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

  Dubai / WAM Vice President, Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, issued Decree No. (3) of 2017 on the formation of the Board of Directors of Dubai World under the chairmanship of His Highness Sheikh Ahmed bin Saeed Al Maktoum. The new board includes Mohammad Ibrahim Al Shaibani, ...

  Abu Dhabi / WAM The total trade in Abu Dhabi of pearls, precious stones and precious metals reached AED13.3 billion during the first 11 months of 2016, according to the most recent statistics on non-oil-related commodities from its land, sea and airports. According to traders in the sector, the trade increase in pearls, precious stones and precious metals reflected the ...

  Dubai / WAM The 13th edition of the International Defence Exhibition and Conference (IDEX 2017) and the fourth edition of the Naval Defence Exhibition (NAVDEX 2017) are set to draw the participation of 1,235 specialised local and international companies in the defence industry. This represents a three per cent growth compared to 2015, when 1,200 companies attended. Organised under the ...

  Dubai / WAM The Roads and Transport Authority (RTA) of Dubai, completed the second phase of the training programme called “Audit Licence Programme.” RTA completed the first phase of training last April. The programme aims to make employees aware of the importance of internal audit and groom them for practising internal monitoring within their respective organisations by furnishing them with ...

  Abu Dhabi / WAM National Drilling Company (NDC), an ADNOC Group company, celebrated the inauguration of its new state-of-the-art jack-up rig, Al Hudairiyat, in the Hamriyah Free Zone in Sharjah. This raises the number of new offshore rigs acquired by NDC and manufactured in the UAE by Lamprell plc, a UAE-based company, to eight as part of a series of ...

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees at Dubai Future Foundation, met the heads of Dubai government entities to discuss next steps for Dubai 10X initiative launched by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum ...

  Abu Dhabi / WAM On the occasion of the launch of the “UAE – Africa Friendship Day” organised by the Ministry of Foreign Affairs and International Cooperation, MoFAIC, under theme: “Joint Vision, Mutual Destiny”, Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, has highlighted the depth of UAE – Africa ties derived from a joint vision and ...

  Dubai / WAM The Awqaf and Minors Affairs Foundation (AMAF) donated more than AED2.5 million from an endowment from the late Emirati philanthropist, Ahmed Baghlaf, to several charity organisations that care for underprivileged people, including widows, orphans, and the elderly. The donations come in line with the UAE #Year of Giving and the foundation’s objectives to enhance the spirit of ...

  Dubai / WAM The Air Quality Monitoring Stations Network of the Dubai Municipality received the prestigious European Standard Compliance certificate, making it the first government entity at the national and the regional level to get this high-level certificate. Hussain Nasser Lootah, Director-General of Dubai Municipality explained that the certificate of compliance covered the overall management of the monitoring network with ...

  Reuters Stock markets in the Gulf closed on a firm footing on Thursday in line with generally upbeat global shares and stabilising crude oil prices, while Egypt’s bourse ended a five-day losing streak. Dubai’s index edged up 0.2 percent in thin trade. GFH Financial Group, the most heavily traded stock, jumped 4.4 percent. Two builders that reported heavy net ...