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 The Infrastructure and Environment Committee of the Executive Council of Abu Dhabi approved several infrastructure projects. These projects come to meet the growth and sustainability needs of the region and were adopted as part of the Abu Dhabi plan at a total cost of AED74 million. The Committee approved the awarding of the operation and ...

  ABU DHABI / WAM UAE stock markets continued their gaining streak on April 5, with the share of the new First Abu Dhabi Bank, (Ticker NBAD), maintaining its upward rise up to AED 11.35, supported by a buying spree by foreign and local investors. Transactions over the new share hit AED 375 million, an-all-time high in years, ahead of ...

  Dubai / Emirates Business UAE, represented by the Ministry of Finance (MoF), signed an agreement for protection and promotion of investment with Angola, on Ministry’s premises in Dubai. The agreement comes in line with the Ministry’s strategy to expand its network of international relations and protect investments abroad. The agreement was signed by HE Obaid Humaid Al Tayer, Minister ...

  Dubai / Emirates Business Emirates NBD Capital Limited (EMCAP), the investment banking division of Emirates NBD PJSC, one of the largest banking groups in the Middle East by assets, has successfully completed its role in the landmark IPO of ENBD REIT, which admitted shares to trading on Nasdaq Dubai on March 23. EMCAP acted as Listing Advisor to ENBD ...

  Dubai / Emirates Business The rise of the digital economy has catapulted the GCC into a position of significant market opportunity that serves as an emerging market advantage for the development of a flourishing fintech ecosystem. With the UAE and Saudi Arabia leading the way, the region has some of the world’s highest rates of mobile and internet penetration, ...

  WASHINGTON / AP The United States and Russia traded conflicting assertions on Wednesday about who launched a chemical weapons attack in Syria that killed 72 people, as world leaders grasped for a response to the latest atrocity in Syria’s intractable civil war. The Trump administration stood by its charge that Syrian President Bashar Assad’s forces were responsible. Not so, ...

  LAHORE / AP A Taliban suicide bomber struck a vehicle carrying census workers in eastern Pakistan on Wednesday, killing two data collectors and four soldiers who were escorting them, officials said. The attack took place on the outskirts of Lahore, said Malik Ahmad Khan, the provincial government spokesman. A local police official, Mohammad Afzal, said that 15 other people ...

  MOSCOW / AP Russia voiced hope on Wednesday that US Secretary of State Rex Tillerson’s planned visit next week will help improve relations between the former Cold War foes. The Russian Foreign Ministry said Tillerson’s talks next on Wednesday with Russian Foreign Minister Sergey Lavrov will focus on the fight against terrorism, various regional conflicts including Syria and Ukraine, ...

  Abu Dhabi / WAM A national poll on nuclear energy has shown that 83 percent of UAE residents are in favour of the UAE Peaceful Nuclear Energy Programme. The research shows some of the highest favourability rates for nuclear energy in the world and is now at 83 percent, an increase of 13 percent since the last poll conducted in ...

  Abu Dhabi / Emirates Business A spectacular fireworks display brought the 10-day Mother of the Nation Festival to a dazzling close having welcomed 197,316 visitors to the capital’s Corniche Beach for more than 100 live performances, intellectual discussions and an extensive array of engaging activities. Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), the Festival’s second ...