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 tourism sector in the United Arab Emirates has witnessed a wave of recovery and growth since the beginning of the current year, highlighted by high-performance indicators in all aspects of the sector. This bodes well for an exceptional tourist season, especially with a busy agenda of global events and major activities hosted by the country in ...

SHARJAH/ WAM Expo Centre Sharjah (ECS) has unveiled its annual events calendar for 2024, featuring a lineup of 49 exhibitions and festivals to be hosted at its headquarters in Sharjah and affiliate centres in Khorfakkan and Al Dhaid. ECS thus continues its trailblazing work advancing the growth of Sharjah’s exhibitions sector and providing state-of-the-art platforms to keep pace with the ...

DUBAI/ WAM The UAE announced its participation in the 54th edition of the World Economic Forum (WEF) 2024, which will be held in Davos-Klosters, Switzerland between 15th and 19th January. This year’s participation of the UAE is characterised by the involvement of more than 100 personalities, including heads of national companies and corporate leaders, leading private sector firms, government officials, ...

DUBAI/ WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), said that DEWA commissioned 1,414 distribution substations of 11kV across Dubai in 2023. The construction of the substations and related tasks resulted in a total of 996,648 man-hours, according to the highest standards of health and safety. “In line with the vision and directives ...

DUBAI/WAM H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and Member of the Dubai Council, visited the third edition of the ‘Al Marmoom: Film in the Desert’ festival, organised by Dubai Culture at Al Marmoom Desert Conservation Reserve. The festival, a key highlight of the Dubai Destinations winter campaign, seeks ...

AJMAN/WAM H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has issued two Emiri Decrees No. (15) of 2023 establishing the Ajman Centre for New Projects (Free Zone) and No. (1) of 2024 concerning the appointment of Sheikh Mohammed bin Abdullah bin Sultan Al Nuaimi as its Chairman. The decrees shall come into force from ...

DUBAI / WAM A total of 2,910 real estate and properties transactions valued at AED10.1 billion were conducted during the week ending 12th January, according to the Dubai Land Department (DLD). The DLD weekly report said that 209 plots were sold for AED 2.19 billion, while 2,100 apartments and villas were sold for AED 4.84 billion. The top three transactions ...

ABU DHABI / WAM ADQ, an Abu Dhabi-based investment and holding company, and ADNEC Group today announced the signing of definitive agreements for the strategic acquisition of a 40.5 percent stake in Egypt-based Talaat Moustafa Group Holding’s hospitality arm, ICON Group through a capital increase. ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership ...

ABU DHABI / WAM The UAE Ministry of Investment has signed a Memorandum of Understanding (MoU) with the Ministry of Digital Development, Innovations, and Aerospace Industry of the Republic of Kazakhstan and the Sovereign Wealth Fund Samruk-Kazyna. This strategic agreement aims to create a framework for investment cooperation in data centre and artificial intelligence (AI) projects in Kazakhstan. The MoU ...

ABU DHABI / WAM Ali Rashid Al Nuaimi, Chairman of the Defence, Interior and Foreign Affairs Committee at the Federal National Council (FNC) and Chairman of the UAE Parliamentary Division at the Inter-Parliamentary Union (IPU), today, met with Waven William, Chairperson of the International Affairs Committee of the National Assembly of Seychelles and President of the Standing Committee on Sustainable ...