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 One hundred years ago, in 1917, Ford Motor Company set off on an adventure that would change the automotive industry forever. It began with the Model TT, a truck based on the hugely successful Model T car, and grew, over the course of a century, into the world’s best-selling truck brand. Over the years, Ford trucks ...

Dubai / Emirates Business Arabian Automobiles Company, the flagship company of AW Rostamani Group and the exclusive dealer for INFINITI in Dubai, Sharjah and the Northern Emirates, had unveiled the completely redesigned QX60 to the region. For MY2017, the model features additional enhancements that are aimed at empowering the driver with a more premium experience – a model that redefines ...

The United Nations paid at least $18 million last year to companies with close ties to Bashar al-Assad, some of them run by cronies of the Syrian president who are on US and European Union blacklists. Contracts for telecommunications and security were awarded to regime insiders including Rami Makhlouf, Assad’s cousin. UN staff ran up a $9.5 million bill at ...

Noble Group Ltd. received a fresh broadside from Iceberg Research as the trader’s long-time foe predicted that the commodity company will probably fail, while telling executives that the anonymous commentator won’t be silenced by being sued. The trader’s shares fell. “Noble is sinking in a perfect storm,” the researcher said in a report on Thursday. “The company is walking towards ...

The best thing to do with mistakes is learn from them. So as part of her vacation reading, UK Prime Minister Theresa May might want to glance at the just-released British Election Study showing what was foremost on voters’ minds as they cast ballots in the 2017 general election: Brexit The election was supposed to be a walk in Hyde ...

ABU DHABI / WAM The actual spending of federal departments amounted to AED8.92 billion during Q1 2017, with a 100 percent budget execution rate, according to a Ministry of Finance report. The Service Sector spending hit AED3.207 billion, which accounts for 36.96 percent of Q1 total spending, while AED2.384 billion went to the Public Order and Safety Affairs Sector- 26.73 ...

ABU DHABI / WAM Blue-chips again gave a last-minute boost to the UAE stocks on Wednesday, with Emaar breaking a new high of AED8.49 despite a profit-booking spree during the first half of today’session. Accordingly, decent gains were held by the Abu Dhabi Securities Exchange General Index which was up 1.02 percent, closing at 4608 points, with the Dubai Financial ...

Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology announced a research breakthrough that provides valuable insights on the development of optimized graphene-based membranes, which aim to make water filtration and desalination more efficient and sustainable. The Masdar Institute is a part of the Khalifa University of Science and Technology. The breakthrough was made by a team ...

ABU DHABI / WAM Etihad Airways has introduced the Boeing 787-9 on its scheduled daily service from Abu Dhabi to Seoul. The aircraft touched down this morning at the South Korean capital’s space-age Incheon International Airport. The new two-class 787 Dreamliner service replaces the Airbus A340-600 aircraft previously operated on the route, and features Etihad Airways’ next-generation Business and Economy ...

Dubai / WAM Takaful Emarat, the DFM-listed, Shariah-compliant Life and Health Takaful provider, announced its Q2 financial results for six-month period ended June 30. Results were approved at the company’s Board of Directors meeting. Takaful Emarat reported a net profit of AED0.9 million for the first half of the year. This growth is attributed to the company’s continuous investment in ...