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

  Dubai / WAM Jebel Ali Free Zone (Jafza) and Investe Sao Paulo, a Brazil-based investment promotion agency signed a memorandum of understanding (MoU) to leverage Dubai as a business promotion hub to reach countries and customers in the GCC, Northern Africa, Asia and more. Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World, and Chairman ...

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) confirmed that the ACWA Power and Harbin Electric consortium has begun construction of the 2,400 megawatt (MW) Hassyan clean coal power station, based on the Independent Power Producer (IPP) procurement model. The plant will be the first of its kind in the region and is fully-compliant with set international standards, ...

  Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum inaugurated the second phase of the Dubai Water Canal, a 12 kilometre waterway that connects Dubai Creek with the Arabian Gulf. The Dubai Water Canal project has been built at a cost of AED 3.7 billion. Crown ...

  Abu Dhabi / WAM Ways to promote relations between the UAE and Armenia, and regional and international issues of common concern were the focus of talks held on Wednesday between His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Armenian President Serzh Sargsyan, who is on ...

  Dubai / Emirates Business Danube Properties, UAE’s leading property developer, announced the launch of their new AED 400 million project ‘Miraclz’ located at Dubai’s Arjaan neighborhood close to Miracle Garden. The project was announced at a press conference held at the Danube Properties Headquarters, where the residential tower was unveiled by the Founder and Chairman of Danube Group, Rizwan ...

  Dubai / Emirates Business Joyalukkas is all set to open its first showroom in the USA. This will now be the 12th country to have the presence of the world’s favourite jeweller thereby giving Joyalukkas a truly global presence. The opening of the new Joyalukkas showroom in Hilcroft, Houston is a sparkling example of a well planned and successful ...

  Dubai / Emirates Business The first Investment Attraction Desk in the UAE was launched in Dubai on Wednesday during the ‘Invest in Italy 2016’ roadshow attended by Ivan Scalfarotto MP, Italian Secretary of State, International Trade & Investment Attraction and HE Liborio Stellino, Italian Ambassador to the UAE. The launch was successfully attended by more than 100 investors, businessmen ...

  Worried by the rise of populism in politics? Blame the central banks. Every populist politician in the world will go to bed tonight dreaming the dream after Donald Trump’s surprise victory in the U.S. presidential election. Every member of the so-called elite — however you choose to define that amorphous concept — needs to take a long, searching look ...

  President Obama should focus on three foreign policy challenges, post-election, to finish fights that began on his watch. These include setting rules for cyber behavior with Russia and other nations, pressing on toward Raqqa and the destruction of the Islamic State, and a “Hail Mary” effort to pass the Trans-Pacific Partnership (TPP) trade deal during the lame-duck session of ...

  The shipping industry accounts for more greenhouse gas emissions than airplanes, buses or trains. Yet it was not included in last year’s Paris accord — and an attempt last month to redress this failure manages to be both unambitious and impractical. The world’s 90,000 shipping vessels burn about five million barrels of petroleum products each day, and their emissions ...