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 Sumansa Exhibitions’ flagship event, Indian Property Show, the biggest Indian realty exhibition in Dubai opened its 18th edition on Thursday at Za’abeel Hall 5, Dubai World Trade Centre. Showcasing 150 real estate developers, over 40,000 properties and more than 500 projects, the participating companies are offering attractive deals, discounts and plethora of wide-ranging properties to ...

  DUBAI / Emirates Business HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) announced that DEWA will launch Concentrated Solar Power (CSP) projects that will generate 1,000MW by 2030, to carry out the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler ...

  Dubai / WAM The Dubai Gold and Commodities Exchange (DGCX) witnessed a strong upswing across its precious metals, hydrocarbon and equities segments trading during May. The exchange recorded an aggregate of 1.5 million contracts in May, growing 55 percent from last year, while Year-to-Date (YTD) volumes saw an increase of 47 percent from last year, trading over 7.7 million contracts so ...

  Dubai / Emirates Business The Ministry of Climate Change and Environment (MCCE) held a workshop to prepare a national plan for the protection of sharks. The workshop is part of a larger national strategy that aims to protect biodiversity and achieve the objectives related to developing and implementing programs that sustainably manage endangered marine resources. Attendees discussed the proposed goals, ...

  Dubai / Emirates Business Three of the maritime industry’s most respected global professional bodies have announced their commitment to September’s Maritime Academic Conference and Expo in Dubai, demonstrating the priority they are giving to regional education and training needs. The Nautical Institute, the Institute of Marine Engineering Science and Technology and the Royal Institution of Naval Architects have confirmed ...

  Dubai / WAM Emirates SkyCargo is strengthening its footprint in the Far East and Indian Subcontinent with the launch of a new weekly freighter service from Hong Kong to Dubai via Delhi. The weekly service, which began on Wednesday, will tap the increasing cargo movements between Hong Kong, the world’s top cargo hub, and Delhi, India’s busiest cargo hub. Some ...

  Dubai / Emirates Business The Ministry of Health and Prevention has signed a Memorandum of Understanding (MoU) to improve diabetes awareness and care for patients in the UAE with Sanofi. The announcement is an initiative aimed at improving physicians and nurses’ capabilities in providing standardized treatment for diabetes patients, and enhancing prevention and awareness among healthy individuals in society ...

  Berlin / AFP Turkey on Thursday recalled its envoy to Germany and threatened consequences, in a furious reaction over the Bundestag’s decision to adopt a resolution recognising the World War I massacre of Armenians by Ottoman forces as genocide. Only one MP voted against and another abstained, as the German parliament approved overwhelmingly by a show of hands the resolution ...

  London / AFP ABBA star Bjorn Ulvaeus and Arsenal manager Arsene Wenger were among 140 European celebrities who signed a “love letter to the British people” on Thursday, hoping they will stay in the EU. The letter, also signed by Dutch film director Paul Verhoeven, French former Liverpool manager Gerard Houllier and French-American actress Julie Delpy, comes with exactly ...

  Brussels / AFP European Council President Donald Tusk urged Europeans to abandon dreams of a federal Europe as these will only stoke the rise of anti-EU populists. The former Polish prime minister, who presides over EU leaders summits, made the comments three weeks before Britain votes in a June 23 referendum on EU membership. “There is no worse prospect ...