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

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, expressed his pride and appreciation for the country’s men who served in its national institutions since its establishment, who carried the message of its development and modernisation, and contributed in important ways to further ...

  Abu Dhabi / WAM Abu Dhabi Ship Building (ADSB) handed over a military landing vessel to the Kuwaiti Defence Ministry. This was announced by ADSB at the official inauguration of the 64-metre Kuwaiti landing craft and high-speed protection vessel “Al Safar” at the company’s yard in Musaffah Industrial Base in Abu Dhabi. ADSB is one of the region’s key providers ...

  Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation (KF) completed the largest concrete dam construction project in Somalia, which will provide the city of Hargeisa and nearby areas with water for irrigation channels, as well as to store water for use during the drought season. The launch of the dam coincides with the “For You, Somalia” campaign, launched ...

  Abu Dhabi / WAM A workshop on reviewing UAE trade policy has been held by the Ministry of Economy in the presence of representatives of the World Trade Organisation (WTO) recently in Dubai. The workshop, which was attended by Juma Mohammed Al-Kait, Assistant Under-Secretary for Foreign Trade at the Ministry of Economy, overviewed the measures taken to review the UAE ...

  Dubai / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA) led the ground-breaking of Mai Dubai’s new expansion project in Yalayis off Al Qudra Road in Dubai. The project is the first of its kind for the bottled water industry in the region and includes two phases that will be completed by ...

  Dubai / WAM The Dubai Government will issue its last paper transaction by 2021, said His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, while attending Smart Dubai’s ‘Future-Now’ event at the Dubai Design District. He instructed the Smart Dubai Office to oversee the ambitious goal. During ...

  Abu Dhabi / WAM Mubadala Development Company and Eshraq Properties are exploring opportunities for establishing a joint real estate development company in Abu Dhabi following the signing of a Heads of Terms Agreement. The two parties agreed on a range of principles relating to the potential joint venture to jointly develop plots in Abu Dhabi owned by Mubadala on Al ...

  Dubai / WAM Dubai Economy and the Dubai Quality Group (DQC) have signed an agreement to promote participation in community welfare activities sponsored by the two organisations. The agreement seeks to promote innovation and partnerships, as well as consolidate all efforts towards implementing the directives of the UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan to observe 2017 ...

  DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Board of Dubai World Trade Centre Authority (DWTCA) announced the 2016 annual performance of Dubai World Trade Centre (DWTC) as the business surpassed a significant milestone in visitation traffic hosting 3.03 million delegates and attendees to events. The results represent an impressive 11% year-on-year footfall ...

  SHARJAH / Emirates Business Sharjah Islamic Bank (SIB) posted a net profit of AED 139.1 million for the first quarter of 2017 compared to AED 131.4 million for the same period last year, a 5.9 % increase. Total assets reached AED 34.6 billion at the end of the 1st Quarter 2017 compared to AED 33.5 billion at the end ...