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

  AP After shuttering his lumber mill for nearly a month when it was surrounded by raging fires in northern Alberta, Northland Forest Products Ltd. President Howard Ewashko sees a silver lining: a pickup in business from rebuilding what was lost. “It certainly helps to have a solid market to sell into when you’ve gone through something like this,” Ewashko ...

  ABU DHABI / WAM Director of Foreign Trade and Export Support at the Abu Dhabi Department of Economic Development, Adeeb Al Afifi, said European countries accounted for 40.7 per cent of all foreign direct investment in the emirate of Abu Dhabi in 2014. He was speaking before representatives of the European Union, Abu Dhabi Quality and Conformity Council, the ...

  Stockholm / WAM The Swedish parliament on Saturday agreed to abolish a tax on nuclear power as it recognizes nuclear’s role in helping it to eventually achieve a goal of 100% renewable generation. Agneta Rising, Director General, World Nuclear Association, said, “It is excellent news that this tax will be removed, but it should never have been implemented in ...

DUBAI / WAM The UAE established a role in international efforts to combat humanitarian challenges, as well as having a strong presence in emergency and long-term humanitarian aid all around the world. In June 2014, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the UAE Water Aid ...

  GENEVA / WAM Acting Undersecretary at the Ministry of Human Resources and Emiratisation, Humaid Rashid bin Demas, said decent work and protecting workers’ well-being constitute a pillar for sustainable development in the UAE. He was speaking at a ministerial meeting of the Asia and the Pacific group of countries, held by the International Labour Organisation as part of the ...

  Abu Dhabi / WAM e-Dirham, the national e-payment system initiated by the UAE Ministry of Finance (MoF) in collaboration with National Bank of Abu Dhabi (NBAD), was conferred with the Special Merit Award for Government to Business and Customer (G2BC) Engagement at the Armani Hotel, Burj Khalifa, Dubai. The award was given by Terrapin Middle East, the organiser of the ...

  DUBAI / WAM Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, received the “Best Repair Yard” Award at the 7th ShipTek International Maritime Awards, organised by Marine BizTV International Maritime Awards, for the second time in a row. Dry-docks said, in a press release, that it continues to focus on the business ...

  Dubai / Emirates Business UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, dedicates the month of June to reward customers for their loyalty to the brand. As part of this, the brand launched ‘Customer Loyalty Month’, a month-long campaign to appreciate and thank customers for their continued patronage. Speaking on the occasion, PromothManghat, CEO, UAE ...

  SHARJAH / WAM The first session of Sharjah Media Centre’s fifth Ramadan Majlison Sunday at Al Majaz Amphitheatre, Sharjah, is set to begin on a high note with high-profile UAE figures including Noura Al Kaabi, UAE Minister of State for Federal National Council Affairs, and Khawla Al Mulla, Chairperson of Sharjah Consultative Council, leading the “Women Leading Excellence Dialogue”. ...

  Dubai / WAM Since the beginning of the year, the Ministry of Health and Prevention has issued 126 licenses for new medical and pharmaceutical facilities. The new facilities included 22 multi-speciality medical centres and clinics, 58 pharmacies, 37 medical warehouses, 6 medical offices and two pharmaceutical plants. Dr Amin Hussein Al Amiri, Assistant Undersecretary for Public Policy and Licensing Sector ...