The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
WORLD CAPITALS/ WAM Gold prices were steady and hovered above key $2,400 level on Wednesday, while investors await minutes from the Federal Reserve’s latest policy meeting for fresh signals on the timing of US interest rate cuts, Reuters reported. Spot gold held its ground at $2,415.35 per ounce,. Bullion hit a record high of $2,449.89 on May 20. US gold ...
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May, 2024
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22 May
Global shares edge lower after Wall Street sets more records
HONG KONG / WAM European stocks dropped in early trading and Asian markets were mostly lower on Wednesday after US stocks hit new record highs, Associated Press reported. The future for the Dow Jones Industrial Average and that for the S&P 500 both edged 0.1 percent lower. Britain’s FTSE 100 fell 0.5 percent to 8,377.95 after the Office for National ...
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22 May
Dubai Chambers showcases emirate’s advantages in Rwanda
DUBAI / WAM Dubai Chambers has successfully participated in the recently concluded Africa CEO Forum in Kigali, Rwanda, which attracted more than 2,500 attendees including African presidents, government officials, and CEOs of major international and African companies. The delegation was led by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, who took part in an interactive panel discussion. ...
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22 May
UAE delegation takes part in 4th International Conference on Nuclear Security
VIENNA / WAM The United Arab Emirates (UAE) is taking part in the fourth edition of the International Conference on Nuclear Security: Shaping the Future, which is organised by the International Atomic Energy Agency (IAEA) through May 24 in its headquarters in Vienna, Austria. It is being held in accordance with the resolution GC (66)/RES/7 adopted at the 66th General ...
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22 May
Dubai South, Aldar to build facility for Kuehne+Nagel
DUBAI / WAM Dubai South and Aldar Properties (Aldar) will develop a build-to-suit facility for Kuehne+Nagel, one of the world’s leading logistics providers, at EZDubai, the fully dedicated e-commerce hub in Dubai South. Located near and with direct access to Al Maktoum International Airport, as well as Jebel Ali port via a bounded logistics corridor, the logistics facility is being ...
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22 May
UAE President to commence state visit to Republic of Korea on May 28
ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan will commence a state visit to the Republic of Korea on Tuesday, May 28. The two-day visit comes at the invitation of His Excellency President Yoon Suk Yeol. During the visit, His Highness will discuss with President Yoon Suk Yeol the ties of friendship between the ...
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22 May
Finance House achieves Emiratization milestone, exceeding workforce goals
ABU DHABI / GULF TIME Finance House, a leading financial institution in the United Arab Emirates, is proud to announce the successful achievement of its Emiratization target for the previous year, fostering and supporting the professional development of Emirati nationals within the organization. As part of its ongoing commitment to the growth and development of the UAE’s workforce, Finance House ...
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22 May
Dubai to showcase digital transformation initiatives at GITEX Africa 2024
DUBAI / WAM Digital Dubai announced the participation of Dubai in GITEX Africa 2024, which will be held in Marrakech, Morocco, from May 29 to 31, with the participation of 130 countries. Digital Dubai is organising the Dubai Pavilion at this event, featuring the participation of eight other government entities, including Dubai Police, Dubai Municipality, Digital Dewa, Department of Economy ...
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22 May
Abdullah bin Zayed honours winners of ‘Minister of Foreign Affairs Excellence Award’
ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, honoured 34 winners of the 5th Minister of Foreign Affairs Excellence Award, during a ceremony held at the ministry’s headquarters in Abu Dhabi. The ceremony was attended by Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation; Sheikh Shakhboot bin Nahyan Al Nahyan, ...
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22 May
UAE President welcomes delegation from Parliamentary Assembly of Mediterranean; receives Global Humanitarian Personality Award
ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today welcomed a delegation from the Parliamentary Assembly of the Mediterranean, which presented him with the PAM Global Humanitarian Personality Award. This award was granted in recognition of his significant contributions to international humanitarian efforts over decades of dedicated service. During the meeting at Qasr Al Bahr in Abu ...
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