The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the Union General Budget Plan for the fiscal year 2025. The budget totals AED71.5 billion in revenues and AED71.5 billion in estimated expenditures, maintaining a balanced approach between income ...
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October, 2024
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8 October
Ittihad International Investment receives provisional ‘AAA’ ESG Rating from MSCI
ABU DHABI / GULF TIME Ittihad International Investment LLC, a leading diversified investment conglomerate with a portfolio across four verticals, has received a provisional ‘AAA’ ESG rating from MSCI. This highest rating positions the Company among the most sustainable industrial conglomerates, regionally and globally. Ittihad’s portfolio spans four key verticals: Consumer Goods Manufacturing, including paper and tissue production, as well ...
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8 October
Binghatti Properties aims to double its project portfolio to AED100bn in 18 months
DUBAI/GULF TIME Leading Dubai developer Binghatti Properties is embarking on a portfolio expansion that will almost double the size of its portfolio within the next 18 months to AED100 billion, compared to the current AED40 billion. This comes after Binghatti had displayed strong performance in the market in the first half of the year. Muhammad Binghatti, the Chairman of Binghatti ...
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8 October
India-UAE High Level Joint Task Force on Investments holds its 12th meeting
MUMBAI/WAM The 12th Meeting of the India-UAE High Level Joint Task Force on Investments (HLJTFI) took place in Mumbai, Co-Chaired by Shri Piyush Goyal, Minister of Commerce and Industry, Government of India, and H.H. Sheikh Hamed bin Zayed Al Nahyan, Managing Director of the Abu Dhabi Investment Authority (ADIA). The HLJTFI was established in 2013 to promote trade, investment and ...
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8 October
TDRA to participate in Digital Government Platform at GITEX Global 2024
ABU DHABI/WAM The Telecommunications and Digital Government Regulatory Authority (TDRA) has completed its preparations to participate in GITEX Global 2024, through the Digital Government Platform, which includes 37 federal government entities. The TDRA‘s participation this year involves reviewing a number of projects and developments that achieve the role of the telecommunications sector and digital government, and enhance the digital lifestyle ...
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8 October
UAE, Korea strengthen cooperation in public oversight, integrity
SEOUL/WAM A delegation from the UAE’s Accountability Authority (UAEAA) has concluded an official visit to the Republic of Korea, during which they explored enhancing cooperation in public oversight, auditing, and combating corruption. As part of the visit, Humaid Obaid Abushibs, Chairman of the UAEAA, signed a Memorandum of Understanding (MoU) with Choe Jaehyoeng, Chairman of the Board of Audit and ...
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8 October
CEPA with Jordan strategic leap for trade, investment, say UAE officials
ABU DHABI/WAM Several UAE ministers and officials have hailed the Comprehensive Economic Partnership Agreement (CEPA) with Jordan as a strategic move to strengthen ties with a key economic and trade partner in the Arab region, highlighting the agreement as a significant leap in cooperation that will benefit both nations by fostering economic growth and prosperity. The ministers pointed out that ...
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8 October
Mansour bin Zayed chairs Ministerial Development Council meeting
ABU DHABI/WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has chaired the Ministerial Development Council meeting held at Qasr Al Watan in Abu Dhabi. During the meeting, the Council reviewed and discussed several government projects and programmes. The meeting agenda included discussions on developmental projects aimed at enhancing ...
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7 October
Global travel, tourism market to reach $11.1 trillion in 2024: ATM
DUBAI / WAM Arabian Travel Market (ATM) will underscore the pivotal role of connectivity in shaping the future of tourism with the theme, “Global Travel: Developing Tomorrow’s Tourism Through Enhanced Connectivity”, when it returns to Dubai World Trade Centre from April 28 to May 1 2025. In light of the unprecedented growth within the global travel and tourism sector, ATM ...
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7 October
ADIA establishes subsidiary in India’s GIFT City
ABU DHABI/WAM The Abu Dhabi Investment Authority (ADIA) has established a subsidiary at the Gujarat International Finance Tec-City (GIFT City), India’s international financial services centre. The subsidiary has been granted regulatory approval by the International Financial Services Centre Authority (IFSCA) and is now operational. HH Sheikh Hamed bin Zayed Al Nahyan, Managing Director of ADIA, said, “India is one of ...
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