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 total size of the e-commerce market in the UAE reached AED 27.5 billion in 2023, with projections to exceed AED 48.8 billion by 2028, according to the fourth edition of the E-commerce in the Middle East and North Africa 2023 report by EZDubai, a dedicated e-commerce zone in Dubai South. The report was prepared in partnership ...

ABU DHABI / WAM Special Olympics UAE announced that the inaugural UAE Games for People of Determination will begin on Tuesday in Abu Dhabi. More than 1,000 athletes with intellectual and developmental disabilities, students of determination, unified partners, coaches, technical staff and supervisory teams will participate in the event, the organisers said at a press conference at Fatima bint Mubarak ...

ABU DHABI / AD MEDIA OFFICE Tadweer group and DUBAL Holding have signed an agreement to acquire 100 percent of e-waste specialist Enviroserve, with equal ownership of shares among the two entities. Established in 2004, Enviroserve is the only integrated e-waste processing hub in the Middle East, Africa and Caucasus region. The state-of-the-art facility is mainly regarded for its capacity ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has witnessed the signing of an agreement between Edge group, one of the world’s leading advanced technology and defence groups, and Fincantieri, one of the largest shipbuilding companies in the world, formalising the launch of MAESTRAL, an Abu Dhabi-based shipbuilding joint venture ...

ABU DHABI/ WAM ADNOC announced today the acquisition of an 11.7 percent stake in Phase 1 (Trains 1-3) of NextDecade Corporation’s (NextDecade) Rio Grande LNG (RGLNG), a leading liquefied natural gas (LNG) export project located in Texas, United States (US), which is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade announced that they have entered into a ...

WASHINGTON/ WAM The International Monetary Fund (IMF) expects the real gross domestic product (GDP) of the UAE to grow by 4 percent in 2024. In a statement today, following the conclusion of a team of its experts’ visit to the UAE regarding the 2024 Article IV consultations, the IMF stated that economic growth in the UAE is broad-based, driven by ...

DUBAI/ GULF TIME The Forex Traders Summit Dubai, organized by Smart Vision, witnessed an overwhelming turnout in its early hours, with more than 4000 attendees flocking to the event. The summit, which brought together traders, industry experts, and enthusiasts from around the globe, commenced with a resounding success. Hosted at a prestigious venue in the heart of Dubai, the summit ...

DUBAI/ GULF TIME Exness, one of the world’s largest brokers, announces its partnership with Forex Traders Summit Dubai 2024 as the Official Sponsor. The prestigious event, taking place 19-20 May 2024 at the Dubai Festival Arena, attracts financial markets professionals, traders, IBs, partners, and trading enthusiasts for 2 days of networking and knowledge-sharing. As the main sponsor, Exness will take ...

ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has reaffirmed its commitment to supporting Emirati beekeepers by providing high-quality queen bees of the local Emirati honey bee breed. The announcement coincides with the celebration of World Bee Day on May 20 each year. Last March, ADAFSA bred and produced 2,693 queen bees from the ninth ...

SHARJAH / WAM Sheikha Bodour Al Qasimi, Founder and Chairperson of Kalimat Foundation, and a champion of youth development, has led a book donation visit to the Thessaloniki Central Library in the Hellenic Republic to improve children’s access to literacy and reading, under the Kalimat Foundation’s ‘Pledge a Library’ initiative. The visit witnessed the attendance of Dr Ali Obaid Al ...