The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) has announced the details of the second mission of the UAE Astronaut Programme. The SpaceX Dragon spacecraft, named Endeavour, atop a Falcon 9 rocket, will carry the UAE astronaut and Mission Specialist Sultan Al Neyadi, along with two Nasa astronauts, Mission Commander Stephen Bowen, and Pilot Warren Hoburg, and Roscosmos ...
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January, 2023
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26 January
Emirates Islamic profit rises 51% to AED1.24bn in 2022
Dubai / WAM Emirates Islamic reported a net profit of AED 1.24 billion in 2022, a 51% increase from the previous year. The bank’s strong performance was driven by higher funded and non-funded income, coupled with a reduction in cost of risk. The bank also reported a 36% increase in operating profit and a 15% increase in total assets ...
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26 January
Record number of countries to take part in Arab Health 2023
Dubai / WAM Arab Health, the Middle East’s largest healthcare exhibition and congress, will be held in Dubai from January 30 to February 2 at the Dubai World Trade Centre. The exhibition will host more than 45 country pavilions, including, for the first time New Zealand, Singapore, Tunisia, Indonesia and Estonia. With more than 3,000 exhibitors taking part, there ...
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26 January
Indian jewellery brand Tanishq opens seventh boutique in UAE
Dubai / Gulf Time Tanishq, India’s most-loved jewellery brand from the Tata group, has opened its 7th boutique in the UAE. The new store at Dubai Silicon Oasis (DSO) was inaugurated by Kuruvilla Markose, CEO, International Business Division—Titan Company Limited. Conveniently located in Silicon Central, the beautifully designed 2300 square-foot store houses an exquisite range of gold and diamond ...
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26 January
Dubai South, Bright Capital Investment sign deal
Dubai / WAM Dubai South announced the signing of an agreement with Bright Capital Investment, a school operator and investment company seeking to create one of the largest educational platforms in the UAE, to lease and operate a premium-quality, affordable British School in the thriving Dubai South Residential District, alongside Expo Road and in proximity to Expo City Dubai ...
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26 January
Over 4,200 new companies set up base at Rakez in 2022
Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez) welcomed over 4,200 new companies to its business community in 2022, recording 18% growth compared to 2021. Commenting on this economic growth, Rakez group CEO Ramy Jallad said, “The latest numbers indicate how far we have come with our commitment to position the emirate of Ras Al Khaimah as ...
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26 January
US reversal on M 1 Abrams tanks underscores focus on Nato’s unity
Bloomberg As recently as last week, US officials insisted the M1 Abrams tank was a bad fit for Ukraine. Yet on Wednesday, President Joe Biden reversed course and offered 31 of them, saying the 70-ton vehicle would “enhance Ukraine’s capacity to defend its territory.†The switch shows how, nearly a year into Russia’s war, keeping Nato unified remains paramount among ...
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26 January
India police detain students over BBC film on Modi
Bloomberg Indian authorities detained several students in the national capital as they thwarted their plans to organize a screening of a banned BBC documentary about the 2002 Gujarat riots and Prime Minister Narendra Modi’s role in the violence. Police on Wednesday detained about 70 students of Jamia Milia Islamia University who wanted to screen the documentary India: The Modi ...
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26 January
Beijing accuses top US official in Hong Kong of vilifying China
Bloomberg China’s foreign ministry accused the top US official in Hong Kong of discrediting the city’s business reputation after he warned of diminishing confidence in its rule of law, the latest sign of frayed relations over the troubled Asian financial hub. Gregory May, who took over as US consul general in September, warned that companies in Hong Kong face ...
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26 January
Boeing reports quarterly loss as high costs hamper recovery
Bloomberg Boeing Co reported a surprise loss to end 2022 — its sixth straight money-losing quarter — as higher costs slowed the planemaker’s recovery even though a late flurry of jet deliveries drove a surge in cash. Adjusted earnings were negative $1.75 a share in the last three months, the Arlington, Virginia-based company said in a statement. Revenue was about ...
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