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 transactions executed in the UAE banking sector through the UAE Fund Transfer System (UAEFTS) exceeded AED17 trillion during 2023, according to the latest statistics from the Central Bank of the UAE (CBUAE). The banking operations statistics, issued by the Central Bank today, showed that the value of transactions executed through the system reached ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah witnessed, in the presence of HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of the Board of Directors of Etihad Rail, the announcement ceremony of the connection of the main track of the UAE’s National Railways Network to the future ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today met with His Excellency Julius Maada Bio, President of the Republic of Sierra Leone, to discuss ties between their two countries and ways to enhance them further, especially in the economic, trade and investment sectors. The two leaders also exchanged views on a number of regional and ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Nana Akufo-Addo of Ghana on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin ...

GENEVA / WAM The UAE ranks fifth in the IPU’s latest ‘Women in Parliament 2023’ report, which is based on parliamentary renewals in 66 chambers in 52 countries in 2023. “Rwanda continues to lead the IPU world ranking with women accounting for 61.3% of seats in the Chamber of Deputies, followed by Cuba and Nicaragua with 55.7% and 53.9% respectively, ...

JEDDAH / WAM Noura Al Kaabi, Minister of State, headed the UAE delegation to the Extraordinary Meeting of the Council of Foreign Ministers of the Member States of the Organisation of Islamic Cooperation (OIC), which was held at the headquarters of the organisation’s Secretariat General in Jeddah, Saudi Arabia. The session was organised based on an invitation by the Kingdom ...

DUBAI / WAM Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company, announced a new partnership with Deucalion Aviation, a global provider of aircraft asset management, financing and investment services to deliver Maintenance, Repair, and Overhaul (MRO) services for the Rolls Royce Trent 700 engines. Announced during MRO Middle East ...

DUBAI / GULF TIME The Portuguese Association of Wood and Furniture Industries, or AIMMP in short, is set to make a significant impact at the Dubai Wood Show 2024, to be held from March 5 to 7 at the Dubai International Convention & Exhibition Centre. As the premier event for the Middle East’s wood, furniture accessories, and woodworking machinery industry, ...

DUBAI/ GULF TIME Held under the patronage of H.H. Sheikh Ahmed Saeed Al Maktoum, Honorary patron of NAFL, the International Federation of Freight Forwarders Associations (FIATA) RAME (Region Africa Middle East) field meeting and the conference opened today at Atlantis Hotel Dubai, in the presence H.E Humaid Bin Salem-Chairman of International Chamber of Commerce UAE, discussing the strategies for seamless ...

DUBAI/ GULF TIME London Gate, a leader in the real estate development sector, has announced the launch of the exemplary Business Center for its new architectural masterpiece, the “Frank Muller Eternitas Tower”, capturing global attention and distinguished by its strategic location in Dubai Marina. It stands as the tallest residential tower in the world bearing the iconic clock by the ...