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

  Rosh Haayin / AFP An Israeli firm says a super-efficient engine it has created could drastically reduce fuel consumption and help power an auto industry revolution as manufacturers search for environmentally sound alternatives. Industry analysts, however, question the reinvented internal combustion engine’s chances of success at a time when purely electric car technology is advancing and attracting investors. The ...

  Subang Jaya / AFP Collectors and music fans wearing the t-shirts of obscure rock bands brave the tropical heat outside a record store near Malaysia’s capital, waiting to get their hands on new cassette tapes. No, this isn’t a flashback to the 1980s, but an event marking recent International Cassette Store Day, an annual celebration of a music format ...

  ABYAN/ WAM The late Sheikh Zayed bin Sultan Al Nahyan laid a solid foundation for governance that led to remarkable socio-economic development and Mubadala is proud of being part of it, Group Chief Executive Officer and Managing Director of Mubadala, Khaldoon Khalifa Al Mubarak, has said. In his a statement during the golden jubilee of the Government of Abu ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a congratulatory cable to President Gurbanguly Berdimuhamedov of Turkmenistan on the occasion of the 25th Anniversary of his country’s Independence Day. Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed bin Zayed ...

  ABU DHABI / WAM The Abu Dhabi Investment Authority (ADIA) on Thursday announced the opening of an office in Hong Kong, marking its first on-the-ground presence in the territory. It also announced the appointment of Dong-Sinh Ngo as Chief Representative, Asia Pacific, based in Hong Kong. ADIA Hong Kong will act as a platform for ADIA to broaden and ...

  ABU DHABI / WAM The eighth edition of the International Real Estate and Investment Show (IREIS 2016) kicked off on Thursday, at the Abu Dhabi National Exhibition Centre (ADNEC). Drawing the participation of more than 125 exhibitors from 25 countries, as well as over 11,000 regular, private and institutional investors, end-users, developers, and real estate brokers, the three-day event ...

  Dubai / Emirates Business As travellers around the globe look to escape the winter cold for sun-filled holidays, Dubai Cruise Tourism has this month announced the official start of the 2016/2017 season. Following a successful 2015/2016 run, which saw passenger numbers grow by 19 per cent and ship calls increase by 24 per cent compared to the previous year, ...

  Dubai / WAM After the successful implementation of his Africa Initiative, the UAE Kimberley Process, KP, Chair, Ahmed bin Sulayem, visited the Russian Federation, the biggest exporter of rough diamonds in the world. As one of the founders of the KP in 2002, Russia is an active participant of the global initiative. It serves as the Chair of the Committee ...

  Dubai / WAM Emirates Post Group (EPG) is devoting greater attention to its core mail services in post offices, as well as innovative non-postal services, in light of the global trends of falling revenues from traditional postal streams. Over the past few years, EPG has introduced of a number of non-postal services at post offices, including payment of utility bills, Etisalat ...

  Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR) on Thursday launched the first ever Federal Reading Club, which is exclusive to federal government employees and aims to foster a culture of reading within the government sector. The Federal Reading Club will offer federal government employees the opportunity to become members and to enjoy an array of activities ...