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

  Madrid / AFP They may be cute, colourful and chatty, but South American quaker parrots have taken up residence in Madrid and other Spanish cities, irritating residents with their shrill squawks and destabilising the ecosystem. The small, bright green and grey-breasted birds — also known as monk parakeets — first arrived in Spain in cages as entertaining pets, but ...

Ranomafana / AFP “Last time, I burnt a section about that big,” says Mihareta Laivoa, pointing to a parcel of land about the size of a football field, as the farmer admitted to having destroyed forest to make way for his crops. “I don’t own a piece of land in the valley, so I have no choice,” explains the 41-year-old ...

  Tehran / AFP Mansour Faridfar did well on the black market until the law caught up and left him jobless, forcing him to join the thousands of “shakhsi” unofficial taxi drivers clogging Tehran’s streets. “I used to be very well off and I thought my fate was in my hands, but I gradually learned that was not true,” said the ...

DUBAI / WAM Smart Dubai will bring together 55 partners from the government and private sector for the first collaborative exhibition to showcase a true smart city experience for Dubai. The exhibition will take place in a 3,800-square-metre pavilion during the 36th edition of Gitex Technology Week 2016 from October 16-20. An initiative, Smart Dubai is anchored in the vision ...

  Abu Dhabi / EMIRATES BUSINESS HE Engineer Sultan Bin Saeed Al Mansoori, UAE Minister of Economy, will be leading the country’s first government and economic trade delegation to visit the Republic of Bulgaria on October 11-13. The official visit is aimed towards promoting economic trade and investment cooperation between the two countries, placing strong focus on key sectors like ...

  Sharjah / WAM Air Arabia, the Sharjah-based low cost carrier, has been ranked number three on Airfinance journal’s list of top 50 global airlines. The list includes an evaluation of the performance of 137 airlines, based on a set of “operational and financial parameters, including Total Revenue, Net Income, Passenger Yield, Liquidity, and Leverage,” according to an Air Arabia ...

  DUBAI / WAM S.S. Lootah International has signed an AED184 million agreement with Oromia International Bank SC of Ethiopia to provide assistance in the coffee, agriculture and livestock sectors. The agreement was signed during the Dubai Chamber of Commerce and Industry-led trade mission to Addis Ababa. The agreement covers financing requirements for exports of production, export financing, warehousing and ...

DUBAI / WAM Jebel Ali Free Zone (Jafza) has organised a roadshow in Seattle, WA, USA, to reinforce Dubai’s position as a global business hub serving more than two billion consumers around the world. Jafza also signed an MoU with the Trade Development Alliance of Greater Seattle to encourage trade relations between the two cities and organisations.  

  DUBAI / WAM A delegation from the Dubai Investment Development Agency has recently discussed new opportunities and changing business landscape in the emirate with select investor groups, law firms and consultants in the United Kingdom. Officials from Dubai FDI, an agency of the Department of Economic Development in Dubai, along with partners specialising in company formation, interacted with senior ...

  ABU DHABI / WAM Abu Dhabi Commercial Bank, ADCB, has announced that it has been awarded the “Best Cash Manager” in the UAE (Non-FI category) in 2016 by the Euromoney Cash Management Survey. In addition to being the number one “Cash Management Bank” in the UAE, ADCB was ranked 3rd place in the Middle East and 16th place globally. ...