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

DUBAI / WAM The Dubai Centre for Family Businesses, which operates under the Dubai Chambers umbrella, has released a ‘Sample Article of Association for Family Businesses’ to outline effective management and governance procedures, as well as corporate best practices, in a bid to promote growth and continuity among family businesses in the Emirate of Dubai. The Sample Article of Association ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (30) of 2023 establishing ‘Parkin’ company, a public joint stock company (PJSC) that will oversee operations related to parking spaces in Dubai. As per the law, the newly established company ...

BLOOMBERG Bitcoin has sprinted to a more than 6% gain over the first three days of January, bucking a dour start to the year in global markets. The largest digital asset traded above $45,300 on Wednesday in London, buoyed by expectations that the US will soon allow the country’s first spot Bitcoin exchange-traded funds. General crypto optimism also encouraged advances ...

BLOOMBERG Bonds extended their drop as traders braced for a swathe of US data that could show whether bets on interest-rate cuts this year are justified. Government debt fell across Europe and US Treasury yields rose, leaving the rate on the 10-year bond up five basis points at 3.98%. The Stoxx 600 benchmark and futures contracts on US shares edged ...

ABU DHABI/ WAM H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior offered his condolences on the passing of Sheikha Mahra bint Khaled bin Sultan Al Nahyan at the mourning majlis in Abu Dhabi. He expressed his sincere sympathies to the family of the deceased, praying to Allah Almighty to rest her ...

MADRID/ WAM AD Ports Group (ADX: ADPORTS), one of the world’s premier facilitators of logistics, industry, and trade, announces that Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spain for a total purchase consideration (Enterprise Value – EV) of EUR 10 million. The agreement, which was reached with APM Terminals, ...

ABU DHABI/ WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has offered his condolences on the passing of Her Highness Sheikha Mahra bint Khaled bin Sultan Al Nahyan, at Al Bateen mourning majlis in Abu Dhabi. His Highness expressed his sincere sympathies to His Highness Sheikh Suroor bin Mohammed Al Nahyan, His ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received condolences on the passing of Sheikha Mahra bint Khaled bin Sultan Al Nahyan. His Highness was accompanied at the condolence majlis in Abu Dhabi by H.H. Sheikh Tahnoun bin Saeed Al Nahyan and several other sheikhs. Those present conveyed their sympathies and condolences to the family ...

BLOOMBERG If your New Year’s resolution includes flying the most punctual airlines—in addition to choosing the best airports—the 2023 annual on-time performance results from Cirium, published on January 2, should help. The aviation analytics company studies data on more than 35 million flights a year, including schedules, airline fleets and airports, to deliver insights on the aviation industry at large. ...

BLOOMBERG Tesla Inc delivered more vehicles than expected in the fourth quarter as the Elon Musk-led company dropped behind China’s BYD Co in global electric-car sales. Tesla handed over 484,507 vehicles in the last three months, beating analysts’ average estimate for 483,173 deliveries. BYD sold 526,409 fully electric vehicles in the quarter to become the new No 1 in EVs, ...