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

  Relaxnews Deliveries of the Chevrolet Bolt, the first mainstream electric car to offer a 238-mile range, have officially started. Three customers in San Francisco received their cars and by the end of this week, deliveries will extend to other cities in California and Oregon. “All of the hard work that the Chevrolet team have put into designing, engineering and ...

  Washington / AFP Yahoo said personal data from over a billion users was stolen in a hack dating back to 2013 — twice as big as another breach disclosed just three months ago. In a huge blow to the struggling internet pioneer, Yahoo said it made the discovery as it was investigating what was already the largest data breach ...

  ABU DHABI / WAM The UAE Central Bank issued a resolution, amending its Circular No. 24/2000 on Regulation concerning Procedures for Anti-Money Laundering and its amendments. According to Article One of the resolution, the texts of paragraph (3-1) of Article (3), Article (4) and paragraph (a) of Article (19) of Circular No. 24/2000 – Regulation concerning Procedures for Anti-Money ...

  Dubai / Emirates Business du launched its Data Centre and Managed Hosting Services as an innovative way to give customers a secure and scalable ICT foundation for developing their businesses in the UAE and across the MENA region. du’s Data Centre and Managed Hosting Services combine highly secure data centre facilities with network and interconnection services to give customers ...

  DUBAI / EMIRATES BUSINESS The Department of Economic Development (DED) in Dubai signed a memorandum of understanding (MoU) with Dubai Healthcare City Authority (DHCA), the governing body of the Dubai Healthcare City (DHCC) free zone, under which the latter would be given access to the Reserve Trade Name registry of DED. The agreement is part of unifying trade name ...

  DUBAI / EMIRATES BUSINESS NMC Health plc. (NMC), the leading integrated healthcare provider operating across the United Arab Emirates, announced the proposed acquisition of Al Zahra Hospital in Sharjah from Gulf Medical Projects Company (“GMPC”) for AED 2,058 million (approximately US$560 million). Subject to shareholder approval, the acquisition is a strategic step forward for NMC Health and will reinforce ...

  Dubai / WAM The International Telecommunications Union’s (ITU) regional forum on Information and Communications Technology (ICT) measurement was held on Wednesday in Dubai. Aimed at enhancing the countries’ capabilities in the region to produce ICT related statistics on internationally agreed standards and national methodologies and indicators, the forum witnessed a significant presence of high-level officials and national experts in ...

  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 on Wednesday received the visiting Leonid Eduardovich Slutskii member of the State Duma of Russia, at Al Shai’ Palace. They reviewed cooperation between the UAE and Russia and the strong trade and economic partnerships ...

  Abu Dhabi / Emirates Business Abu Dhabi is poised to become the regional hub for ‘Halal Cruising’, delegates heard on the final day of the 2016 Seatrade Middle East Cruise Forum, taking place in the UAE capital. That is the strong message delivered by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) to senior cruise line executives, tourism ...

  Dubai / Emirates Business Tasjeel, UAE’s one-stop-shop for all vehicle testing and registration needs, has signed an exclusive Vehicle Testing Services agreement with Emirates Auction, a leading UAE-based auction company in the Middle East founded in 2004. Tasjeel will be the sole service provider for vehicle testing and registration services for Emirates Auction as part of a three-year agreement, ...