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

  DUBAI / Emirates Business Marking its third anniversary, the Middle East’s first and largest car buying service is celebrating with three new locations within the United Arab Emirates. Since the UAE has one of the highest automobile turnover rates in the region, it is the ideal location to add to the existing current four locations in Abu Dhabi and ...

  DUBAI / Emirates Business Gargash Enterprises, the authorized general distributor of Mercedes-Benz in Dubai, Sharjah & Northern Emirates, reaffirms its social commitment yet again by introducing ‘Score for Charity’, a first-of-its-kind initiative in the region. In a unique collaboration with Al Ahli Football Club, Gargash Enterprises has announced a contribution of AED 1,000 for each goal scored by Al ...

  DUBAI / Emirates Business Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions has announced the availability of the Ansible Tower App for Splunk, an application that integrates Ansible Tower by Red Hat with Splunk® Enterprise and Splunk Cloud. The application brings the power and variety of Splunk analytics queries to Ansible Tower automation, and ...

  DUBAI / Emirates Business A new season of Abu Dhabi Classics presented by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) begins this week with the first visit to the emirate by The West Australian Symphony Orchestra (WASO) for a night dedicated to 19th Century German composer Richard Wagner. The concert on Thursday, October 6 at Emirates Palace ...

  Reuters Iran’s total crude oil and condensate sales likely reached around 2.8 million barrels per day in September, two sources with knowledge of the matter said, nearly matching a 2011 peak in shipments before sanctions were imposed on the OPEC producer. The run-up from shipments of around 2.5 million bpd in August comes mainly from condensate, a light oil ...

  Reuters Egyptian billionaire Naguib Sawiris’ OTMT said on Monday failure to resolve a dispute with the financial regulator had hit business and stymied growth, and the holding company would call a board meeting to discuss how to proceed. The dispute emerged six months ago and centres on breaches the Egyptian Financial Supervisory Authority (EFSA) says were involved in the ...

  Reuters State-controlled utility Saudi Electricity Co said on Monday that its executive committee had agreed to invite private investors to participate in creating an additional 5,400 megawatts of generating capacity. The projects may be executed in phases, Saudi Electricity said without giving details. Saudi Arabia’s economic reform plans, announced this year, focus on saving the government money by introducing ...

  Bloomberg Oil climbed to the highest level in three months in New York as traders continued to assess last week’s change in OPEC policy. U.S. crude futures rose as much as 1.3 percent after advancing 8.5 percent last week. While OPEC outlined an accord to reduce production by as much as 750,000 barrels a day, its third-largest member Iran ...

  Reuters Qatargas, the world’s largest LNG producer, will start operations at its new Ras Laffan 2 condensate splitter by the end of this month, doubling the Gulf state’s capacity to process condensate, two sources with knowledge of the matter said on Monday. The 146,000 barrel per day (bpd) facility had been due to open in September but was delayed ...

  Bloomberg Google has repackaged its cloud services and corporate software and hardware offerings into a new unit called Google Cloud, the internet search provider’s latest attempt to catch leaders in the sector Amazon.com Inc. and Microsoft Corp. The new group, run by Google executive Diane Greene, includes web-based work software such as Docs and Sheets, machine-learning and digital-mapping tools ...