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 UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan welcomed a delegation from the Ministry of Industry and Advanced Technology today, along with several Emiratis working in the industrial sector. The meeting also included representatives from industrial companies and partners of the ‘Industrialists Programme,’ an initiative focused on creating jobs in industry and advanced technology. This programme ...

THAILAND / GULF TIME For three decades, Chiva-Som has been a pioneer in the realm of holistic wellness. The renowned resort has redefined the concept of wellness destination, offering a transformative experience that encompasses the mind, body, and spirit. At the heart of Chiva-Som’s philosophy lies personalisation. Guests embark on a bespoke wellness journey, guided by expert practitioners who tailor ...

DUBAI/WAM DMCC—the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise—has announced key performance results in H1 2024, recording 1,023 new member companies, bringing its total to almost 25,000 companies. DMCC now accounts for 15% of all foreign direct investment (FDI) in Dubai, up from 11% last year, and 7% of the emirate’s GDP. DMCC’s ...

DUBAI/WAM Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion trust certificate issuance programme. In a statement on Monday, Nasdaq Dubai said, “This is a significant listing, as it marks the first-ever Sustainability Sukuk to be issued in Kuwait in ...

VIENNA/WAM The Organisation of the Petroleum Exporting Countries (OPEC) said the UAE’s economy continues to demonstrate robust growth, particularly within non-oil sectors such as real estate, tourism, and manufacturing. In its Monthly Oil Market Report (MOMR) for August 2024, housing, water, electricity, gas, and other fuels – constituting over 40 percent of the Consumer Price Index (CPI) – saw a ...

ABU DHABI / GULF TIME UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent an inspiring message for the youth for International Youth Day. His Highness Sheikh Mohamed took to social media platform X, formerly Twitter, to extend his wishes. His Highness Sheikh Mohamed said, “On International Youth Day, we celebrate the important role of youth in ...

ABU DHABI / GULF TIME Millennium Al Rawdah Hotel has experienced a remarkable transformation under the leadership of its young and dynamic General Manager, Nidal Saloum. Since taking the helm in May 2023, Nidal’s bold and passionate approach has driven the hotel to unprecedented levels of success, making him a standout figure in the hospitality industry. Nidal’s leadership has been ...

DUBAI/WAM The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office and Samsung Gulf Electronics have announced a groundbreaking partnership to integrate Samsung’s Innovation Campus (SIC) into the UAE AI Camp 2024. This collaboration marks a significant step towards promoting AI learning among the UAE’s youth, aligning with the UAE Strategy for Artificial Intelligence 2031. The partnership will see ...

PARIS/WAM Dr Ahmed Belhoul Al Falasi, Minister of Sports, welcomed Dr. Ashraf Sobhi, Minister of Youth and Sports of the Arab Republic of Egypt, at the UAE Olympic House in Paris, in the presence of Alaa Youssef, Egyptian Ambassador to France. Dr Al Falasi and his Egyptian counterpart discussed ways to enhance cooperation in various areas of sports, and the ...

Al ARISH/WAM A team of 25 Indonesian doctors have collaborated with the UAE medical professionals to provide healthcare services aboard the Emirati Floating Hospital in Al Arish, Egypt. Their deployment was part of Operation Chivalrous Knight 3 to provide top-tier healthcare services to the wounded Palestinians in the Gaza Strip. The involvement of the Indonesian medical team is a testament ...