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 PureHealth has successfully concluded the initial public offering (IPO) of its subsidiary, Ardent Health Partners, on the New York Stock Exchange (NYSE). Ardent Health offered 14,300,000 shares of its common stock at $16 per share, with trading commencing on 18th July 2024, under the ticker ARDT. The successful listing of Ardent Health on the NYSE positions Abu Dhabi …

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan visited His Majesty King Hamad bin Isa Al Khalifa of the Kingdom of Bahrain today at his residence in Abu Dhabi. During the meeting, His Highness and His Majesty King Hamad bin Isa, along with other guests, engaged in cordial conversations reflecting the strong, fraternal bonds between the …

ABU DHABI/WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Advanced Technology Research Council’s (ATRC) board of directors, during which His Highness reviewed the council’s plans to launch three new ventures, as well as its pioneering achievements and ambitious plans for …

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and the Honorable Pravind Kumar Jugnauth, Prime Minister of the Republic of Mauritius, witnessed in the signing of a landmark Comprehensive Economic Partnership Agreement (CEPA) between the two countries. The agreement is the UAE’s first CEPA concluded with an African country and is …

DUBAI/WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, made his first visit to the Ministry of Defence following his recent Cabinet appointment. During his visit, Sheikh Hamdan said that the UAE Armed Forces serve as a leading model for high efficiency and strong capabilities. Sheikh Hamdan’s recent …

ABU DHABI / GULF TIME Zero Gravity Technology, headquartered in Abu Dhabi and a leading Emirati technology company, has announced an exclusive partnership agreement with OCS Optical Control Systems GmbH, a global German specialist in quality control solutions for the polymer and petrochemical industries. This strategic partnership marks a significant milestone in enhancing quality control and assurance within the UAE’s …

SHARJAH/WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, directed the Sharjah Department of Human Resources to treat employees in the Sharjah government who are children of female citizens in the Emirate like citizens, and to make them equal in government cadres, regardless of their birth before or after the mother obtained Emirati …

DUBAI / GULF TIME  Shopping for babies and children in Dubai’s sweltering summer provides a focus on indoor cool downs and engaging activities to escape the heat of the summer months. Essential buys include baths designed for cooling and soothing, as well as imaginative indoor play goods that keep little ones entertained in a cooler space, without the use of …

WASHINGTON/WAM US President Joe Biden said on Sunday that he would withdraw from the presidential race. “While it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term,” …

CAPE TOWN/WAM TRENDS Research and Advisory organised a panel discussion with the Bureau for Economic Research (BER) at Stellenbosch University, focusing on the prospects of economic relations between the Middle East and Africa, as well as the significant economic developments in the African continent and its promising commercial and investment opportunities. The discussion was attended by several researchers and officials …