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

  Ras Al Khaimah / WAM Saqr Port Authority, which manages the largest bulk-handling port in the middle East, has signed a deal with German machinery manufacturer Liebherr Maritime for two Liebherr LHM 800 mobile harbour cranes. The deal has been struck in support of Saqr Port Authority’s plans to establish new berths which will significantly increase the capacity of Saqr ...

  Abu Dhabi / WAM Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD), announced the recipients of the second cycle of the Internal Excellence Award that honours employees for their meritorious achievements in different categories. Al Suwaidi presented the honorary plaques and certificates of appreciation to the winners of each of the six categories during ADFD’s annual ...

  Dubai / WAM The Dubai Chamber of Commerce and Industry (DCCI), discussed ways to strengthen ties with the Bahrain Chamber of Commerce and Industry and Al Qassim Chamber of Commerce and Industry. This came during a meeting of representatives of the two chambers with Dubai Chamber officials. The discussions focused on enhancing cooperation and knowledge sharing among three organisations. During ...

  SHARJAH / WAM Under the theme ” Finance and investment for an Innovative Economy”, the Euromoney Emirates Conference kicked off Monday in Sharjah, with more than 350 leading thinkers and financial analysts reviewing issues of relevance to financing, financial legislation and fiscal policies. Under the patronage of His Highness Sheikh Sultan bin Mohamad bin Sultan Al Qasimi, Crown Prince ...

  ABU DHABI / WAM Sandooq Al Watan, a national initiative launched by prominent Emirati businessmen to support research projects, received AED4 million in contributions to help support its efforts to build a sustainable knowledge economy. Of the total received, AED3 million was donated by Emirati businessman Sheikh Mohamed bin Sultan bin Srour Al Dhaheri, and the remaining AED1 million ...

  Abu Dhabi / Emirates Business Emirates Classification Society ‘TASNEEF’, through its subsidiary the internationally recognized certification body ‘TASNEEF-RINA Business Assurance’, successfully handed over the ISO 9001:2015 quality management system certificate to Abu Dhabi Autonomous Systems Investments (ADASI), the region’s first one stop solution provider within the autonomous system industry. The announcement was made during a ceremony with representatives from ...

  DUBAI / Emirates Business Retail therapy starts early this summer in Dubai with the 3-day Super Sale, a new citywide retail initiative that will offer shoppers the opportunity to pick up amazing deals across a range of merchandise at participating outlets from May 18-20. Organised by the Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of ...

  Bloomberg Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling down on an effort to eliminate a supply surplus just as its impact on prices wanes. In separate statements just hours apart on Monday, the world’s largest crude producers said publicly for the first time they would consider prolonging their output reductions for longer than ...

  Bloomberg Bahrain’s foreign-currency reserves tumbled 11 percent in February, extending a decline that has fueled speculation that the island kingdom would either tap international bond markets soon or seek financial support from other Gulf Arab monarchies. Net foreign assets dropped to 645.2 million dinars, from 725.9 million dinars in January, according to central bank data released on Sunday. Overall, ...

  TOKYO / Reuters Japan’s trade ministry on Monday reported success in producing gas last week by extracting methane gas from methane hydrate deposits offshore Japan’s central coast. The tests being run at two different wells are the first since 2013, when Japan achieved the world’s first-ever extraction of gas from offshore deposits of methane hydrate, a frozen gas known ...