The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
DUBAI/ GULF TIME Hoover®, a leader in Floor Care Technology and part of the Techtronic Industries Co. Ltd., has announced today the launch of its Emerge and Emerge Plus cordless vacuums in the Middle East in a move that will enrich the cordless range and offer unmatched convenience to consumers. For over a century, Hoover has been renowned for its ...
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February, 2024
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12 February
Mohammed bin Rashid meets with President of World Bank Group at WGS 2024
DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today met with Ajay Banga, President of the World Bank Group (WBG), on the first day of the World Governments Summit (WGS) 2024. The meeting was held in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince ...
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12 February
UAE President offers condolences over martyrdom of Mohamed Al Mansouri
ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan extended his condolences today over the martyrdom of Staff Colonel Mohamed Mubarak Al Mansouri, a member of the UAE Armed Forces, who tragically lost his life in a terrorist act in the Federal Republic of Somalia along with several of his comrades while on duty training the ...
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12 February
OPEC Secretary-General: Active talks with several nations eager to join Charter of Cooperation
ABU DHABI/ WAM Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), said that OPEC is in active talks with several nations eager to join the OPEC+ Charter of Cooperation, following the recent accession of the Republic of Brazil. The names of these countries will be announced after the completion of the ongoing consultations, the OPEC ...
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12 February
WGS 2024: DEWA highlights future of energy sector, showcases net zero by 2050 efforts
DUBAI/ WAM Dubai Electricity and Water Authority (DEWA) is the Sustainable Energy Partner of the World Governments Summit (WGS) 2024, which is taking place from 12th-14th February under the theme ‘Shaping Future Governments’. In a keynote speech titled ‘Global Energy Transitions’, Saeed Mohammed Al Tayer, MD and CEO of DEWA, will talk about the main factors impacting energy markets, effective ...
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12 February
ADNOC Drilling announces 2023 net profit of over $1 billion
ABU DHABI/ WAM ADNOC Drilling Company PJSC today announced its financial results for the fourth quarter and full year ending 31st December 2023. Revenue for the full year was US$3.057 billion, up 14 percent year-on-year, while EBITDA for the full year increased by 20 percent to US$1.483 billion with industry-leading EBITDA margin of 49 percent. ADNOC Drilling announced that the ...
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12 February
Etihad Airways logs 1.4 million passengers in January 2024
ABU DHABI / WAM Etihad Airways, the national airline of the UAE, has published its preliminary traffic statistics for January 2024. The carrier welcomed more than 1.4 million guests onboard and saw its load factor average out at 86.04 percent across the month. “In January 2024 we saw a 35 percent year-on-year growth in customer numbers and were flying to ...
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12 February
DMCC-QX Lab AI pact to advance hybrid generative AI solutions for businesses
DUBAI / WAM Dubai Multi Commodities Centre (DMCC) has partnered with the Dubai-based artificial intelligence firm Qx Lab AI as it gears up to launch the DMCC AI Centre later this year. Through its ‘Ask Qx’ platform, Qx Lab AI offers generative AI capabilities that can be integrated into services such as online chat functions or used by businesses and ...
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12 February
WGS supports shared vision for global economic, trade exchange: Yemeni official
DUBAI / WAM Dr Nasser Saleh El-Harbi, senior official from the Yemeni Ministry of Finance, has hailed the World Governments Summit (WGS) 2024 as a pivotal platform for nations to exchange invaluable insights and knowledge. Speaking to the Emirates News Agency (WAM) at the pre-summit day of WGS 2024’s Eighth Arab Fiscal Forum, El-Harbi emphasised the WGS’s role in fostering ...
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12 February
Ministry, Ajman Chamber sign pact on sidelines of WGS 2024
Dubai / WAM The Ministry of Interior (MoI) and the Ajman Chamber of Commerce and Industry have signed a memorandum of understanding (MoU) to boost institutional performance, as part of their efforts to bolster national partnerships. The signing ceremony took place in Dubai during the first day of the World Governments Summit 2024. The memorandum was signed by Major General ...
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