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

  Bloomberg Alphabet Inc.’s Google denied Department of Labor allegations that an in-progress investigation suggests “systemic compensation disparities against women” at the internet giant. “Every year, we do a comprehensive and robust analysis of pay across genders and we have found no gender pay gap,” Google said in an emailed statement. “Other than making an unfounded statement which we heard ...

  ABU DHABI / WAM Gulf investments in the plastic industry amount to around US$ 55 billion, (approx. AED 202 billion) according to Abdulwahab Al-Sadoun, Secretary General of the Gulf Petrochemicals and Chemicals Association GPCA. Al Sadoun said the plastic sector is projected to attract $17 billion of fresh investments over the coming five years, bringing to $72 billion the ...

  Abu Dhabi / WAM The Abu Dhabi Gross Domestic Product (GDP) increased, as per the current prices, by 6.00 percent during the 1st quarter of 2016, compared to the same period in 2015 on the back of an 8 percent rise in the added value of oil businesses and a 5.1 percent increase in non-oil businesses. This came in ...

  Dubai / Emirates Business International Expo Consults (IEC), a branch of Falak Holding, stated that exhibitors at this year’s Dubai Entertainment and Amusement Leisure (DEAL) show have signed contracts worth over US$1.66 billion. The DEAL show grew by 30 percent last year over the previous years as exhibitors signed contracts for innovative products and projects, amusement rides and other ...

  KUWAIT / WAM Total proved reserves of members of the Organisation of Arab Petroleum Exporting Countries (OAPEC), amounted to 710 billion barrels, accounting for 55.6 percent of the world’s total reserves, in early 2017, the organisation said. Total gas reserves held by the eleven members of the organisation stand at 54 trillion cubic metres, or 27.7 per cent of ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, stressed that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and the follow up of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander ...

  Dubai / WAM The Ministry of Climate Change and Environment signed a contract on Sunday with Ceres Associates, an integrated environmental and waste management company, to execute the first phase of the project designed to rehabilitate the original landfill serving the emirate of Umm Al Qaiwain (UAQ). The entire project connected to the 15-year old landfill will be undertaken in ...

  Abu Dhabi / WAM A group of UAE doctors has volunteered 1,000 hours to serve children and elderly patients by working in the Emirati-Tanzanian mobile hospital, which provides diagnostic, therapeutic, preventive and humanitarian services in Zanzibar, Tanzania. The campaign carries out the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to make 2017 the #Year of Giving ...

  Dubai / WAM The Dubai Future Foundation is set to collaborate with Haykal Media to launch the Arabic edition of Popular Science magazine, a world-renowned monthly scientific publication founded in 1872. Mohammed Abdullah Al Gergawi, Vice Chairman of the Board of Trustees and Managing Director of the Dubai Future Foundation, said, “Building the future requires a concerted effort from everyone, ...

  TANTA / AP Bombs exploded at two Coptic churches in different cities in northern Egypt as worshippers were celebrating Palm Sunday, killing at least 43 people and wounding about 100 in an assault claimed by the IS group. The blasts came at the start of Holy Week leading up to Easter, and just weeks before Pope Francis is due ...