CAIRO / WAM The United Arab Emirates (UAE) participated in an extraordinary meeting of the Arab League Council regarding Palestine, which was held in Cairo, Egypt. Mariam Khalifa Al Kaabi, UAE Ambassador to the Arab Republic of Egypt and Permanent Representative to the Arab League, headed the UAE delegation. In her speech at the Arab League headquarters, Ambassador Al Kaabi ...
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Saif bin Zayed inaugurates 6th session of UMEX/SimTEX 2024
ABU DHABI / WAM Under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, inaugurated the 6th session of the UMEX and SimTEX exhibitions (2024). The exhibitions will run from 23 till 25 January, with participation of 214 companies from ...
Read More »On behalf of UAE President, Shakhboot bin Nahyan heads delegation to Third South Summit of the Group of 77 and China in Uganda
KAMPALA / WAM On behalf of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, headed the UAE delegation to the Third South Summit of the Group of 77 and China, which was inaugurated by Yoweri Museveni, President of the Republic of Uganda. The summit, under the theme ‘Leaving No One ...
Read More »India tops as fourth largest stock market
BLOOMBERG India’s stock market capitalization has overtaken Hong Kong’s for the first time as the South Asian nation’s growth prospects and policy reforms make it an investor darling while global capital pours out of China. The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, versus $4.29 trillion for Hong Kong, according to data ...
Read More »Stocks waver with earnings center stage; yen, euro gain
BLOOMBERG European stocks and US equity futures kept to small ranges as investors parsed the latest corporate earnings for insights on the state of the global economy and the impact of supply chain pressures. Rallying miners supported Europe’s Stoxx 600 index as optimism over demand from China pushed iron ore prices higher. Energy stocks rose as crude oil held gains ...
Read More »Hazar Haute Couture set to unveil Autumn-Winter 2024 Bridal Collection in exclusive Trunk Show
DUBAI/ GULF TIME Hazar Haute Couture, the bridalwear brand synonymous with timeless elegance and meticulous craftsmanship, is set to unveil its Autumn-Winter 2024 Bridal Collection, aptly named The Golden Era. The grand reveal will take place at the Hazar Haute Couture Trunk Show on Friday, 19th January 2024. The Golden Era is Hazar’s ode to a new beginning in bridal ...
Read More »DFSK launches the Fengon SUV range for the first time in the UAE powered by Green Motors
DUBAI/ GULF TIME Green Motors, the sole authorized dealer of DFSK introduces a wide range of FENGON SUV cars for the first time in the UAE. The Fengon range of cars were unveiled at the Green Motors showroom in Dubai boasting of rich intelligent configurations powered by DFSK car technology designed to provide you convenience and agility embedded with optimum ...
Read More »ADIB net profit jumps 45% to AED5.25 bn in 2023
ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB) reported a growth in net profit of 45 percent for 2023 to AED5.25 billion from AED3.62 billion in 2022, reflecting a consistent trend of strong growth. Net profit for Q4 2023 reached AED1.5 billion with 29 percent growth versus Q4 2022. In a statement ADIB stated that revenue for 2023 improved by ...
Read More »Khaled bin Mohamed bin Zayed visits Al Hosn Festival
ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has visited Al Hosn Festival, organised by the Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) from January 19-28 at the historic Al Hosn site. During the visit, His Highness toured handicraft ...
Read More »GM to bring GMC trucks to China to help boost firm’s ‘flagging fortunes’
BLOOMBERG General Motors Co plans to brings its GMC truck brand to China to help boost the automaker’s flagging fortunes in the world’s largest car market. Sales of its Yukon large SUV will begin there this year, followed by GMC’s expansion to Australia and New Zealand in 2025, GM said in a statement. China remains a critical market for automakers, ...
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