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 Union National Bank (UNB) reported net profits of AED1.58 billion in 2016 with an operating profit of AED2.35 billion, lower by 13 percent. The operating income for 2016 was AED3.49 billion, a decrease of seven percent compared to 2015, while the net interest income and net income from Islamic financing for 2016 was AED2.6 billion, lower ...

  Abu Dhabi / WAM Emirates National Oil Company (ENOC) has launched its latest lubricant products; ENOC VULCAN 990X EXLD and ENOC VULCAN 999X ENERGY heavy duty diesel engine oils for heavy vehicles and plant machinery. Designed to enhance engine performance and improve fuel economy, the products will also contribute significant cost-savings for users. The VULCAN products are manufactured based on ...

  Abu Dhabi / WAM The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, on Wednesday announced that it will be displaying five defence-related research innovations at the 13th edition of the International Defence Exhibition and Conference, IDEX, in Abu Dhabi. IDEX will be held from February 19-23 at the Abu ...

  Dubai / Emirates Business Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, called for stronger cooperation between the UAE and Kazakhstan in the areas of information systems, innovation, and smart cities during his meeting with Kazakh Minister of Information and Communications, Dauren Abayev. Their discussions revolved around the creation of joint mechanisms for facilitating cooperation and exchange of ...

  Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) has won top honours at the ‘Best Mobile Government Service Awards’ at the World Government Summit Awards for the new, improved version of its Visit Abu Dhabi mobile application. The latest Visit Abu Dhabi app version, which allows users to gain instant access to all ...

  Abu Dhabi / Emirates Business The region’s inaugural conference, Middle East Sulphur 2017, organised by CRU, took place this week in the Capital to highlight the rapidly increasing importance of the commodity. The conference, sponsored by Abu Dhabi National Oil Company (ADNOC), ran over four days from the February 12-16 at Jumeirah Hotel Etihad Towers, and offered a full ...

Dubai / Emirates Business The Dubai Land Department (DLD) announced the launch of its Unified Lease Form, contracts which will become a mandatory procedure starting March 2017. In line with DLD’s aim to create a transparent and professional real estate market with measurable standards, the new form has been designed to regulate relationships between all parties involved in real estate ...

  Abu Dhabi / Emirates Business Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), the second edition of Mother of the Nation Festival is set to kick off on Abu Dhabi Corniche from March 26 to April 4, offering a diverse range of experiences through more than 100 activities, performances, and workshops. The festival which attracted more ...

  Emirates Business Leading UAE business support services provider Transguard Group extended its partnership agreement with Gunnebo, a leading global provider of retail cash management solutions. The two companies have been offering a joint market proposition since 2014, which combines automated cash handling processes with transportation, storage and counting services. Transguard’s successful arrangement with Gunnebo not only covers front and ...

  Bloomberg Sikorsky Aircraft Corp., a unit of Lockheed Martin Corp., is in talks with startup airlines in India to sell its small, twin-turboprop M28 planes as Prime Minister Narendra Modi seeks to boost air travel in remote parts of the country with subsidies. The company, known for its helicopters, has offered to build the passenger planes in India if ...