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

  WORLD CAPITALS / WAM Gold prices were flat in range-bound trade on Wednesday as the dollar ticked higher, with cautious investors awaiting more cues on the US Federal Reserve’s monetary policy direction, Reuters said. Spot gold was steady at $2,179.33 per ounce, as of 0747 GMT. Also, US gold futures were little changed at $2,178.50. Spot silver was flat ...

  BANGKOK / WAM Asian shares were mixed on Wednesday after Wall Street slipped a bit further from its record highs, Associated Press (AP) reported. Oil prices fell while US futures edged higher. Chinese shares slipped even as China’s central bank governor told a high-level business conference in Beijing that property industry was showing signs of recovery. Hong Kong’s Hang ...

PRAGUE/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, met with Petr Fiala, Prime Minister of the Czech Republic, during His Highness’ working visit to Prague. Prime Minister Fiala welcomed the visit of the UAE Top Diplomat as the two sides discussed the bilateral relations between the two nations, and ways to further enhance cooperation in a ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, received a written message from Salva Kiir Mayardit, President of the Republic of South Sudan, on strengthening relations between the two friendly countries. The message was received by Dr Anwar Gargash, Diplomatic Adviser to the UAE President, during his meeting today with Dr Benjamin Bol Mel, Special ...

ABU DHABI / WAM The General Civil Aviation Authority (GCAA) has launched the Cargo Data Reporting System (CARDS), which provides a range of technical services to government entities, national airlines, ground handling agents and express service providers. CARDS is the first platform of its kind to provide an analytical view of air cargo movements to, from and through the UAE ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) lit up prominent landmarks across the country in red, celebrating World TB Day on March 24 observed this year under the theme “Yes! We can end TB.” Illuminated landmarks included Dubai Frame, Mohammed bin Rashid Library, Fujairah Fort, Zayed Sports Complex in Fujairah, and Ajman Museum. The initiative, conducted in ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) has announced a new incentive initiative crafted exclusively for established businesses situated on Al Reem Island, operating within the non-financial and retail sectors. This initiative is strategically designed to bolster support for these businesses during their transition from the Abu Dhabi Department of Economic Development (ADDED) to ADGM. Through this incentive ...

DUBAI / WAM Saumitra Sehgal, Head of Financial Services in the Middle East at Roland Berger, a global strategy consultancy, said that the revenue of the UAE bank branches is the highest in the region at US$18.6 million per branch for retail services. Sehgal added, in statements to Emirates News Agency (WAM), that digital transformation has enabled Gulf banks to ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has approved the launch of the Yas Canal residential project in Al Raha Beach. The AED3.5 billion project will include 1,146 residential villas for UAE Nationals and is being overseen by the Abu Dhabi Housing ...

WORLD CAPITALS / WAM Gold prices were stuck in a tight range on Tuesday as investor focus turned to US inflation data due later this week, which could shed more light on the timing of the Federal Reserve’s first interest rate cut this year, Reuters reported. Spot gold was little changed at $2,172.58 per ounce, as of 0549 GMT. Also, ...