The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
HONG KONG / WAM About 1.44 million travellers visited the Hong Kong Special Administrative Region during the eight-day Spring Festival holiday from Feb 10-17, with 1.26 million of them coming from the Chinese mainland, Chief Executive John Lee Ka-chiu said. Speaking to the media for the first time in the Year of the Dragon, the chief executive expressed his optimism ...
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February, 2024
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26 February
China’s central bank conducts net fund injections via MLF loans for 15th straight month
BEIJING / WAM China’s central bank announced its first medium-term lending facility (MLF) operation in the Year of the Dragon, continuing a streak of 15 consecutive months of net fund injections through MLF loans to maintain reasonable and ample liquidity in the banking system. According to Global Times, the People’s Bank of China (PBOC) has announced that a sum of ...
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26 February
China’s industrial sectors embrace green transition for emissions goals
BEIJING / WAM China is moving away from traditionally energy-intensive industrial sectors towards green development across key sectors, in efforts to fulfill its goals of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060, according to China Central Television. In June 2023, the Hunan Valin Xiangtan Iron and Steel power plant in Xiangtan County, located in Hunan ...
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26 February
Mohammed bin Rashid honours Arab Hope Makers, affirms: ‘Hope making is life making and the only way we can overcome challenges is through collaborative efforts’
DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, crowned the 4 Arab Hope Makers finalists, awarding them a financial reward of AED 1 million each, in the presence of His Highness Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council. His ...
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25 February
Luxury Perfumery Pioneer Navitus Parfums Launches in Dubai
DUBAI/ GULF TIME Navitus Parfums, the niche luxury perfumery brand imagined in the UAE and crafted by world-class master perfumers from France, officially launched in the UAE today. This marks a significant milestone for a brand that continues to redefine the global luxury perfumery experience with its commitment to quality, sustainability, and direct engagement with consumers. At an exclusive launch ...
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25 February
Abu Dhabi Session of Parliamentary Conference on WTO begins
ABU DHABI/ WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), inaugurated the Abu Dhabi Session of the Parliamentary Conference on the World Trade Organisation (PCWTO) today at the Abu Dhabi National Exhibition Centre (ADNEC). The conference was organised by the FNC in cooperation with the Inter-Parliamentary Union (IPU) and the European Parliament (EP), in the presence of Dr. ...
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25 February
Global boat builders urged to prioritise sustainable manufacturing to ride wave of a US13$ billion luxury yacht market
DUBAI/ WAM The world’s mega-rich and well-heeled luxury consumers are taking to the ocean like never before, but luxury yacht builders and makers of high-end marine crafts should continue to prioritise their eco-credentials if they’re to ride the wave of a US$13 billion market. Speakers at this week’s Dubai Boat Show Leisure Yachting Conference agree that boatyards which prioritise sustainable ...
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25 February
RTA awards contract worth AED700 million for Al Khail Road Improvement Project
DUBAI/ WAM The Roads and Transport Authority (RTA) has awarded a contract worth AED700 million for Al Khail Road Improvement Project. This project features the construction of bridges spanning 3,300 metres, along with road improvement works covering 6,820 metres across seven locations along Al Khail Road, including Zabeel, Meydan, Al Quoz 1, Ghadeer Al Tair, and Jumeirah Village Circle. The ...
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25 February
UAE leaders congratulate Emir of Kuwait on National Day, Liberation Day
ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to H.H. Sheikh Mishal Al Ahmad Al Jaber Al Sabah, Emir of Kuwait, on the occasion of his country’s National Day and Liberation Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness ...
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25 February
Star-studded culinary showcase, mega-deals mark Gulfood 2024
DUBAI / WAM The largest-ever culinary showcase concluded at the Dubai World Trade Centre, marking a successful five-day run for Gulfood 2024, the world’s largest annual food and beverage event. Across the five days of the show, a star-studded line-up of internationally renowned chefs sharing 25 Michelin stars are showcasing traditional cooking methods, elevating authentic ingredients, and revealing the stories ...
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