News

DUBAI / GULF TIME HUAWEI AppGallery marks its successful partnership with Yalla Ludo, the region’s leading mobile board game app for Ludo and Domino enthusiasts, with a spectacular lightshow on the iconic Burj Khalifa. This celebration sets a new benchmark in mobile gaming and e-sports, highlighting their shared commitment to innovation and excellence. The lightshow underscores the dynamic collaboration between ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Andry Nirina Rajoelina of Madagascar on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, ...

ABU DHABI / WAM The Ministry of Finance, has successfully closed its offering of a US dollar-denominated 10-year $1.50 billion bond, maturing in July 2034. Issued with a yield of 4.857 percent, the bond represents a spread of 60 basis points over US Treasuries. The bond will be listed on the London Stock Exchange (LSE) and Nasdaq Dubai. The bond ...

DUBAI / WAM Dubai Chambers has announced details of the agenda for the Dubai Business Forum – China, which will take place in Beijing from August 21 to 22. The first international edition of the Dubai Business Forum coincides with the 40th anniversary of diplomatic ties between the UAE and China. Held under the theme “China, Dubai and Beyond: Igniting ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, issued Executive Council Decision No. 40 of 2024 appointing Ahmed Hassan Saleh Hassan Mahboub as the CEO of the Corporate Administrative Support Services Sector at the Roads and Transport Authority in Dubai (RTA). The decision is ...

DUBAI / WAM Dubai Airports, the operator of Dubai International (DXB) and Al Maktoum International Airport (DWC), has revealed the results of its Material Requirement Planning (MRP) tool, powered by artificial intelligence and machine learning, which transformed behind-the-scenes supply management operations. This innovative approach has enhanced service levels, streamlined inventory management, and boosted operational efficiency across the organisation, contributing to ...

ABU DHABI / WAM Etihad Cargo, the cargo and logistics arm of Etihad Airways, has expanded its partnership with China’s SF Airlines to increase the frequency of flights between their mega hubs, Abu Dhabi and Ezhou. Etihad Cargo and SF Airlines will also launch a new freighter service between Shenzhen and Abu Dhabi to boost cargo connectivity and capacity between ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, met with local dignitaries, heads of government entities, investors and businessmen at his weekly Majlis at the Union House in Dubai. The meeting was held in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler ...

HELSINKI / WAM Investor expectations for the European Central Bank (ECB) to loosen monetary policy twice more this year — and bring borrowing costs to as low as 2.25 percent in 2025 — are fair, according to Governing Council member Olli Rehn. In some of the most explicit remarks from an ECB policymaker on the path for interest rates, the ...

SINGAPORE / WAM Asian stocks stuttered in choppy trade on Wednesday as markets braced for a key US inflation reading, Reuters reported. Meanwhile, the yen lurked just shy of 160 per dollar level, keeping traders on alert for another round of intervention by Japanese authorities. Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term US ...