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

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received the engineers who are working on various projects to develop the UAE’s educational facilities. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of the Education ...

Dubai / WAM The Federal Tax Authority (FTA), joined the e-Dirham system – a fully integrated electronic payment and revenue collection developed in partnership with First Abu Dhabi Bank- in a move that further strengthens the reach of the country’s official smart payment system. A document towards this effect has been signed on the sidelines of the now-running GITEX Technology ...

DUBAI / Emirates Business At GITEX Future Stars, Saudi-based startup Sadeem won USD$100,000 for Best Global Startup. A wireless platform, Sadeem is the world’s first multi-patented flood and traffic information system with active networks to save lives and money in realtime. “This win means a lot, and is a culmination of six years of work. This is due to the ...

DUBAI / Emirates Business wasl Asset Management Group, Dubai Land Department (DLD), Dubai Electricity & Water Authority (DEWA), the Smart Dubai Office, Emirates NBD, and the General Directorate of Residency and Foreigners Affairs (GDRFA) jointly announced the launch of a new electronic services system for registering and renewing smart real estate leases using blockchain technology. The revolutionary service has been ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA), and Dubai Civil Aviation Authority (DCAA), have signed a Memorandum of Understanding to exchange expertise and knowledge and support and develop joint relations. The MoU was signed by Saeed Mohammed Al Tayer, MD and CEO of DEWA, and Mohammed Abdulla Ahli, Director-General of DCAA, during GITEX Technology Week 2017. According to ...

DUBAI / WAM As part of its continuous efforts to enhance services to meet customers’ needs, as well as achieve its strategic objectives and the m-Government indices, the Ministry of Finance (MoF), held a workshop on the issuance of tax certificates which included Value Added Tax (VAT), and Tax Domicile. The ministry also held a live streaming session on its ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), showcased its latest innovative digital services and applications during GITEX Technology Week 2017. The applications, which include the Investors App, Smart Watch App, and My ADX, are accessible through the Apple and Google Play stores and can be used on either smartphones, tablet computers or smart watches. Speaking on the occasion, ...

Bloomberg BNP Paribas SA promised to stop financing shale and oil sands projects as part of its latest efforts to tackle climate change. France’s biggest bank will no longer do business with companies whose main business stems from oil and gas obtained from shale or oil sands, it said in a statement on Wednesday. The policy covers companies involved in ...

Bloomberg Oil held gains near $51 a barrel as OPEC Secretary-General Mohammad Barkindo reiterated a rapid market re-balancing is under way, and as US production was again disrupted by a storm. Futures added 0.8 percent in New York after advancing 3.3 percent in the previous two sessions. The global economic recovery has gained traction and oil de-stocking gathered momentum over ...

Bloomberg South Africa plans to engage with traders who acquired strategic oil reserves two years ago, even as it prepares legal action to try to cancel the deal. The Strategic Fuel Fund, responsible for managing the reserves, sold 10 million barrels of oil in December 2015 to Taleveras Group and joint ventures of Vitol Group and Glencore Plc. A probe ...