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 Green Motors and SERES Group unveiled the revolutionary electric vehicle SERES 5 at W the Palm in Dubai on Tuesday during a luxury launch event in the presence of VIPs, media and industry leaders. The guests joined His Excellency Ahmed Ali Bin Khalfan Al Dhahery, Chairman of Green Motors, and John Zhang,  Chairman of SERES Group, ...
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July, 2023
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18 July
Knowledge Group opens regional office in Saudi Arabia
ABU DHABI / WAM The Abu Dhabi-based Knowledge Group, a regional subsidiary of “Nema Education†and a pioneer in training, development, and strategic consulting, offering comprehensive solutions to organisations and individuals across the Middle East and North Africa (Mena), has opened a regional office in Riyadh. The office opening aligns with the kingdom’s ambitious strategies for continuous developments in various ...
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18 July
Sharjah real estate transactions reach AED13.4bn in H1 2023
SHARJAH / WAM The real estate sector in Sharjah achieved a trading value of AED13.4 billion during the first half of 2023, with an increase of 19.2 percent compared to the same period last year. According to the semi-annual report issued by the Sharjah Real Estate Registration Department on the real estate in the emirate, there were 40,843 transactions in ...
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18 July
Adipec to facilitate sustainable energy sector transition in October
ABU DHABI / WAM Tayba Al Hashemi, Chair of Adipec 2023 and CEO of Adnoc Offshore, said that Adipec 2023, the largest and most influential energy gathering of its kind, will connect the energy industry leaders, innovators, policymakers and consumers to accelerate the credible solutions needed to tackle the biggest challenges of the journey to a net zero world. In ...
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18 July
UAE participates in meeting of ICCIA’s Board of Directors
ABU DHABI / WAM The UAE, represented by the Federation of UAE Chambers of Commerce and Industry (FCCI), participated in the 35th meeting of the Board of Directors of the Islamic Chamber of Commerce, Industry and Agriculture (ICCIA), which was held in the Azeri capital, Baku. The two-day event co-organised by the National Confederation of Entrepreneurs (Employers) Organizations of the ...
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18 July
Ajman CP receives National Guard Commander
AJMAN / WAM His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, commended the high level of professionalism reached by the UAE Armed Forces under the strategic vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Supreme Commander of the UAE Armed Forces. Sheikh Ammar said the UAE Armed Forces had made a paradigm shift ...
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18 July
Ola advances plan for IPO as electric scooters take off in India
BLOOMBERG Ola Electric Mobility Pvt is in line for an initial public offering (IPO) sooner than its founder previously imagined, reflecting the Indian startup’s whirlwind pace of growth since it started selling electric scooters in late 2021. “I thought it would take me four to six years of revenue to go public,†Founder and Chief Executive Officer Bhavish Aggarwal said ...
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18 July
China’s growth disappoints as Beijing hints at stimulus
BLOOMBERG China’s economic recovery lost momentum in the second quarter, adding to risks for the world economy as Beijing hints that any stimulus measures will be targeted rather than broad. Gross domestic product (GDP) grew at a slower-than-expected pace of 6.3% in the second quarter compared with a year earlier, when dozens of Chinese cities were in lockdown, but just ...
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18 July
Deutsche Bank draws fresh ECB scrutiny over FX sales
BLOOMBERGÂ Deutsche Bank AG has drawn fresh criticism from the European Central Bank (ECB) over foreign-exchange (FX) sales even after the lender completed an internal probe into past practices that led to initial changes. An ECB supervisory team has told Deutsche Bank that it needs to improve oversight and checks at its business that pitches FX derivatives such as swaps ...
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18 July
MUFG overhauls JV with Morgan Stanley in Japan
BLOOMBERGÂ Mitsubishi UFJ Financial Group Inc and Morgan Stanley will merge some operations at their Japan-based joint ventures, in the first major reorganisation since the two entities were formed more than a decade ago. The companies will integrate Japan equity sales for institutional clients, along with corporate access, research and a part of execution services, MUFG and Morgan Stanley said ...
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