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

  DUBAI / WAM Dubai International Financial Centre (DIFC) signed an MoU with Mumbai Metropolitan Region Developmental Authority (MMRDA), an urban town planning and development authority established by Government of the State of Maharashtra. The City of Mumbai endeavours to set up its own international financial centre, in order to position it as the financial capital of India. In support ...

  Bloomberg The United Arab Emirates is cutting back supplies to customers in June as part of its agreement with OPEC to curb production. Abu Dhabi National Oil Co. will reduce sales by 10 percent, a company spokesman said on Saturday by phone. The state-owned producer, known as Adnoc, cut supplies for May by 7 percent. The UAE, the fourth-biggest ...

  Let’s be clear: America is an undertaxed society. Our wants and needs from government — the two blur — exceed our willingness to be taxed. This has been true for decades, but it’s especially relevant now because the number of older Americans, who are the largest beneficiaries of federal spending, is rising rapidly. Unless we’re prepared to make sizable ...

  A third strongman has managed to do what the two before him couldn’t: Sever the link between the stock markets of China and India. The correlation between the CSI 300 and the Nifty 50 indexes survived Xi Jinping’s ascent to power in 2012 and Narendra Modi’s election in 2014. Donald Trump, however, has succeeded in driving through a wedge. ...

  Smokestacks and tailpipes may be the biggest and most obvious sources of greenhouse gases, but they’re not the only ones to worry about. An invisible, underappreciated one is right in America’s front yards: leaking pipes that carry natural gas into people’s homes. The good news is that scientists have devised a clever way to find these leaks, by attaching ...

  The leaders of the 10-member Association of Southeast Asian Nations (ASEAN) met in Manila, where Philippines President Rodrigo Duterte stressed over the non-interference in one-another’s internal affairs. He said that the principles of the regional block are based on international law, mutual respect for independence, sovereignty, equality, territorial integrity and national identity of all nations. Duterte urged his fellow ...

  Abu Dhabi / Emirates Business Abu Dhabi benefited from increased industrial investments over the past years as a result of efforts to achieve economic diversification, a strategic objective of the Abu Dhabi Plan and the emirate’s economic vision, with integral facilities and world class logistical and organizational capacities provided. Seeking to support the industrial sector, the Emirate of Abu ...

  HANNOVER / WAM After five days, 250,000 visitors and 6,500 exhibitors, Hannover Messe draws to a close, as the UAE Pavilion reflects on yet another successful participation for a milestone tenth year. The UAE Pavilion, consisting of 31 government and private sector exhibitors, saw a variety discussions and agreements with foreign officials, internationals stakeholders and fresh investors. Led by the ...

  Dubai / WAM Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, announced that registrations for the 10th edition of the Mohammed Bin Rashid Award for Young Business Leaders (YBL) can be done on the website www.smeawards.ae from April 30 to August 31. The award will be given under the patronage of ...

  Dubai / WAM Zayed Giving Convoys have invited Emirati medical cadres to volunteer through the “Doctors Programme,” which will allow them to participate in humanitarian missions of mobile caravan clinics and hospitals in Somalia. The gesture is in response to 2017 being named the Year of Giving by President His Highness Sheikh Khalifa bin Zayed Al Nahyan and coincides with ...