BLOOMBERG Chinese property stocks tumbled to close at the lowest level in 14-years, as weak home sales and rising debt woes for major developers deepened. A Bloomberg Intelligence gauge of developer shares fell 2.5% on Wednesday, with China Evergrande Group and Times China Holdings Ltd leading the decline. The gauge has plunged 44% so far this year, outpacing major benchmarks …
Read More »
BEIJING/WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah attended the official opening of the Third Belt and Road Forum for International Cooperation at the Great Hall of the People in the Chinese capital, Beijing. Held under the theme ‘High-quality …
Read More »
ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a telephone call on Wednesday from His Excellency António Guterres, Secretary-General of the United Nations. During the call, they discussed the urgent need to implement measures that prevent further deterioration of the humanitarian situation in the Gaza Strip. The conversation emphasised intensifying diplomatic efforts to open critical humanitarian corridors and …
Read More »
ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received a written message from Frank-Walter Steinmeier, President of Germany, inviting His Highness to make a state visit to Germany to strengthen the relations between the two friendly countries. The message was received by Dr. Anwar Gargash, Diplomatic Adviser to the UAE President, as he received Alexander Schönfelder, the …
Read More »
ABU DHABI/ GULF TIME Art therapy, alongside music, drama, dance, and movement therapy, offers the invaluable advantage of expression without words. The MENA region’s pioneering Art Therapy Conference, themed “Empowering through Creativity,” launched its inaugural edition in Abu Dhabi with a spotlight on art’s transformative influence on trauma. The conference, organized by the Abu Dhabi Center for Sheltering and Humanitarian …
Read More »
ABU DHABI/ GULF TIME Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Edrafor Emirates LLC as the enabling work contractor for Casares, phase three of the fully integrated and all-inclusive residential community, Bloom Living. Scheduled to be completed in Q1 2026, all of Casares’ units that range from two-and three-bedroom townhouses, are …
Read More »
BLOOMBERG Rolls-Royce Holdings Plc plans to eliminate as many as 2,500 positions worldwide and will streamline operations, enacting the deepest job cuts yet under Chief Executive Officer Tufan Erginbilgic. The reductions will target 2,000 to 2,500 employees, or about 6% of the global staff, the company said in a regulatory statement, confirming reports of job losses. As part of the …
Read More »
SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, directed the Sharjah Electricity, Water and Gas Authority (SEWA) to treat the children of female citizens like citizens on scholarships, who currently number 72 male and female students, and to return the amounts paid to those who paid them, through the Amiri …
Read More »
FUJAIRAH / WAM HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, received at Al Rumaila Palace, Dr Jamal Sanad Al-Suwaidi, Deputy Chairman of the Board of Trustees of the Emirates Centre for Strategic Studies & Research (ECSSR) and received a copy of his new book entitled “President His Highness Sheikh Mohamed bin Zayed Al …
Read More »
ABU DHABI / WAM Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative foreign direct investment from the United Arab Emirates to Turkiye has surged to $5.6 billion (AED20.6 billion) from 2002 through August 2023. Speaking exclusively to the Emirates News Agency (WAM) during the eighth edition of the World Investment Forum in …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.