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

  NEW YORK / AP Daniel Houghton was just 24 years old when he became CEO of Lonely Planet in 2013. Since then, he’s restructured the company, expanded its digital presence and, to the surprise of many who feared he’d kill off Lonely Planet guidebooks, he’s grown the print side of the business. The company now has 33 percent of ...

  ABU DHABI / WAM The UAE’s banking sector came first on the list of the banking sectors in terms of asset volume in the GCC region, with a total value of about US$711 billion, over (AED2. 61 trillion) in 2016, according to statistics from the Central Bank of the UAE issued at the end of last year. This reflects ...

  ABU DHABI / WAM The volume of non-oil trade between the UAE and Russia touched about US$1.6 billion during the first 9 months of 2016, compared to about $2.5 billion during the whole of 2015, according to a report released by the UAE Ministry of Economy, on reviewing the trade policies with Russia. The report also shed light on ...

  ABU DHABI / WAM The Abu Dhabi Global Market (ADGM) and the Monetary Authority of Singapore (MAS) signed a Cooperation Agreement |(CA) to foster closer cooperation on developments and initiatives that nurture FinTech entrepreneurship and support innovation in financial services in both Singapore and Abu Dhabi. This new partnership was the result of meaningful exchanges between the FinTech teams ...

  DUBAI / WAM Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation, EMPOWER, world’s largest district cooling service provider, has urged building owners on Sheikh Zayed Road to adopt district cooling system instead of traditional cooling services. The call follows the company’s delivery of such services to several buildings in the area. Empower’s ongoing process to deliver district ...

  Abu Dhabi / WAM The Second UAE-Singapore Joint Ministerial Committee Meeting kicked off here on Wednesday. It was co-chaired by Mohammad bin Abdullah Al Gergawi, UAE Minister of Cabinet Affairs and the Future, and Dr. Vivian Balakrishnan, Singapore Minister of Foreign Affairs. Al Gergawi highlighted the unique historic ties between both countries, based on understanding, mutual respect and the desire ...

  Dubai / WAM Dubai South, an emerging 145 sq. km. city situated within the emirate of Dubai, and GE Aviation have inked a deal to set up MRO operations at the Aviation District’s Aerospace Supply Chain Facility. The new facility will serve as a maintenance and repair centre for GE Aviation’s On Wing Support division. The facility will specialise in ...

  Abu Dhabi / WAM Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) announced the opening of the Qasr Al Hosn Exhibition to the public on Wednesday. The exhibition offers visitors a journey through the story behind Abu Dhabi, as well as the history of the region surrounding Qasr Al Hosn, and highlights the restoration and conservation development project that ...

  Dubai / WAM Flydubai on Wednesday celebrated International Women’s Day with an all-female crew operating flights FZ001/FZ002 between Dubai and Doha. Captain Isabel Gonzalez from Spain and First Officer Vaidehi Chavhan from India were joined by Cabin Crew from Korea, Moldova, Morocco, Tunisia and Zimbabwe in welcoming Flydubai’s passengers on board this special flight celebrating women in aviation. A group ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (ADNOC) joined the global community in observing International Women’s Day on Wednesday with a series of events and activities organised across ADNOC Group companies. In a statement, Dr Sultan Ahmed Al Jaber, Minister of State and ADNOC Group CEO, praised the valuable contribution women are making to the continued success of ...