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 The third batch of volunteers, heading to the Gaza Strip, left the country today to join the field hospital that the UAE had established in the Gaza Strip to provide Palestinians with the necessary medical treatment and care. The new batch of volunteers, comprising 9 healthcare professionals, will join their fellow doctors and nurses, who are currently ...
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December, 2023
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17 December
DP World to relocate its global head office to Expo City Dubai
DUBAI/ WAM DP World has announced plans to relocate its global head office to Expo City Dubai, marking the latest milestone in the company’s 50-year journey, as it continues to expand its global supply chain solutions. The move to Expo City is part of the company’s journey from a local port operator in 1972 to a truly global supply chain ...
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17 December
On behalf of UAE President, Fujairah Ruler condoles Emir of Kuwait over passing of Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah
KUWAIT CITY/ WAM H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, today conveyed the condolences of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and his sympathy to His Highness Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, Emir of the State of Kuwait, on the passing of Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. This came as ...
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17 December
“Art of Living Mall” Launches a Unique Contest with the Chance to Win a Luxurious Rolls-Royce Car!
DUBAI/ GULF TIME “Art of Living Mall,” the first-of-its-kind shopping center specializing in innovative designs and furniture pieces in the United Arab Emirates and the Middle East and North Africa region, has announced the launch of its grand contest, offering the winner a chance to drive away with a luxurious Rolls-Royce car valued at one million seven hundred thousand Emirati ...
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17 December
Fed rate-cut pivot carries pitfalls for chief Powell
BLOOMBERG Federal Reserve Chair Jerome Powell’s pivot towards interest-rate cuts is spreading holiday cheer in the White House, where the improved prospects for an economic soft landing are a boon for President Joe Biden’s bid for another term. Biden has seen his poll numbers sag amid voter anxiety over a surge in the cost of living, and he would face ...
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17 December
Alphabet needs to show path to AI sales in race with Microsoft
BLOOMBERG Alphabet Inc just got a reminder of how important the perception of having a winning AI strategy is for investors. The Google owner added $87 billion in market value in a single day after showing off the capabilities of its Gemini large language model, which it claims can rival OpenAI’s ChatGPT. To sustain those gains, Alphabet needs to show ...
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17 December
Apple is so big, it’s almost eclipsing France’s stock market
BLOOMBERG The rally in Apple Inc, the world’s most valuable publicly traded company, is showing no signs of easing. After closing at a record high, the iPhonemaker’s market value is approaching that of Europe’s largest stock market: France. The combined market value of companies listed in Paris was about $3.2 trillion as of last week’s close, versus the technology giant’s ...
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17 December
China shows off its C919 passenger jet with flyby of Hong Kong’s Victoria harbour
BLOOMBERG China displayed its aircraft-manufacturing credentials by conducting a flyby of Hong Kong’s Victoria Harbour with a domestically made passenger plane designed to take on Airbus SE and Boeing Co narrowbodies. Commercial Aircraft Corp of China Ltd, the official name of planemaker Comac, flew its C919 jet around the harbor in two loops on Saturday morning, going as low as ...
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17 December
COP28 delegates praise Mohammed bin Rashid Al Maktoum Solar Park and Dewa’s sustainability efforts
DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has organised field visits for 217 participants in COP28 to the Mohammed bin Rashid Al Maktoum Solar Park. Most of the visitors were from outside the UAE. The visits, which were organised during COP28, included the Innovation Centre and the 4th phase of the solar park. The guests praised the Innovation ...
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17 December
SpiceJet plans to raise $270 million after posting loss with many jets grounded
BLOOMBERG Indian carrier SpiceJet Ltd reported a net loss of 4.32 billion rupees ($52 million) for the three months through September, ending a run of three quarters of profits as more than a third of its planes were grounded. Second-quarter revenue fell 27% from a year earlier to 14.3 billion rupees, while total costs fell by the same amount to ...
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