SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, opened the highly anticipated 14th annual Sharjah Children’s Reading Festival (SCRF 2023) on Wednesday. The region’s largest festival of its kind dedicated to stimulate creativity in young minds and bring them closer to books, runs for 12 days until May 14 ...
Read More »
Dubai / WAM Tecom group PJSC, (the group), the creator of specialised business districts and vibrant communities, on Wednesday announced its financial results for its fiscal 2023 first quarter ended on March 31. The group delivered a strong financial and operational performance, reporting a 6% year-on-year (YoY) increase in revenues to AED514 million and a 34% YoY increase in net ...
Read More »
ABU DHABI / WAM Edge, one of the world’s leading and fastest-growing advanced technology and defence groups, will be participating for the first time at Defea 2023, which will take place in Athens, Greece, from May 9-11. The group will showcase its diverse product portfolio, with a clear focus on autonomous systems and smart weapons, highlighting Edge’s technologically advanced defence ...
Read More »
ABU DHABI / WAM The UAE has climbed five places in the annual United Nations’ Technology and Innovation Report, which ranks countries according to their readiness to use, adopt and adapt a range of frontier advanced technologies with a focus on green innovation. The UAE was ranked 37th in the 2023 edition, titled ‘Opening green windows: Technological opportunities for a ...
Read More »
WASHINGTON / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led a UAE delegation of government officials, business leaders and investors to the SelectUSA Investment Summit, the largest event in the US for the promotion of foreign direct investment. At the event, which was held in Maryland, the delegation engaged with corporate leaders, industry ...
Read More »
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, directed the support of Sudanese people stranded in the country due to the ongoing conflict in Sudan, and providing their needs. His Highness Sheikh Mohammed directed the immediate support and follow-up of the Sudanese people stranded in ...
Read More »
ABU DHABI / WAMÂ Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, the 12th Annual Investment Meeting (AIM Global 2023) will commence on May 8. With the support of strategic partners the Ministry of Industry and Advanced Technology and the Abu ...
Read More »
BLOOMBERG US futures and European stocks advanced, bouncing from losses, ahead of a Federal Reserve meeting at which policymakers are expected to extend their rate-hike cycle. Contracts on the S&P 500 and the Dow were higher, after underlying stocks slid in the prior session. Regional US lenders PacWest Bancorp and Western Alliance Bancorp fell in premarket trading, adding to the ...
Read More »
BLOOMBERG Investors have added almost $600 million to bets that an emerging-market index dominated by Chinese stocks will lose money. Short selling of the $71 billion Vanguard FTSE Emerging Markets exchange traded fund (ETF), which tracks an index heavy on Chinese A shares, surged in the past six weeks to $1.12 billion, or 1.6% of the fund, according to IHS ...
Read More »
ABU DHABI / WAM Aldar Properties has announced a series of achievements and strategic initiatives in its latest quarterly report. The company’s strong performance was driven by increased demand from both international and resident expat buyers, with record quarterly development sales of AED4.5 billion. Aldar’s development revenue backlog also hit an all-time high of AED18.8 billion, which provides visibility over ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.