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 Dubai Courts has launched its Annual Report 2015, reflecting a significant improvement in the performance of the three courts; namely, First Instance, Appeal and Court of Cassation and a remarkable progress in Dubai Government’s Unified Customer Complaints’ Portal, smart transformation, and Emiratization. It also achieved the targets of its Operational Plan 2015 which aimed to ...

  Dubai / Emirates Business Al Najah Education Limited, a leading education investment company, has acquired a majority stake in Brooklyn Melodies Music Centre (BMMC), further expanding the firm’s education investment portfolio in the MENA and Southeast Asia regions, the key markets in which the company operates. As part of the deal, the two founding shareholders of BMMC will remain ...

  Dubai / Emirates Business UAE-based multinationals will start to feel the impact of the OECD Base Erosion and Profit Shifting (BEPS) proposals that come into effect this year, a KPMG seminar on international tax developments has revealed. The BEPS proposals are focused on mitigating tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits ...

  RITIKA SHARMA / Emirates Business Middle East, especially the UAE, is leading the world in the use of managed security services (or MSS) to protect networks from cyber threats. As the technology further evolves, IT companies in the country are taking a step further in their cyber security and embracing proactive threat-hunting, in which cyber defenders seek to stop ...

  Abu Dhabi / Emirates Business Smart Home Show, a unique event dedicated to promoting energy conservation in the emirate of Abu Dhabi, brought the curtains down on a highly successful second edition at Al Ain Convention Centre that drew thousands of visitors across a four-day run. Organized by Al Ain Distribution Company (AADC), the event received high interest from ...

  Sunaina Rana / Emirates Business Telecommunication is very vital for any company. Considering the same, honchos of the industry gathered at the SAMENA telecom Leaders’ summit 2016 and looked into various aspects needed to further strengthen the sector. SAMENA Council’s Telecom Leaders’ Summit 2016, which opened in Dubai, was a host to may dignitaries from Middle East, Africa, Asia ...

  Dubai / Emirates Business Ahead of the Middle East Hotel Awards (MEHA) 2016 this week (May 24), judges have revealed a 63% increase in entries.From hundreds of entries, judges noted particular increases in entrants from hotels in Saudi Arabia, Bahrain, Kuwait, Lebanon and Jordan. As many as 70 hotels and hotel suppliers have now been shortlisted across 24 award ...

  Abu Dhabi / Emirates Business Following an intensive evaluation process, the UAE Research Program for Rain Enhancement Science has shortlisted 15 of the most advanced pre-proposals from world-leading experts as part of the evaluation process of its ongoing second cycle. The research teams that made the cut belong to North America, Europe, the Middle East and Africa. The selected ...

  Reuters Energy giant Saudi Aramco is ready to supply up to 270,000 barrels per day (bpd) of crude oil to a refinery it will jointly upgrade with Indonesia’s Pertamina, chief executive of the Southeast Asia state-owned energy company said on Monday. Forecasting growing crude oil demand, Saudi Aramco is seeking to invest further in Indonesia’s refining and petrochemicals sector, ...

  Reuters Saudi Arabia has joined Turkey, Indonesia and the Jeddah-based Islamic Development Bank (IDB) as a prospective founder member of a new Islamic finance infrastructure bank, according to Indonesia’s finance minister. Speaking to Reuters on the sidelines of the annual IDB meeting of governors in Jakarta recently, Bambang Brodjonegoro said the four could contribute around $300 million each for ...