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

DUBAI / WAM Dubai International (DXB) made a stellar start to the year by recording its busiest quarter in history, with 23 million guests passing through its terminals, marking an 8.4% increase compared to the same period last year. In a statement, Dubai Airports said that the total passenger traffic for the quarter reached 23,052,060 guests, with January recording the ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Jakov Milatović of Montenegro, on the occasion of his country’s Independence 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 ...

ABU DHABI / AD MEDIA OFFICE XCath, an early-stage medical device company dedicated to expanding endovascular treatment procedures through smart steerable guidewires and robotic systems, part owned by UAE-based Crescent Enterprises, showcased a first-of-its-kind live telerobotic trial for stroke treatment between Abu Dhabi and Korea. In a presentation at Abu Dhabi Global Healthcare Week (ADGHW), Dr Vitor Mendes Pereira, neurosurgery ...

DUBAI / WAM The total size of the e-commerce market in the UAE reached AED 27.5 billion in 2023, with projections to exceed AED 48.8 billion by 2028, according to the fourth edition of the E-commerce in the Middle East and North Africa 2023 report by EZDubai, a dedicated e-commerce zone in Dubai South. The report was prepared in partnership ...

ABU DHABI / WAM Special Olympics UAE announced that the inaugural UAE Games for People of Determination will begin on Tuesday in Abu Dhabi. More than 1,000 athletes with intellectual and developmental disabilities, students of determination, unified partners, coaches, technical staff and supervisory teams will participate in the event, the organisers said at a press conference at Fatima bint Mubarak ...

ABU DHABI / AD MEDIA OFFICE Tadweer group and DUBAL Holding have signed an agreement to acquire 100 percent of e-waste specialist Enviroserve, with equal ownership of shares among the two entities. Established in 2004, Enviroserve is the only integrated e-waste processing hub in the Middle East, Africa and Caucasus region. The state-of-the-art facility is mainly regarded for its capacity ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has witnessed the signing of an agreement between Edge group, one of the world’s leading advanced technology and defence groups, and Fincantieri, one of the largest shipbuilding companies in the world, formalising the launch of MAESTRAL, an Abu Dhabi-based shipbuilding joint venture ...

ABU DHABI/ WAM ADNOC announced today the acquisition of an 11.7 percent stake in Phase 1 (Trains 1-3) of NextDecade Corporation’s (NextDecade) Rio Grande LNG (RGLNG), a leading liquefied natural gas (LNG) export project located in Texas, United States (US), which is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade announced that they have entered into a ...

WASHINGTON/ WAM The International Monetary Fund (IMF) expects the real gross domestic product (GDP) of the UAE to grow by 4 percent in 2024. In a statement today, following the conclusion of a team of its experts’ visit to the UAE regarding the 2024 Article IV consultations, the IMF stated that economic growth in the UAE is broad-based, driven by ...

DUBAI/ GULF TIME The Forex Traders Summit Dubai, organized by Smart Vision, witnessed an overwhelming turnout in its early hours, with more than 4000 attendees flocking to the event. The summit, which brought together traders, industry experts, and enthusiasts from around the globe, commenced with a resounding success. Hosted at a prestigious venue in the heart of Dubai, the summit ...