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

  Dubai / WAM Hussain Nasser Lootah, Director-General of Dubai Municipality, has revealed that the municipality has allocated AED7 billion in this year’s budget for executing infrastructure development and new large-sized high-priority projects and services in the field of health and environment. “The lion’s share of the volume of expenditure in the budget will be received by the storm water tunnel ...

  Sharjah / WAM Expo Centre Sharjah announced that the number of exhibitors participating in the 13th SteelFab Middle East 2017 Exhibition, the leading annual event in the steel and iron industry, has surpassed 317 coming from 28 countries. SteelFab 2017 is organised and hosted by Expo Centre Sharjah with the support of Sharjah Chamber of Commerce and Industry (SCCI). The ...

  Dubai / WAM Expo 2020 Dubai will unveil details about its strategy for a cleaner, greener world and its centrepiece Sustainability Pavilion at the forthcoming Abu Dhabi Sustainability Week (ADSW). The fifth annual ADSW, running from January 12-21, also hosts the World Future Energy Summit, and will focus on identifying and discussing solutions to the world’s energy and sustainability ...

  Roy Kinnear was appointed as Chief Executive Officer of Air Seychelles on July 1, 2015. Kinnear joins Air Seychelles from strategic partner Etihad Airways, where he held the position of Senior Vice President, Revenue Management and Planning, and was responsible for leading the airline’s revenue management, inventory control, pricing, and revenue forecasting. Having gained an honours degree in Economics ...

  Bloomberg McDonald’s Corp. agreed to sell a controlling stake in its China and Hong Kong operations to a group of financial investors in the latest effort by the world’s largest fast-food chain to catch up with Western rivals by opening new stores in smaller Chinese cities. A consortium including Citic Ltd. and Carlyle Group LP will buy an 80 ...

  Bloomberg Barnes & Noble Inc. posted its first decline in holiday sales in three years, hurt by a downturn in the coloring-book category, bringing another sign that the Christmas season wasn’t kind to retailers. Same-store sales sank 9.1 percent for the nine-week holiday period, the New York-based company said. Coloring books and other art supplies — products that had ...

  DUBAI / WAM Dubai Chamber of Commerce and Industry (DCCI) saw its network of members grow by 9 percent or 16,800 companies in 2016, bringing the organisation’s total membership to 201,000 by the end of the year. The rise in number strengthens its position as one of the largest membership-based chambers of commerce in the world. The total value ...

  Dubai / WAM Integrated facilities management (FM) company, Imdaad, has generated a revenue of $136m (AED500m) in 2016, registering a growth of eight to 10 per cent compared to the previous year. The Dubai-based company also signed a few major contracts with leading companies in the last quarter of 2016, enabling it to generate more business than the previous fiscal ...

  Abu Dhabi / Emirates Business New York University Abu Dhabi’s (NYUAD) annual January Term (J-Term) is a unique study program that aims to intensify students’ intellectual focus and reach beyond the classroom. The program incorporates experiential learning, connecting students to the UAE, the Middle East and a range of global destinations. With a focus on exploring and interacting with ...

  Dubai / Emirates Business The Sustainable City – the first Net Zero Energy city in Dubai and Middle East’s first operational sustainable community – readies itself for the 10th edition of the World Future Energy Summit 2017 (WFES) for the second consecutive year. The summit will be held in at the ADNEC in Abu Dhabi from January, 16-19. The ...