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

  ABU DHABI / WAM In an era of unpredictable oil prices, producers who focus on efficiency, value creation, commerciality and excellence will be successful, said Dr Sultan Ahmed Al Jaber, the UAE Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC) in his keynote speech at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) ...

  Al Ain / WAM The UK-UAE Year of Culture 2017 was inaugurated in a star-studded ceremony at the historic Jahili Fort in the UAE’s inland oasis-city of Al Ain on Monday evening in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, His Royal Highness Prince Charles, ...

  DUBAI / Emirates Business Emirates NBD, a leading bank in the region, launched the Emirates NBD GlobalCash card, a multi-currency travel card in partnership with Mastercard, a leading technology company in the global payments industry, making it the first UAE bank to offer this service to its customers. Powered by Mastercard Prepaid Management Services, the Emirates NBD GlobalCash card ...

  Dubai / WAM Italy, in a letter from the country’s Prime Minister Matteo Renzi, has confirmed its participation in Expo 2020 Dubai. The confirmation came after a meeting between HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee and Chairman of Dubai Airports and Emirates Airline, and Maurizio Martina, Italian Minister for Agricultural, Food ...

DUBAI / Emirates Business DAMAC Properties Dubai Co. PJSC (DFM: DAMAC), a leading developer of high-end property in the Middle East, on Monday announced the financial results for the nine months ending September 30. During the first nine months of 2016, DAMAC recorded revenues of AED 5.12 billion. Gross profit margin stood at 57%. Net profit for the reporting period ...

  Dubai / Emirates Business Smart Dubai Office (SDO), the government entity officially in charge with facilitating Dubai’s smart transformation, has recognized the sponsors and government participants of its pavilion during the 36th GITEX Technology Week 2016. This year’s SDO-hosted 3,800-square-metre pavilion showcased innovative electronic and smart services being provided by 56 government and private entities, as well as other ...

  Dubai / Emirates Business Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum launched an AED1.3 billion Comprehensive Development Plan for Hatta area in the emirate of Dubai on Monday. The plan aims to boost the area’s social and economic attractiveness as a world-class environmental tourist destination. It will cover ...

  Dubai / Emirates Business Dubai is a global leader in using digital initiatives to deliver Smart City projects, the CEO of the world’s leading provider of enterprise application software, shared during his recent UAE visit. “Data is the currency of the 21st century – everything revolves around it. The insights we gather will help us shape a vision for ...

  Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is preparing to welcome 600,000 Chinese visitors to the emirate by 2021, tapping into the potential of a major market that promises significant future growth prospects. HE Saif Saeed Ghobash, Director General of TCA Abu Dhabi, explained that China is a major international source market ...

  Dubai / Emirates Business The 2016 editions of Gulfood Manufacturing, the Speciality Food Festival, SEAFEX and the newly-named Yummex Middle East – running at Dubai World Trade Centre (DWTC) until November 9- were inaugurated on Monday by His Excellency Dr Rashid bin Ahmed bin Fahad, UAE Minister of State, accompanied by a number of leading UAE business chiefs and ...