The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

CAPITALS / WAM Gold prices fell on ‌Wednesday after hitting a seven-month low in the previous session, pressured by higher Treasury yields and concerns over inflation and Federal Reserve rate hikes elevated. Spot ​gold was down 0.7 percent at $3,979.41 per ounce, as of 03:00 GMT. In the ​previous session, bullion slipped to $3,942.99 per ounce, its lowest point since …

DUBAI / GULF TIME This summer may look a little different for many families across the UAE. With travel plans shifting, routines changing, and more parents looking for easy ways to keep children entertained closer to home, the need for engaging experiences has never felt more real. For families navigating long summer days, screen fatigue, and the Dubai heat, Times …

RAS AL KHAIMAH / GULF TIME Ras Al Khaimah Tourism Development Authority (RAKTDA), in partnership with Fujifilm Instax and Grand Stores, is giving UAE residents a new reason to celebrate and capture moments in Ras Al Khaimah with a destination campaign designed to turn summer getaways into cherished memories, whether reconnecting with loved ones through a resort stay by the …

DUBAI/WAM Emirates is marking a significant milestone in the expansion of its cargo fleet by becoming the first airline cargo carrier to deploy the Boeing 777-300ERSF passenger to freighter converted aircraft. The aircraft (A6-EBK) will enter commercial service with a flight from Hong Kong to Dubai carrying over 100 tonnes of cargo. The converted Emirates Boeing 777-300ERSF offers 100 tonnes …

ABU DHABI / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, has visited the fifth edition of Abu Dhabi Summer Sports, organised by ADNEC Group, a Modon company, in partnership with Abu Dhabi Sports Council and sponsored by ADNOC Group. The event runs until 23rd August …

ABU DHABI/WAM SAKINA, the leading mental health network under SEHA, a subsidiary of PureHealth, the largest healthcare group in the Middle East, has signed a Memorandum of Understanding (MoU) with SpeechCare Centre, a specialist in speech therapy and neurodevelopmental interventions, to advance research protocols and clinically guided frameworks in digital wellbeing and strengthen the link between scientific research and clinical …

DUBAI / WAM DP World and Lintara Properties, the real estate development platform of Arcapita Group Holdings Limited (Arcapita), have broken ground on a new 20,000 square metre build-to-suit logistics centre in Jebel Ali Free Zone (Jafza). The Grade A facility is being developed by Lintara Properties and will be operated by DP World as part of its integrated, end-to-end …

RAS AL KHAIMAH / WAM RAK Ceramics has signed an exclusive multiyear licensing agreement with Roberto Cavalli for the development, manufacture and distribution of Roberto Cavalli-branded ceramic tiles, sanitaryware and faucets. Under the terms of the agreement, RAK Ceramics will create and distribute Roberto Cavalli collections across a strategic territory that includes the United Arab Emirates, Saudi Arabia, Bahrain, Oman, …

DUBAI / WAM Arab Bank Switzerland, the Geneva-headquartered Swiss private banking group, announced the launch of ABS (Middle East) Limited in Dubai International Financial Centre (DIFC), deepening its long-term commitment to the region and to the UAE as a leading hub for financial innovation. The launch marks the next step in the Arab Bank Switzerland’s strategy to build a robust …

ABU DHABI / WAM AD Ports Group and IRH Global Trading Ltd. have signed a Memorandum of Understanding (MoU) to explore strategic cooperation in bunkering services and alternative marine fuels at Khalifa Port. The MoU outlines potential collaboration across a range of areas, including the provision of bunkering services to vessels calling at Khalifa Port, the development of alternative fuel …