ABU DHABI / WAM Abu Dhabi Catalyst Partners (ADCP), a joint venture between Mubadala Capital and Alpha Wave Global, has made a strategic investment in Measa Partners Ltd, an Abu Dhabi-based investment company founded by Al Maskari Holding to attract global institutional investors to participate in the Middle East — Africa —Southern Asia (Measa) growth story. ADCP’s equity investment is ...
Read More »
ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday visited SeaWorld Yas Island, Abu Dhabi, the first marine life theme park in the Middle East and the first SeaWorld park outside the United States. During the visit, His Highness Sheikh Mohammed bin Rashid ...
Read More »
VIENNA / WAM The United Arab Emirates signed a finalised air transport services agreement with the Republic of Austria at the Ministry of Foreign Affairs in the capital, Vienna. The agreement, which aims to strengthen air transport relations between the two countries, was signed on behalf of the UAE by Hamad Al Kaabi, UAE ambassador to the Republic of Austria, ...
Read More »
DUBAI / WAM In implementation of a UAE cabinet resolution, the pool of private sector establishments subject to Emiratisation targets will be expanded to include companies and individual establishments with 20 to 49 employees in specific economic activities, the Ministry of Human Resources and Emiratisation (MoHRE) announced. The decision aims to increase the number of Emiratis employed in targeted establishments ...
Read More »
DUBAI / WAM Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (Measa) region, on Tuesday announced it is the first financial centre in the region to enter into an agreement with the Alternative Investment Management Association (Aima), the alternative investment industry’s pre-eminent voice globally, representing over 2,100 corporate members with ...
Read More »
SEOUL / WAM Abdullah bin Touq Al Marri, Minister of Economy, led the UAE delegation on a visit to Samsung’s headquarters in the Republic of Korea to learn about the company’s future expansion and investment plans and strengthen its partnership with the UAE market. The minister was received by Oh-Hyun Kwon, CEO and Vice President of Samsung Electronics. The UAE ...
Read More »
SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) held a press conference to reveal the details of the 7th edition of the Al Dhaid Date Festival. The conference, held at the Al Dhaid Expo Centre, was attended by strategic partners from government departments and institutions. During the conference, Mohamed Ahmed Amin Al Awadi, Director-General, SCCI, emphasised that ...
Read More »
HIRSHABELLE / WAM The Emirates Red Crescent (ERC) has intensified its humanitarian efforts to support those affected by the floods that hit the Beledweyne area of Hirshabelle, Somalia. In collaboration with relevant authorities in the state, the ERC, through its office in Mogadishu, provided urgent and diverse relief assistance to thousands of affected families suffering after the devastating floods. The ...
Read More »
ABU DHABI / WAM The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, has set Emiratisation targets “Tawteen†for all healthcare facilities operating in Abu Dhabi to provide 5,000 new job opportunities for UAE nationals until the end of the year 2025. DoH called on all healthcare facilities in the emirate to ...
Read More »
ABU DHABI / WAM The UAE ranked seventh in the world in terms of per capita national income, according to the latest data released by the World Bank. The per capita income in the UAE, based on purchasing power parity (PPP) in current international dollars, rose to Int$87,729 in July 2022, an increase of Int$10,781 from 2021. The international dollar ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.