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 management of Adnoc Distribution revealed its new 5-year growth strategy at an Investor Day in Abu Dhabi on Monday. Speaking at the Investor Day event, Bader Saeed Al Lamki, CEO of Adnoc Distribution, said, “Adnoc Distribution’s new growth strategy is underpinned by three key drivers: domestic growth, international platforms, and future-proofing the business. In its ...

SHARJAH / WAM Air Arabia (PJSC), the region’s leading low-cost carrier (LCC), soared to new heights in 2023, earning a record-breaking net profit of AED1.5 billion, marking a significant 27% increase compared to the previous year’s AED 1.2 billion. The company in its financial results for the full year ending on December 31, 2023, stated that the airline’s turnover for ...

DUBAI / WAM flydubai announced record-breaking annual results for its financial year ending on December 31, 2023, with net profit reaching AED2.1 billion (US$572 million), an increase of 75 percent compared to 2022, marking the carrier’s strongest-ever performance. Meanwhile, the company’s total annual revenue settled at AED11.2 billion (US$3 billion) compared to AED9.1 billion (US$2.5 billion) in 2022; an increase ...

DUBAI/ GULF TIME The National Association for Freight and Logistics (NAFL) and International Federation of Freight Forwarders Associations (FIATA) revealed the key topics and programme of the FIATA-RAME (Region Africa Middle East) Field Meeting & Conference, happening on 5th & 6th March 2024, at the press conference held today at the Taj Exotica Resort, Dubai. The event will be hosted ...

DUBAI/ GULF TIME Galadari Automobiles Co. launched the highly anticipated first-ever MAZDA CX-60 and CX-90 models during the inaugural ceremony of the all-new Mazda Showroom on Sheikh Zayed Road, Dubai, marking a momentous milestone in the 50-year partnership between Galadari Automobiles and Mazda Motor Corporation, Japan. This demonstrates the company’s commitment to excellence as well as successfully meeting customers’ needs, ...

ABU DHABI/ WAM The head of the World Trade Organisation (WTO) on Monday urged member countries to cooperate and deliver concrete results at the ongoing Ministerial Conference, highlighting the importance of trade in addressing global challenges. Opening the WTO’s 13th Ministerial Conference (MC13) in Abu Dhabi, Director-General Ngozi Okonjo-Iweala acknowledged the complex global situation, marked by geopolitical tensions, rising inflation, ...

RAS AL KHAIMAH/ WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received today, at his Palace at the Saqr bin Mohammed City, Francisco Chacón Hernández, Ambassador of Costa Rica to the UAE. RAK Ruler and Ambassador Hernández discussed prospects for boosting cooperation between their countries across all sectors. They also exchanged ...

SHARJAH/ WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah attended the ceremony of the second harvesting season of the wheat farm in Mleiha, and inaugurated the farm’s administrative building. Before the start of the ceremony, Sheikh Sultan toured the accompanying events area, observing samples of Sharjah’s soil and the grains used, as ...

ABU DHABI/ WAM In his welcoming speech to the 13th WTO Ministerial Conference (MC13), Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and Chair of MC13, stressed the historically important role the WTO has played to provide “stability, transparency and predictability for international trade,” contributing to “raising living standards, improving employment opportunities and enabling the expansion ...

ABU DHABI/ WAM DP World has signed a partnership agreement with the Abu Dhabi Future Energy Company (Masdar), a global leader in clean energy, to explore and implement renewable energy systems across its global port operations in the Middle East and Africa. The agreement aims to facilitate the widespread adoption of renewable energy and battery energy storage systems (BESS) within ...