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 Edge, one of the world’s leading advanced technology and defence groups, successfully completed extensive testing of its airborne cellular solution, Activecell-A with an undisclosed customer. The test demonstrated aircraft integration, highly accurate location acquisition, and full-system performance to support diverse emergency conditions and mission requirements. Developed by EdgeE’s electronic warfare arm Sign4L, the cutting-edge solution ...

  Abu Dhabi / WAM Adnoc Gas on Thursday announced the offer price range and the opening of the subscription period for its IPO on the Abu Dhabi Securities Exchange (ADX). The price range for the offering has been set between AED2.25 to AED2.43 per share, implying an equity value of $47.0 billion to $50.8 billion (AED172.7 billion to AED186.5 ...

  Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE-Azerbaijan economic and trade relations are witnessing steady development, noting that the value of their non-oil trade increased by over three times during the past five years. In a statement to the Emirates News Agency (WAM), Al Zeyoudi stated that ...

LATAKIA / WAM The UAE medical delegation, headed by Dr Salem Alfalasi, made a field tour and inspected the Martyr Major General Hamza Nofal National Hospital, the AlBasel Heart Hospital and the Maternity and Children Hospital in Latakia Governorate, Syria. During the visit, which is part of operation “Chivalrous Knight / 2”, the delegation was received by Dr. Hawazen Makhlouf, ...

  Dubai / WAM Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched six business groups within the F&B industry for HORECA traders, meat and poultry, bakeries, organic food, groceries as well as hypermarkets and supermarkets sectors. “We are on track to reach our goal of setting up 100 business groups by March 2023. ...

  Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has stepped up volunteering initiatives by launching an expanded campaign titled ‘Voluntary Service: A Culture and a Commitment’, with the formation of the Judicial Department Volunteer Team (Dhukhr). The launch of this volunteer campaign is part of the ADJD’s involvement in community outreach, in line with the directives of ...

Abu Dhabi / Gulf Time The stage is set for the third round of 22ft Rabdan Dhow sailing race. Organised by Abu Dhabi Marine Sports Club as the part of Maritime Heritage Festival, the race to be held off the heights of Lulu Island at 3pm on Friday. More than 50 dhows had confirmed their entry for this round. The ...

  Bloomberg Qantas Airways Ltd shares fell the most in almost eight months as the airline flagged higher-than-expected spending on planes in an immediate attempt to cope with the rapid rebound in passenger growth. Demand for flights will “remain strong” into the second half of 2023 and fares will stay significantly above pre-pandemic levels, Qantas said. But with supply-chain blockages ...

  Bloomberg Target Corp will invest $100 million to add six new package-sorting centres in a push to expand its next-day delivery capabilities. The new hubs will be operating by the end of 2026, Target said in a statement. Target already has nine sorting centres, which are located in Colorado, Georgia, Illinois, Minnesota, Pennsylvania and Texas. The company is still ...

  Bloomberg EBay Inc projected revenue in the current quarter that didn’t convince investors the company’s efforts to revive sales are beginning to work. The shares declined in premarket trading. Revenue will be $2.46 billion to $2.5 billion in the period ending in March, or about the same as a year earlier. In the fourth quarter, sales fell 3.9% to ...