The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg Domestic UK stocks have had a rough year. And with recession looming and the pound plunging, it’s hard to see how things will get better anytime soon for a new prime minister on that front. Britain’s mid-cap index — made up of companies that are heavily dependent on the local economy — is down 20% this year, on course ...
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September, 2022
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5 September
WGS, WHO to foster collaboration on future of healthcare globally
Dubai / WAM The World Government Summit (WGS) Organisation and the World Health Organisation (WHO), during a meeting held in Geneva, Switzerland, signed a memorandum of understanding (MoU) to further dialogue and partnerships on global health. The MoU, which builds on the positive impact of the WGS and WHO past collaborations in developing new solutions in health policies and ...
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5 September
Oil slumps as global energy demand outlook darkens
Bloomberg Oil falls this week as prospects for a global economic slowdown weighed heavily on the demand outlook. West Texas Intermediate futures dropped 6.7% for the week amid tightening monetary policy and renewed anti-virus lockdowns in China. Meanwhile, traders shrugged off an announcement by G-7 leaders of plans to cap the price of Russian crude in retaliation for Vladimir ...
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5 September
UAE adopts code of conduct for education professionals
ABU DHABI / WAM The UAE Ministry of Education approved the code of conduct for education professionals in general education to enhance the profession and establish clear and public ethical standards, rules, and principles of conduct for the educational process. The code of conduct aligns with the vision and mission of the Ministry of Education, to build an institutional ...
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5 September
Gulf Navigation completes its $2.7mn loan repayment
Dubai / WAM Gulf Navigation Holding PJSC (GULFNAV), the Dubai Financial Market listed maritime and shipping company, announced successfully completing the full repayment of a loan for one of its vessels. The $2.7 million loan was financed by “Rasmala†with an interest rate of 12%. Thus, after the mortgage has been released, the full proceeds of this vessel will ...
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5 September
Abu Dhabi, Bulgaria discuss ways to enhance investment cooperation
Abu Dhabi / WAM The UAE-Bulgarian Business Forum, organised by Abu Dhabi Chamber of Commerce and Industry (ADCCI), concluded its activities which were held in Abu Dhabi. The forum emphasised the importance of enhancing bilateral relations, and setting new strategic frameworks that drive economic partnerships by stimulating investment in a number of vital sectors. The forum was held in ...
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5 September
DGHR, SAP partner to develop Emirati talent
Dubai / WAM A cohort of 30 Emirati university graduates have passed a rigorous selection process to embark on a training course that will set them up for long-term career success in the fast-paced world of cloud computing, thanks to a collaborative initiative between the Dubai Government Human Resources Department (DGHR) and the global technology company SAP. The programme ...
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5 September
Dubai’s RTA signs deal with Capital Express
Dubai / WAM Dubai’s Roads and Transport Authority (RTA) signed an agreement with Capital Express for Rapid Intercity to transport passengers between Dubai and Abu Dhabi International Airport (Terminals 1,2,3). The service will connect Abu Dhabi International Airport with Dubai’s Ibn Battuta Bus Station on an Express Bus Route. Currently, this service is only dedicated for passengers flying Wizz ...
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5 September
UAE, Bulgaria non-oil trade up 40% to AED 444.4m in H1 ’22
Abu Dhabi / WAM The UAE-Bulgarian Business Forum, organised by Abu Dhabi Chamber of Commerce and Industry (ADCCI), concluded its activities which were held in Abu Dhabi. The forum emphasised the importance of enhancing bilateral relations, and setting new strategic frameworks that drive economic partnerships by stimulating investment in a number of vital sectors. The forum was held in ...
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5 September
DGHR, SAP collaborate to develop Emirati talent
DUBAI / WAM A cohort of 30 Emirati university graduates have passed a rigorous selection process to embark on a training course that will set them up for long-term career success in the fast-paced world of cloud computing, thanks to a collaborative initiative between the Dubai Government Human Resources Department (DGHR) and the global technology company SAP. The programme ...
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