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 President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, expressing his sincere condolences and sympathy on the passing of Prince Bandar bin Mohammed bin Saud Al Kabeer Al Saud. His Highness Sheikh Mohammed bin Rashid ...

DUBAI/ GULF TIME In early December, a significant event took place in Dubai at the exclusive Capital Club. Investors had a unique opportunity to engage with the Indonesian development company, MAGNUM ESTATE. The spotlight of the presentation was on the flagship apartment complex, Magnum Residence Sanur. AndreSenkovs, a partner at the company and Head of International Development, shared his thoughts: ...

DUBAI/ GULF TIME Under the auspices of the Dubai Land Department, and in the presence of the Executive Director, Engineer Marwan Ahmed Bin Ghalita, Mr. Imran Farooq , CEO of Samana Developers Company, a members of the Dubai Land Department, and an elite group of the most important journalists, media professionals, and celebrities, the “Samana” project”:Samana Golf Avenue” in Dubai ...

DUBAI/ GULF TIME In a significant stride towards environmental sustainability, GulfDrug proudly announces the successful completion of its innovative solar energy project, aligning with the global environmental dialogue at COP28, held recently in Dubai. This project marks a pivotal moment in GulfDrug’s commitment to addressing the challenges of climate change and contributes to the UAE’s vision of a carbon-neutral future ...

GULF TIME The second edition of the Operational Excellence Conference (OPEX) concluded recently with the theme “Towards Creating Value to all Stakeholders.”Throughout the event, participants explored groundbreaking operational practices in various industrial and service sectors. The primary objective was to leverage these practices to attain the highest level of benefits and facilitate knowledge transfer through the adoption of operational excellence ...

ABU DHABI/WAM Abu Dhabi Commercial Bank (ADCB) has signed an agreement to divest 80 percent stake in its wholly owned property management subsidiary Abu Dhabi Commercial Properties (ADCP) to Nine Yards Plus Holding, a real estate subsidiary of EIH Ethmar International Holding (EIH). The transaction values Abu Dhabi Commercial Properties at AED 591 million and the Bank will register a ...

ABU DHABI/WAM Abu Dhabi Securities Exchange (ADX) announced today that it has signed an agreement with Tajikistan’s Central Asian Stock Exchange (CASE), paving the way for CASE to join the Tabadul platform. While this strategic partnership has been established, the go-live implementation should take place early next year. Once operational, investors will gain the ability to directly trade on both ...

ABU DHABI/WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has visited the Liwa International Festival (Moreeb Dune 2024). The event, held under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, is organised by the Liwa Sports Club ...

DUBAI/ WAM The UAE has been appointed to chair the World Bank’s Cloud Computing Working Group, in recognition of the country’s remarkable progress in advanced technology and digitalisation, as well as its role as a global leader in digital transformation. The selection also acknowledges the UAE’s success in applying international best practices in cloud computing, and supporting government entities and ...

BLOOMBERG Apple Inc’s senior executive overseeing touch-screen technology, health sensors and the company’s Face ID interface is leaving the company, according to people with knowledge of the matter. Steve Hotelling, most recently a company vice president, is retiring from Apple, said the people, who asked not to be identified because the move hasn’t been announced. He had reported to Johny ...