The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) and a high-level judicial delegation from the Hong Kong Special Administrative Region, explored avenues for enhancing cooperation in the field of commercial and investment laws. Both sides also discussed establishing a strategic partnership that will not only enhance the investment climate but also spur the development of bilateral trade ...
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May, 2024
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26 May
UAE Floating Hospital in Al Arish expands services, specialties
AL ARISH / WAM The UAE Floating Hospital in the Egyptian city of Al Arish, established under Operation Chivalrous Knight 3, has announced the addition of new specialised medical staff, including neurosurgeons and maxillofacial and dental specialists. This initiative aims to provide top-tier healthcare services to the Palestinian people in Gaza. Dr Ahmed Mubarak, Director of the Hospital, affirmed that ...
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26 May
UAE’s digital trade to see 12.3% growth between 2023-2028
ABU DHABI / WAM The Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have issued a new joint paper revealing that trends project the growth and prosperity of digital trade activities in the UAE at a compound annual growth rate of 12.3 percent between 2023 and 2028. The research showed that more than 40 percent ...
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26 May
Under directives of UAE President, 65,000 books from Abu Dhabi International Book Fair distributed across schools
ABU DHABI / WAM Under the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, 65,000 books from the 33rd Abu Dhabi International Book Fair have been distributed to libraries at 220 schools across the UAE. Facilitated by a financial grant, the initiative aims to support school libraries in fostering a culture of reading among students. The ...
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26 May
China’s completed clean energy investments reach $16.5 billion in first quarter of 2024
BEIJING / WAM China’s power enterprises have accelerated the pace of green investment this year, with the completed investments in clean energy projects up by 6.64 percent year-on-year to reach CN¥117.3 billion ($16.5 billion) in the first quarter, according to the China Electricity Council. According to China Central Television (CCTV), during the first quarter, the magnitude of clean energy projects ...
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26 May
Danube Properties hands over project Pearlz six months ahead of schedule
DUBAI/ GULF TIME Danube Properties, the fastest-growing private real estate developer in the UAE, achieved a remarkable feat by delivering their project, Pearlz, six months ahead of schedule, which was launched in 2022. It has a built-up area of 480,179 sq. ft. and has 300 modern units—studios, one-, two-, and three-bedroom apartments—and retail outlets. His Excellency Eng. Marwan bin Ghalita, ...
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26 May
Tabreed reveals UAE nature mural at Al Maryah plant
ABU DHABI / AD MEDIA OFFICE Tabreed has transformed its plant on Al Maryah Island into a 3D mural featuring Arabian oryx and Arabian sand gazelle to reflect the beauty of nature in the UAE. Tabreed’s Al Maryah Island plant supplies an roster of clients, such as Cleveland Clinic, Rosewood Abu Dhabi, Four Seasons, Galleria Mall and Abu Dhabi Global ...
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26 May
Federal Tax Authority issues corporate tax guide on Free Zone Persons
ABU DHABI / WAM The Federal Tax Authority (FTA) has issued a guide outlining the application of corporate tax to free zone persons in line with the Free Zone Corporate Tax regime, which enables qualifying free zone persons to benefit from a 0% corporate tax rate on qualifying income. The guide provides general guidance on the application of the Corporate ...
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26 May
DP World, Mawani start $250m logistics park at Jeddah port
DUBAI / WAM DP World and Saudi Ports Authority (Mawani) have commenced construction of a new SAR900 million ($250 million) logistics park at Jeddah Islamic Port, set to provide state-of-the-art storage and distribution facilities, as well as boost trade in the Kingdom of Saudi Arabia and the wider region. The 415,000 sq m greenfield facility will feature 185,000 sq m ...
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26 May
UAE leaders congratulate President of Georgia on Independence Day
ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Salome Zourabichvili of Georgia on her country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice ...
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