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

  Dubai / WAM The Emirates Post Group recently welcomed a delegation from Oman Post at its head office in Dubai and briefed them on best practices in postal operations and mail sorting systems. The delegation was welcomed by Acting CEO of Emirates Post Group, Abdullah Mohammed Al Ashram. The Oman Post delegation included CEO of Oman Post, Abdul Malik bin ...

  Brussels / WAM The 25th European Union-Gulf Cooperation Council Ministerial Meeting ended with a firm determination to expand and strengthen bilateral political, economic, cultural and social cooperation and relations. “In a challenging regional environment, the EU and GCC Ministers underlined the importance of further strengthening their ties, to serve as a solid and effective foundation for sustainable regional and international ...

  DUBAI / EMIRATES BUSINESS Dubai Land Department’s (DLD) Transactions Report, issued by Real Estate Research and Studies Department, announced that the total amount of real estate transactions recorded in the Emirate in the first six months of the current year reached a total of AED 113 billion, achieved through 28,251 sales, mortgages and other transactions. The report reveals that property ...

  Abu Dhabi / Emirates Business A UAE delegation headed by the Ministry of Economy is currently participating in the 14th United Nations Conference on Trade and Development (UNCTAD 14) which officially launched in the Kenyan capital of Nairobi under the theme ‘From decision to action: Moving towards an inclusive and equitable global economic environment for trade and development.’ The ...

  DUBAI / WAM Continuing its local and global successes, Emirates Central Cooling Systems Corporation, Empower, the world’s largest district cooling services provider, signed a contract with Nakheel to provide district cooling services to Jumeirah Village Circle and Jumeirah Village Triangle, with a total value of AED1.8 billion. Empower will build up to 6 cooling plants in the two locations, ...

  ABU DHABI / Emirates Business The Arab Brazilian Chamber of Commerce noted thriving trade between Brazil and the Arab World as attested to by the impressive numbers issued by the organization covering Brazilian exports to Arab countries during the first half of 2016. These positive numbers reflect the great strides that companies across various sectors are making towards strengthening ...

  DUBAI / WAM Dubai has a huge opportunity to boost growing real estate investment from Chinese investors in the wake of Britain’s decision to leave the EU, developers and property marketers have been told. Uncertainty in Europe following the Brexit vote could attract a new wave of Chinese investment in Dubai based on the Emirate’s offer of quality new ...

  Ankara / AFP Turkish Prime Minister Binali Yildirim on Tuesday warned against exacting revenge on supporters of the failed coup, as Ankara arrested top generals in a relentless crackdown that has sparked global alarm. Erdogan has denounced the coup bid, which left more than 300 dead on all sides, as a treacherous bid to oust him from power devised ...

  Beijing / AFP Chinese people who blame Washington for an international tribunal’s dismissal of Beijing’s maritime claims have called for a boycott of Kentucky Fried Chicken (KFC) in protests outside branches in 11 cities, reports said. Crowds gathered to wave placards and shout anti-US slogans outside restaurants stretching from the northern province of Hebei to Hunan province, some 1,600 ...

  Manila / AFP Manila has rejected Beijing’s demand that it “disregard” an international ruling that invalidated the Asian giant’s claims to much of the South China Sea before negotiating on the issue, the Philippines’ foreign secretary said on Tuesday. China last week denounced a UN-backed tribunal’s finding that there was no legal basis for its claims to most of ...