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 There’s no doubt that 2023 has been lively so far. Equity and commodity traders were quick to rejoice on news of China’s reopening in early January, whilst Yen traders were treated to an out-of-meeting policy adjustment which gave currency markets a jolt. And whilst geopolitical tensions have somewhat receded, they have now been replaced with fears ...
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May, 2023
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10 May
UAE: 102.4 Mirchi introduces major technological breakthrough in radio
ABU DHABI / GULF TIME UAE adds yet another feather to its cap as 102.4 Mirchi launches a one of its kind innovations in commercial radio, a first in the world. On 27th April, 102.4 Mirchi, in the UAE is all set to change the way we listen to radio. Taking a step ahead and moving with time, 102.4 Mirchi ...
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10 May
Q Properties launches second phase of Reem Hills luxury apartments project
ABU DHABI / GULF TIME Q Properties – a leading UAE real estate developer and subsidiary of Q Holding – has announced the launch of phase 2 of its new luxury apartments in Reem Hills after buyers snap up all phase 1 units in record time. These apartments come with a 2 years’ service charge waiver, thus offering an attractive ...
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9 May
Passenger traffic at DXB reaches 95.6% of 2019 levels in Q1
DUBAI / WAM Traffic at Dubai International (DXB) has reached 95.6% of 2019 levels with passenger numbers exceeding 21.2 million in the first quarter of the year. This follows DXB’s strong showing in 2022, during which the airport clocked 66 million passengers to retain its position as the world’s busiest international hub for the ninth year running. DXB’s passenger traffic ...
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9 May
CBI net profit increases 65% to AED34mn in Q1
DUBAI / WAM The Commercial Bank International (CBI) has released its financial results for the first quarter of 2023 in Dubai. The financial highlights include a 65% year-on-year increase in net profit from AED20.6 million in Q1 2022 to AED34 million in Q1 2023, a 33% year-on-year increase in net operating income from AED111 million in Q1 2022 to AED148 ...
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9 May
Khaled bin Mohamed bin Zayed attends World Utilities Congress
ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended the second edition of the World Utilities Congress. Held under His Highness’ patronage, the global networking and knowledge exchange platform is hosted by Taqa and held at Abu Dhabi National Exhibition ...
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9 May
Deal signed to drive funding for AI startups, research in UAE
ABU DHABI / WAM Abu Dhabi’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and OurCrowd Arabia, the Abu Dhabi based subsidiary of Israel’s OurCrowd, announced the signing of a memorandum of understanding (MoU) to jointly create and manage several initiatives aiming to accelerate and catalyse the growth of the AI technology ecosystem on the university’s campus in Masdar City, ...
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9 May
Mensha Ventures, China to invest $1bn in green energy projects
ABU DHABI / WAM Mensha Ventures signed a memorandum of understanding with its strategic partners from China, including the Asia Development and Investment Bank (ADIB), Hoover Investment Group, and Shenzhen Sinomaster Investment Group (SMT), to jointly invest $1 billion in green energy infrastructure projects in the region. The MoU was signed on the sidelines of the Annual Investment Meeting which ...
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9 May
Charitable institutions lauded for supporting student education at ZU
Zayed University (ZU) held a special appreciation ceremony to recognise charitable institutions and organisations for their contributions to higher education. Donors were recognised for their ongoing support of students’ educational needs. Among the initiatives supported in the 2022/2023 academic year were monthly stipends for 346 students to cover transportation costs, food, and other necessities, as well as providing 76 students ...
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9 May
Sheikh Sultan chairs Sharjah Academy for Maritime Transport’s BoT meeting
SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member, Ruler of Sharjah and Chairman of the Board of Trustees (BoT) of the Sharjah Academy for Maritime Transport, chaired on Tuesday the first meeting of the academy’s Board of Trustees in his office at the academy in Khorfakkan. During the meeting, HH welcomed the members ...
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