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

  Ajman / WAM The Ajman Chamber of Commerce and Industry (ACCI) has signed a joint cooperation agreement with the Emirates Vision Media Network, with the aim of launching the “Spotlight” initiative, which intended to provide promotional and marketing support for local products related to national projects in Ajman. The agreement was signed by Jamila Kajour, Director of the Ajman ...

  Abu Dhabi / WAM In line with the vision of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the central bank of the UAE’s (CBUAE) Board of Directors, the CBUAE on Sunday launched its Financial Infrastructure Transformation Programme (FIT programme) to accelerate the digital transformation in the financial ...

  New York / WAM The Permanent Mission of the United Arab Emirates to the UN hosted the UN Department of Political and Peacebuilding Affairs (UN DPPA) training on Women, Peace and Security (WPS). The programme is an annual event for UN DPPA staff that aims to raise participants’ understanding of the gendered impacts of conflict and to equip them ...

Dubai / WAM Figures released by Dubai Customs showed that Hatta Customs Centre has completed 87.4 thousand transactions and made 538 seizures in 2022. The centre dealt with 78.6 thousand cargo trucks and 587 thousand vehicles last year. During his morning tour to the Hatta Border Crossing, Ahmed Mahboob Musabih, Director-General of Dubai Customs, CEO of Ports, Customs and Free ...

Abu Dhabi / Gulf Time The loader “Nimran”, owned by Al Nokhatha Majed Ahmed Abdullah Al Marzouqi, was crowned champion of Adnoc 22-foot sailing race, organised by Abu Dhabi Marine Sports Club on Saturday. The race witnessed the remarkable participation of sailing loaders from various emirates. The champion loader won 30 thousand dirhams as first place prize. The race, which ...

  Bloomberg The top attorney at the US Department of Transportation (DOT) planned to visit Southwest Airlines Co’s headquarters as part of an investigation into the carrier’s December operations meltdown that affected more than 2 million people, according to government emails. DOT General Counsel John Putnam detailed a proposed agenda for the trip in an earlier email to members of ...

  Bloomberg Amazon.com subsidiary Zappos laid off more than 300 employees — about 20% of its workforce — in January, the Wall Street Journal (WSJ) reported, citing people familiar and a company memo. The cuts, described as being part of broader layoffs at the company, included customer-service representatives at the online shoe and clothing retailer, which Amazon bought in 2009, ...

Bloomberg Tapestry Inc shares jumped the most since November after the high-end retailer raised its full-year earnings outlook, citing more moderate currency headwinds and a sales pickup in China. The Coach owner now sees earnings per diluted share in the range of $3.70 to $3.75. That’s up from its previous range of $3.60 to $3.70 and above the average estimate ...

  Bloomberg Inditex SA shares dropped after the owner of the Zara clothing chain agreed to raise the pay of its store workers in Spain by an average of 20%. The retailer agreed to pay all store workers in Spain a minimum of €1,500 ($1,610) per month, Spanish union UGT said in a statement. That’s a hike of up to ...

  Bloomberg Distressed Brazilian retailer Americanas SA got court approval for a debtor-in-possession (DIP) financing plan of up to 2 billion reais ($379 million) through the sale of local bonds, with its biggest shareholders willing to fund up to half of it. The Rio de Janeiro-based company will sell 1 billion reais of local notes in a first tranche which ...