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

DUBAI/WAM SANDBOX, the Accelerator programme dedicated to the growth of tech startups, and part of Oraseya Capital, the venture capital investment arm of the Dubai Integrated Economic Zones Authority (DIEZ), today announced the conclusion of its fourth cohort. Seven technology startups received investment from Oraseya Capital, with each startup receiving AED 570,000 (USD 150,000) following their success in the programme, ...

AJMAN/WAM The Free Zones Authority of Ajman has maintained its steadfast efforts this year in bolstering the emirate’s economic diversification strategy and stimulating the investment and trade landscape in the emirate, with an increase of 18 percent year-on-year (YoY) in net profit in H1 2024. The Authority reported a 70 percent growth in the number of companies operating in the ...

ABU DHABI/WAM As part of its efforts to enhance agricultural production and increase its contribution to strengthening national food security in the UAE, the Ministry of Climate Change and Environment (MOCCAE) has announced the launch of a programme to improve the efficiency of agricultural advisory services (agricultural extension). The programme aims to improve the skills of agricultural extension agents or ...

NOUAKCHOTT/WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, attended the inauguration ceremony of Mohamed Ould Ghazouani, who was re-elected as President of the Islamic Republic of Mauritania after winning presidential elections. Sheikh Shakhboot bin Nahyan conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al ...

LONDON/WAM The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy have eased, Associated Press (AP) reported. In a statement Thursday, the bank said that by a 5-4 margin, its policymaking panel backed a quarter-point reduction in its main interest rate to ...

ABU DHABI/WAM The Central Bank of the UAE (CBUAE) imposed a financial sanction on a bank operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations. The financial sanction is the result of the findings of an examination conducted ...

COPENHAGEN/WAM Extreme heat kills over 175,000 people a year in Europe, where temperatures are rising quicker than the rest of the globe, the World Health Organisation (WHO) said Thursday. In a statement, the WHO Regional Director for Europe Dr. Hans Henri P. Kluge said, “The WHO European Region is the fastest-warming of the six WHO regions, with temperatures rising at ...

ABU DHABI/WAM The United Arab Emirates has welcomed the ceasefire announcement between the Democratic Republic of the Congo and the Republic of Rwanda, in North Kivu region, east of the DR Congo. Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, affirmed the deep-rooted historic ties between the UAE and the African continent, and commended the endeavours of the Republic ...

GULF TIME The well-known Prague hotel Alcron, located in the center of one of the most beautiful European metropolises, underwent a complete renovation and reopened its doors earlier this year as Almanac X Alcron Prague. The icon of the European hotel industry belongs to the luxurious collection of prestigious hotels Almanac Hotels, which is owned by the Viennese Haselbacher family. 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 approved the launch of the Medeem Centre for Family Nurturing, part of the Medeem initiative launched by the Department of Community Development in April 2024. During a meeting with the Department of Community Development’s senior management, ...