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

BANGKOK / WAM Asian shares were mixed on Thursday after US stocks broke out of a three-day lull to close at a record, Associated Press reported. Oil prices advanced, while US futures edged lower. The dollar remained strong against the Japanese yen and Chinese yuan, a trend that has unsettled regulators in both Tokyo and Beijing. The dollar rose to ...

ABU DHABI/ WAM The 14th group of wounded Palestinian children and cancer patients arrived in the UAE on Wednesday in response to the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to provide medical treatment for 1,000 wounded children, and 1,000 cancer patients from the Gaza Strip, in the UAE’s hospitals. Departing from Al Arish International Airport, ...

SCOTTSDALE / WAM The third round of the Emirates Arabian Horse Global Cup and the Breeders World Cup is set to kick off tomorrow in Scottsdale, Arizona, United States. The two cups are held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the ...

PRAGUE / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, met with Jan Lipavský, Minister of Foreign Affairs of the Czech Republic. During the meeting, which was held as part of HH Sheikh Abdullah’s working visit to Prague, the two sides discussed ways of boosting bilateral relations and joint cooperation. The two minister reviewed avenues of ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) has announced signing a deal with SAP to transform its core enterprise resource planning solution to SAP’s latest S/4HANA software. EGA uses SAP software solutions to manage functions such as marketing & sales, supply chain, finance, human capital, production planning & scheduling, and plant maintenance across its global business. Currently, EGA processes ...

ABU DHABI/ WAM ADNOC announced today the start of crude oil production from its Belbazem offshore block, underscoring the company’s commitment to responsibly meet the world’s growing demand for energy. The Belbazem offshore block is operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petroleum Corporation (CNPC). ADNOC’s innovative approach in developing the block includes leveraging ...

SHARJAH / WAM The Sharjah Department of Islamic Affairs has announced that 700 Quran memorisation sessions are being held in mosques across the emirate during the holy month, attracting 29,000 learners from diverse age groups. Driven by a commitment to the Quran, these individuals are committed to memorising and studying the Quran alongside mastering the rules of Tajweed. The department ...

ABU DHABI / WAM The National Health Insurance Company-Daman, part of PureHealth, has announced a partnership with AXA – Global Healthcare to offer members enhanced International Private Medical Insurance (IPMI). Daman’s customers with international coverage plans will benefit from new global coverage plans that provide members access to AXA’s Select network of 1.9 million healthcare providers worldwide. The new Global ...

MUKALLA/ WAM The Emirates Red Crescent (ERC) has launched a campaign to support charitable bakeries in Mukalla, Ash Shihr, and Ghail Bawazir in Hadramaut Governorate, Yemen. The goal is to enhance food security and address the needs of the local population. This effort is part of ERC’s continuous support for needy families in the governorate. During the second half of ...

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) said that employers subject to the provisions of Federal Law No.57 of 2023 regarding pension and social security are required to register their Emirati employees within 30 days of their employment. Entities must provide the GPSSA with the names of insured Emiratis whose service periods end within 15 ...