ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, watched the final match of the UAE President’s Cup at the Mohamed bin Zayed Stadium in Abu Dhabi, on Friday. The final match was also watched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. His Highness ...
Read More »
NEW YORK / WAM The United Nations Security Council (UNSC) unanimously adopted on Friday a resolution drafted by the United Arab Emirates (UAE) and Japan, in their capacities as co-penholders on the Afghanistan file, that condemns the Taliban’s decision banning Afghan women from working for the UN in Afghanistan. The resolution was co-sponsored by more than 90 UN member states, ...
Read More »
ABU DHABI / WAMÂ The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) celebrated the World Veterinary Day 2023, which falls on the last Saturday of April every year. Adafsa held an event to showcase the role of veterinary medicine and celebrate national veterinary cadres, under the slogan “Promoting diversity, equity and inclusiveness in the veterinary profession”. Mariam Hareb Al ...
Read More »
ABU DHABI / WAMÂ Khalifa Economic Zones Abu Dhabi (Kezad Group), a wholly-owned subsidiary of AD Ports group, and Al Ghurair Foods, a world-leading manufacturer and supplier of high-quality food and part of Al Ghurair Investment, one of the largest diversified family business groups in the UAE, on Friday announced the signing of 50-year land lease agreements for three mega ...
Read More »
DUBAI / WAM  Dubai Financial Market (DFM) announced its consolidated financial results for the first quarter of the year ending on March 31 posting a 30% increase in its net profit to AED35.6 million, compared to AED27.5 million during the corresponding period of 2022. DFM’s total consolidated revenue has increased by 13% to AED88.9 million in Q1 of 2023, compared ...
Read More »
DUBAI / WAMÂ In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No 21 of 2023 appointing His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum as First Deputy Ruler of Dubai and His Highness Sheikh Ahmed bin Mohammed bin Rashid Al ...
Read More »
BLOOMBERG Intel Corp shares jumped after the embattled chipmaker promised a recovery in the second half, leading investors to look past a disappointing profit-margin forecast in the current quarter. The company predicted that gross margins — a closely watched measure — would begin to widen again in the back half of 2023. Intel is returning to full manufacturing capacity, and ...
Read More »
ABU DHABI / WAM Abu Dhabi-based manufacturer Monarch Holding and Chinese company EHang Holdings, a leading autonomous aerial vehicle (AAV) technology platform company, have signed a partnership agreement to establish the first facility in the Middle East and North Africa to manufacture and operate sustainable, electric-powered aircraft and drones for passengers and cargo transportation in Abu Dhabi. The announcement aligns ...
Read More »
ABU DHABI / WAM Borouge announced its financial results for the three-month period ending on March 31, with revenues of $1.38 billion and adjusted EBITDA of $460 million. The company’s value enhancement programme has already delivered a significant impact of more than $100 million in efficiencies and revenue optimisation. Hazeem Sultan Al Suwaidi, Chief Executive Officer of Borouge, commented, “We ...
Read More »
ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a letter to Macky Sall, President of the Republic of Senegal, which included an official invitation to COP28, which will be held in Dubai Expo City this November. The message was delivered by Sultan Ali Al Harbi, UAE ambassador to the Republic of Senegal, ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.