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 Sheikh Zayed bin Hamad Al Nahyan, Chairman of The Founder’s Office (TFO), and Hamad bin Abdulrahman Al Midfa, Board Chairman of the National Library and Archives (NLA), have signed a collaboration agreement between TFO and the NLA at TFO’s headquarters in Abu Dhabi. The agreement will allow TFO to leverage a central digital platform that will serve as …
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June, 2024
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11 June
UAE Cabinet approves 2,160 new housing decisions for citizens at AED 1.68 bn, launches the ‘Manzili’ bundle for Zayed Housing Program beneficiaries
DUBAI/WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a new housing approval package for citizens valued at AED 1.682 billion. The package includes 2,160 decisions for beneficiaries of housing assistance in June 2024 under the Sheikh Zayed Housing Program. The Cabinet …
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11 June
World Bank predicts UAE’s real GDP will rise to 4.1% in 2025
WASHINGTON/WAM The UAE’s real GDP is projected to grow by 3.9 percent in 2024 and expand to 4.1 percent in 2025, according to the World Bank’s latest Global Economic Prospects report. In April 2024, the World Bank raised its forecast for real GDP growth in the UAE to 3.9 percent in 2024, compared to its January forecast of 3.7 percent. …
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11 June
UAE continues to demonstrate growth in its non-oil sectors: OPEC
VIENNA/WAM The latest data from the Organisation of the Petroleum Exporting Countries (OPEC) shows that the UAE continued to demonstrate growth in its non-oil sectors, registering a 6.7 percent expansion, y-o-y, in 4Q23, up from 5.8 percent in 3Q23. In its Monthly Oil Market Report (MOMR) for June 2024, OPEC says that the construction growth accelerated to 8.4percent in 4Q23 …
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11 June
Nahyan bin Zayed attends graduation ceremony of 11th National Defence Course
ABU DHABI/WAM H.H. Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed Charitable and Humanitarian Foundation, attended on Tuesday the graduation ceremony of the 11th National Defence Course cohort, and the fifth War Course of the War College at the Joint Command and Staff College. H.H. Sheikh Nahyan bin Zayed congratulated the graduates of …
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11 June
Khaled bin Mohamed bin Zayed chairs Emirates Genome Council meeting, approves framework for advancing personalised and preventive medicine
ABU DHABI/WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has chaired the meeting of the Emirates Genome Council. During the meeting, the board reviewed the progress of strategic initiatives, including the completion of the ground-breaking Emirati Reference Genome Study, which has revealed more than five million novel gene variants. The results of the …
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11 June
UAE President receives Azerbaijani Minister of Internal Affairs
ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Tuesday received His Excellency Vilayat Eyvazov, Minister of Internal Affairs of the Republic of Azerbaijan, at Qasr Al Bahr in Abu Dhabi. During the meeting, His Excellency Vilayat Eyvazov conveyed the greetings of His Excellency Ilham Aliyev, President of Azerbaijan, along with his wishes for continued prosperity …
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11 June
UAE reaffirms its commitment to supporting international efforts to reduce carbon emissions in aviation sector
DUBAI/WAM In the path of achieving net-zero carbon emissions by 2050, sustainable aviation fuel and alternative fuels have risen to prominence as central topics in discussions, meetings, and international conferences concerning the future of the aviation industry. Recognised as key solutions for reducing carbon emissions in the sector, it has garnered significant attention and debate. The 80th Annual General Meeting …
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11 June
Abu Dhabi Department of Finance hosts 2025 Budget Cycle event
ABU DHABI/WAM The Department of Finance – Abu Dhabi organised the 2025 Budget Cycle event, expanding on its crucial position in creating an innovative financial ecosystem that fosters economic stability and prosperity within society. The event attracted noteworthy participation, with over 450 representing more than 60 government entities throughout the emirate, including Undersecretaries, Director Generals, and senior representatives. During the …
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11 June
Bayanat, IMKAN to develop smart mobility infrastructure project on ‘SHA Island Emirates’
ABU DHABI/WAM Bayanat and IMKAN Properties today signed a Memorandum of Understanding for the development of a smart mobility infrastructure project on SHA Island Emirates at AlJurf. The project will feature an integrated and AI-enabled transportation ecosystem that allows for fully autonomous driving on the world’s first healthy living island. Located in AlJurf, approximately halfway between Abu Dhabi and Dubai, …
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