The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

Bloomberg The death toll from a truck-bomb blast in Somalia’s capital climbed to more than 200 people, as the African Union urged greater international backing for the government’s fight against extremists. The explosion, the nation’s deadliest single attack, killed at least 231 people and injured 275 others, the Associated Press reported, citing Senator Abshir Abdi Ahmed. The blast occurred on ...

SHARJAH / WAM The Sharjah Islamic Bank (SIB), posted a net profit of AED360 million for the nine months of 2017 compared to AED335.8mn for the same period last year, a 7.2% increase. Total assets reached AED37.8bn at the end of Q3 of 2017, compared to AED33.5bn at the end of 2016. Liquid assets hit AED 8.2bn or 21.6% of ...

Bloomberg Artificial intelligence (AI) could add $837 billion to UK economy by 2035, a government-commissioned report said. The economic boost would come from a combination of more personalized services, improvements in health care and adopting machine learning to find ways to use resources more efficiently, according to the report. “The UK could stay among the world leaders in AI in ...

ABU DHABI / WAM Juma Mohammad Al Keet, Assistant Under-Secretary for the Foreign Commerce Sector at the Ministry of Economy, discussed ways of promoting economic cooperation with Italy on behalf of the UAE, during the first Italian-Arab Business Forum held in Milan. Saqr Nasser Al Raisi, UAE Ambassador to the Republic of Italy, and Abdullah Hassan Al Shamsi, Consul-General of ...

Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, adopted the Government Communication Strategy 2017-2021. It includes a set of strategic objectives and national priorities to achieve optimal communication mechanisms and promote an integrated government communication system for federal entities. His ...

Dubai / WAM Five African presidents and more than 12 ministers along with a large number of top executives and decision-makers will participate in a two-day forum to be held in Dubai in November in what is dubbed as the largest economic African gathering outside the black continent. The 4th Global Business Forum on Africa will be organised by the ...

Abu Dhabi / WAM Mubarak Al Shamsi, the Director-General of the Abu Dhabi Centre for Technical and Vocational Education and Training (ACTVET) said that the WorldSkills Conference 2017 in Abu Dhabi provides a wonderful opportunity to address challenges, debate key issues, and identify solutions in the sphere of vocational skills with thought-leaders and policymakers from all corners of the globe. ...

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, attended the opening of the 5th GCC HR and Labour Market Executive Conference on Sunday, held under the theme, ‘Gulf human capital, a promising wealth’. The two-day conference organised by the Sharjah Chamber of Commerce and Industry (SCCI) at the Expo ...

Abu Dhabi / WAM The Telecommunications Regulatory Authority (TRA) has signed MoU with ICDL Arabia for a 3-year-term, with the aim of cooperating in the areas of developing the necessary skills of government officials and community segments with regards to digital security and online safety. The MoU was signed by Hamad Obaid Al Mansoori, TRA Director-General, and Jamil Ezzo, Director-General ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) signed a Memorandum of Understanding with Emirates NBD to promote cooperation in innovation and digital transformation to achieve customer satisfaction and happiness for society as a whole. This comes as part of DEWA’s strategy to support innovation at all levels. The MoU was signed by Saeed Mohammed Al Tayer, MD and ...