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

  Brussels / AFP The EU will require big foreign banks operating in Europe to set aside billions in reserve funds in a tit-for-tat move against the United States that could also affect post-Brexit Britain, a draft proposal seen by AFP said. The European Commission, the executive body of the 28-nation European Union, on Wednesday will announce a series of ...

  Bloomberg Brexit may have wounded London’s reputation as a leading hub for financial-technology companies, but now an unlikely hero is helping to protect its edge: the UK regulator. Take SETL, a startup that seeks to harness blockchain technology. The London-based firm says it became the first to use the digital ledger, which is the same architecture bitcoin uses, to ...

  Dubai /WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minster of the UAE and Ruler of Dubai, on Tuesday launched the UAE University (UAEU) Science and Innovation Park on the university campus in Al Ain. He unveiled the plaque of the UAEU Science and Innovation Park, a-first-of-its-kind research hub and student innovation incubator in ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minster of the UAE and Ruler of Dubai will honour 45 Emirati pioneers and distinguished entities, taking part in the ‘Year of Reading’, at the 3rd edition of UAE Pioneers Award 2016, which will be held on November 28. The Award celebrates the pioneers’ important ...

  Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), hosted its second DSO Innovation Festival 2016. The event was hosted at Dubai Silicon Oasis in line with the UAE Innovation Week initiative announced in 2015 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The DSO Innovation ...

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is highlighting its new initiatives aimed at further enhancing the overall visitor experience and boosting green tourism practices, as part of the activities that are being held during UAE Innovation Week from November 20–26. Dubai Tourism has set up an exhibition stand at BOXPARK, the offbeat ...

  Dubai / Emirates Business The UAE is on track to becoming one of the most innovative countries in the world, says Freek Vermeulen, Term Associate Professor of Strategy and Entrepreneurship, London Business School. “In 2014, the UAE defined the very ambitious target to become one of the world’s most innovative countries in the world in just seven years,” says ...

  Abu Dhabi / Emirates Business His Highness Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development and Her Excellency Noura bint Mohammed Al Kaabi, Minister of State for Federal National Council Affairs, visited Etihad Innovation Week, as part of UAE Innovation Week. During a tour at Etihad Innovation Centre, the VIP dignitaries were shown the future ...

  Havana / WAM The UAE is keen to strengthen co-operation with the Republic of Cuba in areas such as trade and economy, investment and tourism, as the bilateral economic support will significantly benefit the people of both countries, said Sultan bin Saeed Al Mansouri, the UAE Minister of Economy. “We had the pleasure of exploring Havana and seeing the rich ...

  Abu Dhabi / WAM The Central Bank of the UAE said it had signed a memorandum of strategic partnership with the Emirates Identity Authority (EIA) in order to achieve common strategic objectives. The partnership also covers adoption of digital identity in electronic services provided by the UAE banks; sharing of knowledge, expertise and institutional experiences, and exchange of views and ...