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 The growth of Foreign Direct Investments (FDIs) in the Emirate of Abu Dhabi in 2016 has hit 8% equaling AED 95.145 billion compared with AED 88.95 billion in 2015. The new figures came in the estimation of the annual report on Direct Foreign Investment in the Emirate of Abu Dhabi, issued by the Statistics Center – ...

  Abu Dhabi / WAM The Emirates Central Cooling Systems Corporation (Empower) a district cooling services provider, said it would take part in the 10th World Future Energy Summit, WFES, to be held as part of Abu Dhabi Sustainability Week (ADSW) 2017, under the theme “Practical Steps Towards a Sustainable Future.” The event will be held from January 16-19 at the ...

  Abu Dhabi / WAM In response to the declaration of UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan that 2017 is to be the “’Year of Giving,” Zayed Giving Initiative (ZGI) launched the Neighbourhood (freej in Arabic) Feast initiative as part of the national efforts to promote the culture of giving back to the community and enhance the ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) signed a Memorandum of Understanding (MoU) with Enel, a global market leader with domain expertise in the production, distribution, and transmission of electricity and natural gas. In a statement released on Saturday, DEWA said this is in adherence with the Smart Dubai initiative, launched by His Highness Sheikh Mohammed bin Rashid ...

  Abu Dhabi / Emirates Business Abu Dhabi has been ranked among the fastest-growing tourist destination in the world, and the fastest-growing destination in the Middle East, in a new report by financial services giant Mastercard. The Global Cities Index Report recognised the UAE capital’s compound annual growth rate of 19.81% in overnight visitors between 2009 and 2016, which places ...

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) signed on Saturday an USD15 million concessionary loan agreement for the development of an innovative new hybrid solar and wind generation project in the Caribbean state of Antigua and Barbuda; one of the third funding cycle recipients of ADFD/IRENA Project Facility. The loan agreement was signed during the Seventh Session ...

  DUBAI / Emirates Business As part of its contributions to help improve human capital skills in the country in accordance with UAE Vision 2021, Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, expressed its optimism for the year 2017 and has forged a strategic partnership with Al nokhba Model School in Dubai to convert a ...

  ABU DHABI / Emirates Business ADNOC Distribution announced the new retail price of unsubsidised LPG cylinders for the month of January 2017. As per the announcement that is set on the 10th of every month, the new retail price is as follows: AED53 per 25lb up from the earlier marked retail price of AED49, and AED106 per 50lb from the ...

  Sharjah / Emirates Business The fourth edition of the Sharjah World Music Festival (SWMF) launched its first ever piano competition recently to find some of the most talented individuals attending the event. The contest, which is open to people of all age groups and nationalities, was an instant hit with the audience who were in awe at the quality ...

  It is far too early to render final judgment on the Obama presidency. All the chatter about his ‘legacy’ overlooks two obvious realities. The significance of Obama will depend heavily on events that have not yet happened (for starters, the fate of the Iranian nuclear deal) and comparisons, for better or worse, with his successor. Still, it’s possible to ...