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

  Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, signed a AED 30 million enabling works contract with Al Nuaimi Group for its upcoming Anantara Resort & Spa within the Mina Al Arab development. The contract between Al Nauimi Group and RAK Properties includes piling and ...

  Dubai / Emirates Business Mai Dubai, the Dubai-based bottled drinking water company, commissioned Swisslog to automate its storage and distribution logistics at its new mega expansion project in Dubai in order to reach its 2020 goals. The order value of the project amounts to 21 million US dollars. As Swisslog builds on its strengths in logistics in the food ...

  Sharjah / Emirates Business City Centre Sharjah—one of the emirate’s largest shopping destinations, owned and operated by Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa —will offer unparalleled shopping opportunities to residents and visitors in the Emirate, this holiday season. During the festive season, shoppers will have the chance ...

  Dubai / Emirates Business The 21st edition of the Middle East’s most influential jewellery show has opened its doors, unveiling thousands of unique, breath-taking jewellery pieces, offering visitors a one of a kind shopping opportunity. The show floor displays more than 10,000 glittering designs from across the globe and the four-day jewellery extravaganza will run until December 10 at ...

  Aleppo / AFP Rebels in Aleppo called for a five-day truce and the evacuation of civilians on Wednesday after losing more than three quarters of their territory including the Old City to a Syrian army offensive. In the face of a blistering assault by forces loyal to President Bashar Al-Assad, the rebels were reported to have retreated on Wednesday from ...

  Aden / AFP Around 40 people were missing off the Yemeni island of Socotra on Wednesday after a cargo vessel carrying islanders home from the mainland sank in the Indian Ocean, authorities said. Nineteen people were rescued from the water after a major search operation was launched in the early hours, Yemeni Fisheries Minister Fahd Kavieen said. The first two ...

  Bartalla/ AFP Iraqi forces battled extremists deep inside Mosul on Wednesday, edging closer to the River Tigris that divides the city and looking for a breakthrough in the seven-week-old offensive. The fighting to retake the IS group’s last major stronghold in Iraq has prompted a steady trickle of people to leave their homes, many taking refuge in camps where ...

  Mogadishu / AFP The government of Somalia’s northern Puntland region said on Wednesday it had retaken control of a small port town from extremists who have declared allegiance to the IS group. “Puntland forces have secured control of Qandala and the armed militants have fled, now the situation is quite calm and everything is under control,” said Yusuf Mohamed Waceys, ...

  New Delhi/ AFP Torrential rain and rough seas have stranded around 1,000 tourists on one of India’s tropical islands off its east coast, officials said Wednesday. Officials from the local Andaman and Nicobar Islands administration said they have asked the Indian navy to help rescue tourists from Havelock, one of the smaller islands most popular with visitors. “Around 1,000 tourists ...

  Jerusalem / AFP Israeli lawmakers could vote on Wednesday to advance a bill legalising some 4,000 settler homes in the occupied West Bank despite international criticism and warnings over its implications. The bill was set for a first reading in the Knesset, or parliament, and if approved would require two more full votes before becoming law. A vote was expected ...