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 The value of transfers executed in the UAE banking sector through the UAE Funds Transfer System (UAEFTS) reached about AED1.512 trillion in January 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). The banking operations statistics released by the Central Bank showed that the value of transfers executed through the system ...

ABU DHABI/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, sent cables of condolence to Penny Wong, Australian Foreign Minister; Radoslaw Sikorski, Foreign Minister of the Republic of Poland; David Cameron, British Foreign Secretary; Antony Blinken, United States Secretary of State; Mélanie Jolie, Minister of Foreign Affairs of Canada; Ali Muhammad Younis, Chargé d’Affaires of the ...

DUBAI/ WAM DP World has joined forces with Brazilian railway operator Rumo to build a new terminal at the Port of Santos, to handle 12.5 million tonnes a year of grains and fertilisers, positioning the port as Brazil’s primary trade gateway and a key hub for South America. Rumo estimates the total investment for the construction of this state-of-the-art facility ...

ABU DHABI/ WAM First Abu Dhabi Bank (FAB) and Microsoft will collaborate in developing new AI-based banking capabilities under a strategic business partnership signed today, with the UAE’s largest bank and the global technology leader to cooperate on the launch of an ‘AI Innovation Hub’ for financial services. The new AI Innovation Hub will focus on innovation, sustainability, and customer ...

DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced that the Mothers’ Endowment campaign, which he launched on 4th March 2024 to honour mothers by establishing an AED1 billion endowment fund that aims to support the education and training of millions of individuals around the world, has successfully exceeded its ...

HONG KONG / WAM Asian shares were mixed on Tuesday after Wall Street retreated as surprisingly strong US manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates, Associated Press (AP) reported. Hong Kong gained 2.2 percent to 16,906.15. The Shanghai Composite index edged 0.1 percent lower to 3,074.96. China real estate developer Vanke’s Hong Kong-listed ...

ABU DHABI / AD MEDIA OFFICE The National Health Insurance Company – Daman, part of PureHealth has launched a new option for renewing Abu Dhabi Basic Plans for domestic workers via TAMM, Abu Dhabi’s unified digital government platform. In alignment with the digital transformation initiatives, this new process aims to streamline access to healthcare services for insurance renewals while elevating ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has launched its smart app on Apple Vision Pro glasses, becoming the first utility to provide its services through this technology that combines augmented and virtual reality. Dewa is making use of the various capabilities and features of Apple Vision Pro to enhance customer services. The move supports Dewa’s efforts to ...

ABU DHABI / WAM Dr Anwar Gargash, the Diplomatic Adviser to the UAE President, held a meeting with Ambassador Uemura Tsukasa, the Special Envoy of the Government of Japan for the Middle East Peace. They discussed various regional and international matters of mutual interest, including ongoing developments in the region and the significance of efforts towards establishing security and stability ...

ABU DHABI / WAM HH Sheikh Khalid bin Zayed Al Nahyan, Chairman of the Board of Zayed Higher Organisation for People of Determination, attended the concluding lecture of this year’s Majlis Mohamed bin Zayed Ramadan series, titled The UAE’s Humanitarian Legacy. The lecture, which took place in the Majlis Mohamed bin Zayed venue at Abu Dhabi’s Sheikh Zayed Grand Mosque, ...