The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
RIYADH / GULF TIME In a strategic move aimed at expanding its presence in the Middle East and fostering stronger ties with the Gulf Cooperation Council (GCC) countries, Korea Tourism Organization (KTO) has announced the opening of its inaugural representative office in Riyadh, Saudi Arabia. This milestone marks a significant step in South Korea’s efforts to tap into the Saudi …
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June, 2024
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13 June
Coordinating Council for Labour Market in UAE holds 1st meeting, sets roadmaps
DUBAI / WAM The Coordinating Council for Labour Market in the UAE held its first meeting, chaired by Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, and attended by Council members, including officials, heads of local government departments, and representatives of federal government entities. The Council was formed in accordance with the Cabinet Decision 25/3 of 2024 regarding …
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13 June
ADGM Academy, Ethara sign MoU to develop next-gen Emirati talent
DUBAI / WAM Emirates has begun using Sustainable Aviation Fuel (SAF) as part of its fuel agreement with Neste on flights departing from Singapore Changi Airport, marking its inaugural SAF investment in Asia. According to Emirates’ statement, approximately 3.3 million litres of blended SAF have been integrated into the fuelling system of Changi airport over the last few weeks. Emirates …
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13 June
Emirates powers flights with SAF from Singapore
DUBAI/WAM Emirates has begun using Sustainable Aviation Fuel (SAF) as part of its fuel agreement with Neste on flights departing from Singapore Changi Airport, marking its inaugural SAF investment in Asia. According to Emirates’ statement, approximately 3.3 million litres of blended SAF have been integrated into the fuelling system of Changi airport over the last few weeks. Emirates is tracking …
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13 June
Under the directives of the UAE President, Crown Prince of Abu Dhabi approves disbursement of second package of housing benefits in 2024 to Abu Dhabi citizens
ABU DHABI / AD MEDIA OFFICE Under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, in his capacity as Ruler of Abu Dhabi, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the disbursement of the second …
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13 June
UAE leaders offer condolences to Emir of Kuwait over victims of Mangaf fire
ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to Emir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah expressing his sincere condolences and sympathy over victims of the fire outbreak in the Mangaf area and wishing a speedy recovery for the injured. His Highness Sheikh Mohammed bin Rashid Al …
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13 June
UAE leaders offer condolences to Saudi King over death of Princess Munira bint Mohammed
ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia on the death of Princess Munira bint Mohammed bin Turki bin Abdulaziz bin Turki Al Saud. His Highness Sheikh Mohammed bin Rashid Al …
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13 June
NMDC Energy, Technip Energies, JGC awarded major contract worth US$5.5 billion for ADNOC’s Ruwais LNG project
ABU DHABI/WAM NMDC Energy, in partnership with Technip Energies and JGC Corporation, have been awarded a contract worth US$5.5 billion by ADNOC for the engineering, procurement and construction (EPC) of the lower-carbon Ruwais LNG project, located in Al Ruwais Industrial City, Abu Dhabi. The project will consist of two natural gas liquefaction trains with a total LNG production capacity of …
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13 June
Aggregate capital, reserves of UAE-based banks hit AED476.6 billion at end of March 2024
ABU DHABI/WAM The aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). The capital and reserves of banks operating in the country increased year-on-year (YoY) by about AED45.9 billion or 10.7 percent compared to approximately AED430.7 billion …
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13 June
Dubai Chambers, Australian Chamber of Commerce and Industry to boost economic ties
DUBAI/WAM Dubai Chambers has signed a Memorandum of Understanding with the Australian Chamber of Commerce and Industry to enhance cooperation, strengthen economic and trade relations, and support the development of partnerships between the business communities in Dubai and Australia. The MoU supports sharing data and expertise between the two parties and cooperation on studies and research relating to trade, investment, …
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