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

DUBAI / Emirates Business The unprecedented growth of the infrastructure sector across the GCC over the past six decades has been one of the most significant achievements of the region as top Emirati firms have been selected for outstanding contributions to GCC’s infrastructure growth. Guided by the ambitious national visions set by the leadership of each GCC state, the world ...

DUBAI / WAM The Ministry of Finance (MoF) published Cabinet Decision No. (37) of 2017 on the Executive Regulation of the Federal Decree-Law No. (7) of 2017 on Excise Tax, as well as Cabinet Decision No. (38) of 2017 on Excise Goods, Excise Tax Rates and the Method of Calculating the Excise Price, the latter of which will add 50 ...

ABU DHABI / Emirates Business The strength and role of Abu Dhabi Global Market (ADGM) as a strategic hub for aircraft financing and leasing has been endorsed and corroborated by PwC in the newly published Aviation Comparative Jurisdiction Report (the ‘Aviation Report’). ADGM, the International Financial Centre in Abu Dhabi, worked with PwC to analyse the wide and expanding Double ...

ABU DHABI / WAM The Masdar Institute of Science and Technology’s Sustainable Bioenergy Research Consortium (SBRC), a non-profit entity supported by Etihad Airways, Boeing, Takreer, Safran and General Electric on Saturday announced that its flagship project, the Seawater Energy and Agriculture System (SEAS), has reached a critical milestone in the development of sustainable aviation biofuels through the first harvest of ...

Fujairah / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has offered his condolences to the family of Emirati martyr Captain Pilot Khalid Mohammad Al Shehi, whose aircraft crashed due to technical failure while he was performing his national duties as part of the Saudi-led ...

NEW YORK / WAM In a statement delivered at the High-Level Meeting of the General Assembly on the Appraisal of the United Nations Global Plan of Action to Combat Trafficking in Persons on September 28, the United Arab Emirates pledged $100,000 in financial support to the United Nations Voluntary Trust Fund for Victims of Trafficking in Persons, Especially Women and ...

Dakar / Emirates Business DP World Group Chairman and CEO Sultan Ahmed bin Sulayem met Senegalese President Macky Sall as part of his tour of West and North Africa to confirm the development of infrastructure projects in the country. The discussions, attended by Prime Minister Mohammed Dionne and senior government officials, confirmed the plan for Port Du Futur. An agreement ...

Abu Dhabi / WAM Abu Dhabi General Services Company (Musanada), revealed that the work in the Abu Dhabi Ladies Club project is nearly complete, to be eventually handed over to Abu Dhabi Sports Council (ADSC), by end of the year. This forms part of Musanada’s efforts to contribute to achievement of the objectives of Abu Dhabi Plan, supporting UAE women ...

Bangkok / WAM TRANSCO, a subsidiary of Abu Dhabi Water and Electricity Authority (ADWEA), has once again been awarded the “Best Utility of the Year-UAE” at the Asian Power Awards 2017 held on 20th September. Over a hundred senior executives and key industry figures representing several Asian utilities flocked to Bangkok, Thailand, for the ceremony. The awards were expertly judged ...

Dubai / Emirates Business His Excellency Dr Thani Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, was briefed on the collaboration efforts between IBM, Future Society of Harvard and the Global Manufacturing and Industrialization Summit to use cognitive computing, also widely known as artificial intelligence, to monitor, simulate, predict and suggest policy recommendations related to achieving the UN ...