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

  London / AFP Britain’s anti-EU party UKIP elected former history lecturer Paul Nuttall as its new leader on Monday to take over from Brexit firebrand Nigel Farage, a political ally of US President-elect Donald Trump. Nuttall promised to unite the party — a driving force behind Britain’s vote to leave the EU—which has been under threat from bitter infighting and ...

  London / AFP Poland’s prime minister called on Monday for a Brexit “compromise” and said Europeans in Britain and Britons in Europe should not be “made to feel like hostages” as she kicked off a landmark trip to London. Britain’s shock vote in June to leave the European Union sparked fear among the 800,000 Poles living in Britain, particularly ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) signed a Power Purchase Agreement (PPA) with Abu Dubai Future Energy Company (Masdar), for the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park. The agreement was signed by Dr. Sultan Ahmed Al Jaber, Minister of State and Chairman of Masdar, and Saeed Mohammed Al Tayer, MD & ...

  Abu Dhabi / WAM Over 2,000 Abu Dhabi National Oil Company (ADNOC) Group employees, from across 18 operating companies, walked together, on Monday, from ADNOC’s headquarters to the headquarters of the Abu Dhabi Company for Onshore Petroleum Operations (ADCO), and back, to mark the 45th anniversary of the founding of ADNOC on November 28,1971. Dr Sultan Ahmed Al Jaber, UAE ...

  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, has expressed his pride in the nation’s youth in a text message sent to all national and reserve service recruits, and those who had completed the training. He lauded the national spirit, responsibility, commitment, ...

  Dubai / Emirates Business The 8th annual edition of World Islamic Retail Banking Conference (WIRBC) kicked off at The Dusit Thani Hotel in Dubai on Monday with the participation of over 200 delegates attending to hear what more than 40 experts in the field have to say about consumer behaviour, innovations and strategies in the global Islamic banking landscape ...

  Dubai / Emirates Business The Department of Economic Development (DED) in Dubai received the ‘Gold’ accreditation for at the International Conference 2016 of ‘Ideas UK,’ on account of its suggestion scheme and innovation management. The Gold accreditation is granted top ideas that make a demonstrated impact on improving organisational efficiency as measured against more than 80 parameters, including legislative ...

  Dubai / Emirates Business Yoox Net-a-Porter, the world’s leading online luxury fashion retailer, announced a $138 million joint venture with Symphony Investments, an entity controlled by Mohamed Alabbar, to create the Middle East’s undisputed leader for online luxury retail, in a partnership that will draw on the region’s enormous growth potential. The partnership will see Mohamed Alabbar focus his ...

  Dubai / Emirates Business Noor Bank, a leading Shari’a compliant bank in the UAE, announced on Monday that it won the ‘Best Priority Banking – UAE’ award from the ‘Islamic Business & Finance Awards 2016’ hosted by the prominent publisher, CPI Financial. The Islamic Business & Finance Awards recognise the best and most innovative organisations driving the development of ...

  Abu Dhabi / Emirates Business Omeir Travel Agency, one of the largest and most renowned travel management companies and the flagship company of the reputed Omeir Bin Youssef Group in the emirate, has been declared as the PSSA (Preferred Sales and Services Agent) for Egypt Air in Abu Dhabi and Al Ain. The partnership agreement was signed by Abdulla ...