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 New data from the Abu Dhabi Chamber shows a surge in industrial licensing within the emirate (excluding free zones). During 2023, the number of new licences issued jumped 51 percent, reaching 363 by year’s end. This remarkable growth reflects Abu Dhabi’s rise as a regional industrial powerhouse. The launch of the Abu Dhabi Industrial Strategy, spearheaded ...
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March, 2024
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20 March
Gewan AI, Eros Investment sign strategic partnership promoting AI innovation on back of Investopia 2024
ABU DHABI / WAM Investopia 2024 saw the signing of a strategic partnership between Gewan AI and Eros Investments to enhance cooperation and share experiences in AI, innovation and advanced technology solutions and applications. Attended by Abdulla bin Touq Al-Marri, Minister of Economy, Chairman of Investopia, Ali Hussein, CEO of Immerso AI, a subsidiary of Eros Investment, and Dr Ghada ...
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20 March
British inflation falls by more than expected in February
LONDON / WAM Price rises in the UK eased by more than anticipated in February, official figures showed on Wednesday, raising expectations that the Bank of England may start cutting interest rates in the next few months. The Office for National Statistics said inflation, as measured by the consumer price index, fell to 3.4 percent, its lowest level since September ...
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20 March
Stocks range-bound ahead of Federal Reserve meet, Yen falls
ABU DHABI / WAM/ BLOOMBERG Stocks in Asia were mixed after US equities touched fresh peaks ahead of the Federal Reserve’s decision, with eyes on the future pace of rate cuts. The yen extended its decline. Chinese equities gained as the country’s banks kept their benchmark lending rates unchanged. Focus is on a slew of key earnings including from Tencent ...
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20 March
IRENA report calls for urgent global course correction to meet COP28 goal
BERLIN / WAM A new report released by the International Renewable Energy Agency (IRENA) confirms that achieving the global target set at COP28 to triple renewable power capacity by 2030 relies heavily on establishing conducive conditions for such growth. Tripling renewable power capacity by 2030 is technically feasible and economically viable, but its delivery requires determination, policy support and investment ...
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19 March
ADX, Eureeca partner to expand global investor access to IPOs
ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) is collaborating with Eureeca, a global investment platform matching individual and institutional investors with growth and pre-IPO companies, to bolster accessibility to ADX IPOs in a fully compliant manner, appealing to growing interest from regional and global retail investors and high net-worth individuals (HNWIs). The collaboration between ADX and Eureeca capitalises ...
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19 March
Sultan bin Ahmed Al Qasimi attends 1st Ramadan Majlis session
SHARJAH / WAM HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of Sharjah Media Council, attended, the sports session of the first session of the 13th Ramadan Majlis, organised by Sharjah Press Club (SPC) of the Sharjah Government Media Bureau, at Al Majaz Amphitheatre. Luka Modrić, Real Madrid midfielder and captain of the ...
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19 March
UAE investments abroad hit $2.5trn in beginning of 2024
ABU DHABI / WAM The United Arab Emirates has solidified its position as a leading regional and global player in foreign direct investment, according to Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC). He estimates the total value of Emirati investments abroad, encompassing both government and private sectors, to have reached a staggering $2.5 trillion ...
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19 March
UAE and German Presidents discuss bilateral relations and regional developments in phone call
ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call on Tuesday with His Excellency Dr Frank-Walter Steinmeier, President of the Federal Republic of Germany. They explored cooperation between the UAE and Germany and discussed how to further strengthen ties across various sectors, particularly in the economic and trade areas, to advance their ...
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19 March
FUJIFILM UNVEILS THE BRAND NEW “INSTAX PAL™”: Set to become your new instant companion for the most memorable moments
DUBAI/ GULF TIME Fujifilm has announced its latest exciting new launch, the INSTAX Pal. A palm-sized camera that allows you to capture pictures anytime, anywhere! Making small moments feel big, this pocket-friendly digital camera will capture all your spontaneous moments with ease. In fact, it’s so aesthetically pleasing, that we don’t think it will stay in your pocket for long! ...
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