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 Khalifa Fund for Enterprise Development (Khalifa Fund) has signed a memorandum of understanding with Wio Bank PJSC — the region’s first platform bank — to support Khalifa Fund members with access to fast, flexible, and secure banking and financial services from Wio Business, the SME-tailored business banking application from Wio Bank. Through the partnership, the two ...
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May, 2023
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16 May
Mansour bin Zayed chairs Mubadala Investment’s board of directors meeting
ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of the Board of Directors of the Mubadala Investment Company, chaired the meeting of the company’s board held in Qasr Al Watan in Abu Dhabi. HH Sheikh Mansour opened the meeting by lauding the company’s performance ...
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16 May
Masdar, Airbus sign deal to support global SAF market
ABU DHABI / WAM Abu Dhabi Future Energy Company (Masdar) has signed an agreement with Airbus, to support the development and growth of the global sustainable aviation fuel market. The signing ceremony was held in the presence of Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate, Guillaume Faury, Chief Executive Officer, ...
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16 May
Operation Gallant Knight 2: 100 days of assistance to Syrian earthquake victims
LATAKIA / WAM Operation Gallant Knight 2, launched by the Joint Operations Command of the Ministry of Defence, has completed 100 days of continuous support and assistance to Syria following the earthquake on February 06. During this period, 181 aircraft carrying 5,727 tonnes of essential food supplies, medicines and medical equipment and three ships carrying 5,429 tonnes were dispatched, totalling ...
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16 May
UAE central bank imposes sanctions on eight lenders
ABU DHABI / WAM The Central Bank of the UAE (CBUAE) imposed administrative sanctions on eight banks operating in the UAE, pursuant to Article 137 of the Decretal Federal Law No (14) of 2018 Regarding the Central Bank & Organisation of Financial Institutions and Activities, and the Central Bank notices regarding the beneficiaries of the Nationals Defaulted Debts Settlement Fund ...
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16 May
Seatrade Maritime Logistics Middle East 2023 opens
DUBAI / WAM The highly anticipated Seatrade Maritime Logistics Middle East, the leading shipping and maritime supply chain event in the region, commenced on Tuesday at the Dubai World Trade Centre under the patronage of the UAE Ministry of Energy and Infrastructure (MOEI UAE). As an integral part of the UAE Maritime Week, the conference and exhibition attracted renowned industry ...
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16 May
Khan’s face off with Pakistan army escalates after arrest
BLOOMBERG Since his ouster as prime minister in 2022, Imran Khan has played a high-stakes game of challenging Pakistan’s powerful military. Now it’s reaching a breaking point. Khan’s dramatic arrest by dozens of paramilitary rangers for graft triggered protests that left at least eight people dead and hundreds injured, risking more spasms of violence in a nation struggling to pull ...
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16 May
Pressure mounts on Thai senators to back Pita’s premier bid
BLOOMBERG Pro-royalist members of Thailand’s upper house are facing mounting pressure to back Pita Limjaroenrat as the country’s next premier, after the Move Forward leader staked a claim to form a coalition government of pro-democracy parties that swept the election. Hurdles have emerged in Pita’s path to power after some of the 250 unelected members of the Senate, stacked with ...
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16 May
Taiwan’s opposition to pick Hou for president
BLOOMBERG Taiwan’s main opposition party is set to nominate New Taipei City Mayor Hou Yu-ih as its candidate for next year’s presidential election, a person familiar with the situation said, as it seeks to wrest back power in a vote crucial to US-China ties. The Kuomintang is set to formally announce Hou as its choice to represent the party in ...
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16 May
Stocks waver as US debt talks drag on
BLOOMBERG Global markets were mixed on Tuesday, with US stock futures trading in a tight range ahead of debt-ceiling talks. A standoff over whether to raise the federal debt limit is sidelining many investors as they wait for a breakthrough in Washington. In Europe, Vodafone Group Plc shares sank on weak earnings and Telecom Italia SpA fell after a report ...
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