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 Ghitha Holding (Ghitha), a subsidiary of International Holding Company (IHC), has released its financial results for 2023. Driven by a stellar performance and sustained business momentum, Ghitha’s revenue milestone indicates a significant growth rate of over 100 percent compared to 2022. This noteworthy growth can be attributed to the successful execution of strategic acquisitions and a ...
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January, 2024
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29 January
Dewa discusses cooperation with UK’s energy department
LONDON / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), met with Andrew Bowie MP, Parliamentary Under-Secretary of State at the UK Department for Energy Security and Net Zero, at 10 Downing Street in London, UK. The meeting focused on the global transformations and trends in the energy sector, emphasising the increasing reliance ...
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29 January
UAE Ambassador meets Argentine Republic’s minister in Buenos Aires
BUENOS AIRES / WAM Saeed Abdullah Al Qamzi, UAE Ambassador to the Argentine Republic, met with Diana Elena Mondino, Argentine Minister of Foreign Affairs, International Trade and Worship, at the headquarters of the Ministry in the capital, Buenos Aires. During the meeting, the two sides reviewed the close ties between both countries, and discussed several topics of mutual interest. Al ...
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29 January
Mansour bin Zayed witnesses UAE Central Bank’s Golden Jubilee
ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Board of the Central Bank of the UAE (CBUAE), has attended a celebration marking the CBUAE’s 50th Anniversary. His Highness also witnessed the graduation of the first batch of 1,056 male and female citizens ...
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29 January
JetBlue ’s new CEO clings to Spirit deal with few other options
BLOOMBERG Joanna Geraghty, the next chief of JetBlue Airways Corp, spoke of having “the gift of grit” in a commencement address in 2020. She’s going to need it. JetBlue said it would appeal a federal judge’s decision to strike down its proposed acquisition of Spirit Airlines. The decision to appeal now sets up Geraghty, who officially takes over Jetblue in ...
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29 January
arbitrateAD to launch operations on Feburary 1
ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced it would commence operations at the Abu Dhabi International Arbitration Centre (arbitrateAD) from February 1. This strategic initiative aligns with the chamber’s commitment to fortify Abu Dhabi’s standing as a pre-eminent global hub for arbitration. At the forefront of international dispute resolution, arbitrateAD signifies a paradigm ...
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29 January
Dubai Investments invests 34.3% stake in Global Fertility Partners
DUBAI / WAM Dubai Investments has invested an equity stake of 34.3 percent in Global Fertility Partners (GFP), a leading network of fertility and reproductive genetics centres across the Middle East. GFP has secured approximately $60 million in equity financing, giving it the financial backing required to expand its network of fertility and women’s health centres across Mena. GFP aims ...
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29 January
ADJD Undersecretary inspects progress in penal institutions
ABU DHABI / WAM Counselor Yousef Saeed Al Abri, Undersecretary of the Abu Dhabi Judicial Department (ADJD), conducted a field inspection visit to the penal and correctional institutions in the Emirate of Abu Dhabi. The purpose of the visit was to examine the workflow and procedures, as well as to closely monitor the quality of care, rehabilitation, and reform offered ...
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29 January
Noatum unveils new logistics brand in Middle East region
ABU DHABI / WAM AD Ports Group has announced that Noatum, which leads the group’s Logistics Cluster, has launched Noatum Logistics Middle East, the company’s new brand that solidifies its commitment to delivering market-leading logistics services within the Middle East region. The new brand takes over from MICCO Logistics, which has served the Abu Dhabi and the GCC markets with ...
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29 January
DAE signs long-term leases for 10 Boeing 737-8 aircraft with Turkish Airlines
DUBAI / WAM Dubai Aerospace Enterprise (DAE) today announced that it has reached an agreement with Turkish Airlines for the lease of 10 new Boeing 737-8 aircraft. The aircraft are scheduled to be delivered in 2025. Commenting on the agreement, Firoz Tarapore, Chief Executive Officer of DAE, said, “We are delighted to further deepen our already strong and long-term relationship ...
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