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

  Abu Dhabi / Emirates Business Abu Dhabi’s cruise tourism sector is on course for exponential expansion according to Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), the body responsible for the development of the emirate’s cruise tourism sector, delegates heard today at the 2016 Seatrade Middle East Cruise Forum being held in the UAE capital. Welcoming delegates to ...

  Abu Dhabi / WAM Gathered together at a roundtable for women speakers of parliament, at the Global Summit of Women Speakers of Parliament (GSWS) 2016, participant delegates from over 30 countries unanimously lauded the success of this first summit of its kind, hosted by Abu Dhabi. Chaired by Dr. Amal Al Qubaisi, Speaker of the UAE Federal National Council (FNC) and ...

  Dubai / WAM The Annual Investment Meeting (AIM) the world’s leading FDI platform, entered into a partnership with the World Association of Investment Promotion Agencies (WAIPA), which aims to bolster networking and promote opportunities. The seventh edition of AIM will be held from April, 2-4 2017, at the Dubai World Trade Centre under the theme of “International Investment, Path to ...

  Dubai / WAM Dubai International Airport (DXB) is full of festive cheer as it prepares to welcome some seven million passengers during December with an exciting array of seasonal activities, promotions, prize giveaways and entertainment for passengers at the world’s leading international hub. “Nearly a quarter of a million passengers will be passing through the airport daily during the peak ...

  Abu Dhabi / WAM Around 30 youth discussed their challenges, fears and aspirations for the future at a special session during the second day of the Global Summit of Women Speakers of Parliament 2016, at the Emirates Palace in Abu Dhabi. Titled ‘Youth Perspectives’, the seventh session dominated the conversation with three major themes of this year’s summit: socio-economics, science ...

  Ras Al Khaimah / Emirates Business Ras Al Khaimah, the UAE’s northern-most emirate, is readying this month to host its biggest ever Awafi Festival – the 14th in the annual series. The three-week festival, a defining event in the emirate’s tourism calendar, yearly attracts visitors from all over the GCC, who descend on the mountain-desert-beach destination to celebrate its ...

  Paris / AFP A pact by leading producers to cut output could quickly begin sopping up the glut on the oil market that has weighed on prices, the IEA said on Tuesday as it also hiked its demand forecast. The agreements, if implemented, would “hasten the market’s return to balance by working off the inventory overhang,” said the International Energy ...

  Bloomberg Saudi Arabia has hired consultants to advise on plans to create top global companies in industries from petrochemicals to telecommunications as it seeks to bolster its economy and reputation, according to people with knowledge of the matter. The kingdom has identified about five companies — including Saudi Arabian Oil Co., Saudi Basic Industries Corp. and Saudi Telecom Co. ...

  Tehran / AFP Iran’s President Hassan Rouhani on Tuesday ordered the country’s scientists to start work on nuclear-powered ships in response to the expected renewal of sanctions by the United States. In letters read out on state television, Rouhani criticised the US move as a breach of last year’s nuclear accord and told Iran’s Atomic Energy Organisation to start work ...

  Tehran / AFP Iran signed preliminary agreements with Russia’s Gazprom on Tuesday to develop two major oil fields in the latest of a flurry of deals with foreign firms, local media reported. The deals open the way for Gazprom to carry out studies at the Cheshmekosh and Changouleh fields near the border with Iraq, according to the Shana news agency, ...