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

  Dubai / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has announced the extension of the deadline for private sector employers to rectify unlimited-term employment contracts of their employees to fixed-term contracts. The new deadline now is December 31, instead of February 2. “The decision stems from our belief in enhancing flexibility, competitiveness and ease of business for ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) and Microsoft UAE on Monday announced their collaboration on Industry 4.0 and broader digital transformation, aiming to set global best practice for the aluminium industry while improving the sustainability of EGA’s computing operations. Both Microsoft and EGA are members of the UAE Ministry of Industry and Advanced Technology’s Industry 4.0 Champions ...

  Dubai / WAM National Bonds has signed an agreement with the Arab Women Authority, the leading NGO aimed at empowering Arab women across the Mena region, to equip women with valuable financial management skills and savings tools. The partnership will see the two organisations join forces to empower women and support their role in societal and economic development and ...

  Dubai / WAM The Dubai Health Authority’s (DHA) Dubai Health Insurance Corporation, at the Arab Health Exhibition and Congress 2023, highlighted the features of the “Wayakom” health initiative designed to serve the needs of Emirati senior citizens in Dubai. Saleh Al Hashimi, CEO of Dubai Health Insurance Corporation at the DHA, highlighted that the distinguished service was launched in ...

  Dubai / WAM Dubai real estate market recorded 568 sales transactions worth AED1.32 billion, in addition to 72 mortgage deals of AED673.74 million, and 12 gift deals amounting to AED30.06 million on Monday, data released by Dubai’s Land Department (DLD) showed. The sales included 532 villas and apartments worth AED1.18 billion, and 36 land plots worth AED141.76 million. The ...

  Dubai / Gulf Time Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, unveiled its largest real estate project, Viewz, a set of twin high-rise towers that once complete will deliver apartments and Sky Villas, with a development value exceeding AED1.4 billion. Launched in partnership with ...

  Bloomberg Ryanair Holdings Plc said it’s confident it can sustain its profitable run into next year and beyond as surging travel demand drives fares and as the company operates more high-capacity, fuel-efficient aircraft. Profit after tax in the fiscal third quarter through December reached €211 million ($229 million), compared with a loss of €96 million a year earlier, Europe’s ...

Bloomberg Chinese online retailer JD.com Inc. is closing its Indonesia and Thailand e-commerce sites as the company shifts its overseas strategy towards supply-chain and logistics services. JD.ID in Indonesia will stop accepting orders from mid-February and all services will be stopped by the end of March, while JD Central in Thailand will cease its operations from March 3, according to ...

  Bloomberg A key Apple Inc supplier has begun making components for AirPods in India, marking a significant step in the US tech giant’s push to expand production in the country. The Indian unit of Jabil Inc. has begun shipping AirPods enclosures, or plastic bodies, to China and Vietnam, where the wireless earphones are assembled, people familiar with the matter ...

  Bloomberg Hennes & Mauritz AB (H&M) shares fell after the Swedish clothing retailer said severe increases in energy, freight and garment prices nearly wiped out profit in the past quarter. Operating income dropped 87% to 821 billion kronor ($80 million) in the three months through November 2022, H&M said, far off analysts’ estimates. The scale of the decline is ...