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

Dubai / WAM In line with its mandate to position Dubai as the global capital of the Islamic Economy, the Dubai Islamic Economy Development Centre (DIEDC), in partnership with Dubai Exports, the export promotion agency of Dubai Economy, recently led a multi-sector trade mission to Australia. The aim of the high level and diverse group was to capitalise on the ...

Bloomberg President Vladimir Putin said Russia may agree to extend a deal with OPEC to curb oil supplies beyond March to the end of 2018, though he’ll wait to make a decision until nearer the end of the existing pact. “Based on the realities in March 2018, we will make our decision, but I do not rule out that we ...

NEW YORK / WAM The United Arab Emirates has highlighted the importance of involving the youth in international efforts to address various global challenges, as well as enabling and involving them in the decision-making process. This came in a statement made on behalf of the UAE by its delegation at a general discussion on social development issues, organised by the ...

SHARJAH / WAM Sharjah Economic Development Department (SEDD), released the sixth edition of the 2016 annual report which highlights its reports throughout the year. The report included the services, activities, initiatives and policies implemented by the department within the framework of its vision to achieve economic well-being in the emirate. It also included the objectives the department seeks to achieve ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees at the Dubai Future Foundation (DFF), visited the foundation’s headquarters, accompanied by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai. During the visit, they viewed some of the foundation’s top ...

Abu Dhabi / WAM Etihad Airways, the national airline of the UAE, has been named ‘Airline of the Year’ in the United Kingdom for the fourth consecutive year by the Travel Trade Gazette (TTG). The Abu Dhabi-based airline beat strong competition to take the top prize at the ceremony, held at London’s Lyceum Theatre and attended by 750 leading figures ...

Abu Dhabi / WAM Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, as well as Fujairah Terminals and Khalifa Industrial Zone Abu Dhabi (KIZAD), announced the purchase of three new tug boats during the Sea Trade Offshore Marine & Workboats Middle East 2017 (SOMWE). The new tug boats ...

Dubai / WAM Drydocks World, the leading marine, onshore and offshore service provider to the oil, gas and renewable energy sectors, has signed an agreement for 2 new projects with Bluewater Energy Services B.V. and end client, Hurricane Energy Plc.. Building on Drydocks World’s excellent track record of 32 conversions and 6 turrets, the yard will now undertake a repair, ...

Dubai / Emirates Business As the world’s population figures continue to soar, so does demand for food with a United Nations Department of Social and Economic Affairs study revealing the global figure is growing annually by 83 million people and estimated to reach 9.7 billion people by 2050. Consequently, the need for food is set to increase by at least ...

DUBAI / WAM The UK Secretary of State for International Trade, the Right Honourable Liam Fox MP, announced on Wednesday that Britain wanted its pavilion to be in the ‘Opportunity’ themed district of Expo 2020 Dubai, saying that Dubai is on track to host an “incredible experience for millions”. His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the ...