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

DUBAI/WAM Emirates Central Cooling Systems Corporation PJSC (Empower) announced a substantial increase in new customer registrations across all sectors in Dubai. The company witnessed a 41 percent growth in the number of new customers registered electronically from both public and private sectors during the past five years, from 2019 to 2023, reflecting a growing preference for Empower’s district cooling services. ...

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, met with Chen Miner, Member of the Politburo of the Chinese Communist Party and Communist Party Secretary of Tianjin. Welcoming Miner and his accompanying delegation, His Highness Sheikh Mohammed emphasised the deep ties and extensive cooperation between the UAE and the People’s Republic ...

ABU DHABI/WAM Noatum Logistics, an AD Ports Group company and a leading logistics provider, has announced the launch of its new rail logistics solution for the Middle East region. The new service, which complements Noatum Logistics’ integrated regional portfolio of freight forwarding products leveraging land, sea, and air transport, was inaugurated with the launch of its first rail shuttle service ...

ABU DHABI/WAM National banks boosted their investments in local stock markets by AED4.4 billion over 12 months, according to the latest statistics from the Central Bank of the UAE (CBUAE). According to Central Bank statistics, national banks raised their equity investments to AED16.1 billion at the end of May, a year-on-year (YoY) increase of 37.6 percent compared to AED11.7 billion ...

DUBAI/WAM The Dubai Multi Commodities Centre (DMCC) and the global crypto exchange Bybit have launched their second joint hackathon with US$100,000 on offer for the most innovative Web3 businesses. This latest hackathon follows the success of their first edition in November 2023, which focused on innovations across Web3, including artificial intelligence (AI), gaming, and information security. Applications for the second edition ...

DUBAI/WAM Dubai’s Knowledge and Human Development Authority (KHDA) is committed to ensuring that schools and educational institutions deliver the highest quality of education, aligning with the leadership’s vision for Dubai to become a global leader in education and learning, according to Aisha Miran, Director-General of KHDA. In conversation with editors-in-chief of UAE media outlets, Aisha Miran emphasised the Authority’s dedication ...

ABU DHABI/WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, today received Chen Miner, Member of the Politburo of the Chinese Communist Party and Communist Party Secretary of Tianjin, at Qasr Al Watan in Abu Dhabi. At the beginning of the meeting, Chen conveyed the greetings of Xi Jinping, ...

ABU DHABI/WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has visited the 21st Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX), organised by the Emirates Falconers’ Club. The event is taking place at ADNEC Centre Abu Dhabi until 8th September 2024, under the theme “Embracing the ...

BRUSSELS/WAM Belgium has nominated Foreign Minister Hadja Lahbib as the Belgian Commissioner in the upcoming European Commission. This decision was conveyed in a letter from Belgian Prime Minister Alexander De Croo to the President of the European Commission, Ursula von der Leyen. The European Commission comprises the current President, who is from Germany, and 26 Commissioners representing the other member ...

RAS AL KHAIMAH/WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, welcomed this year’s cohort of 67 outstanding students and graduates from the Scholarship Office, managed by the Sheikh Saud bin Saqr Al Qasimi Foundation for Policy Research on behalf of the Ras Al Khaimah Government. During the reception at Al Diyafa ...