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 Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the Sheikh Zayed Festival will begin tomorrow and run until 9th March 2024. This year’s edition will see substantial participation from ...

DUBAI / GULF TIME Citi Developers, a global master developer with a legacy of over a decade of trust and quality announced the launch of Aveline Residences. Aveline Residences is an exquisite collection of 263 apartments located in the heart of Jumeirah Village Circle. Scheduled for handover in Q2 2026, the project offers a variety of unit types catering to ...

BLOOMBERG Renault SA will rejuvenate the Twingo for the electric era as part of broader efforts to show its EV business can quickly bring new plug-in models to market. The redesigned city car, presented at an investor event, will be sold from 2026 for less than €20,000 ($21,680), putting Renault in contention to produce affordable EVs in Europe. Chinese manufacturers ...

BLOOMBERG Honda Motor Co will hike the pay of some US employees by 11% following the United Auto Workers’ (UAW) historic contract victories at its unionised Detroit competitors, according to a company memo seen by Bloomberg. “Honda continuously reviews our total rewards packages to ensure we remain competitive within our industry,” the company’s human resources department wrote in a memo ...

ABU DHABI / WAM TRENDS Research and Advisory organised a panel discussion entitled “Youth, Education and the Future of Media” at its pavilion at the Global Media Congress (GMC) held at Abu Dhabi International Exhibition Centre. The event was attended by an elite audience of researchers, media professionals, students, and content managers. The “Trends Podcast” recorded six episodes that discussed ...

ABU DHABI / WAM The Emirates News Agency (WAM) and the Fujairah Government Media Office signed a media Memorandum of Cooperation (MoC) to coordinate and prepare for the Fujairah Media Forum, which will be held in February 2024 under “Parallel Media”. The agreement, which was signed on the sidelines of the second edition of the Global Media Congress, aims to ...

ABU DHABI / WAM Dr Caroline Faraj, Vice President CNN Arabic, said that the United Arab Emirates has become a leading hub for major regional and international media entities, given its incentive environment that attract and encourage creators and innovators. In a statement to the Emirates News Agency (WAM) on the sidelines of her participation in the Global Media Congress, ...

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, on Thursday received Bogdan Octavian Badica, Ambassador of Romania to the UAE, at the Saqr bin Mohammed City. Sheikh Saud and the Romanian ambassador reviewed a number of issues of mutual interest and ways to boost the distinguished ties ...

ABU DHABI/WAM Abu Dhabi Future Energy Company (Masdar), and its partners Abu Dhabi National Energy Company (TAQA), EDF Renewables and JinkoPower, together with procurer Emirates Water and Electricity Company (EWEC), have inaugurated the world’s largest single-site solar power plant ahead of the UAE hosting the UN Climate Change Conference (COP28). The 2 GigaWatt Dhafra Solar Photovoltaic Independent Power Project was ...

BLOOMBERG Chinese stocks slid following a much-anticipated meeting between Presidents Joe Biden and Xi Jinping, as traders saw only modest progress in the strained ties and as fresh data renewed concern over the world’s second-largest economy. The Hang Seng China Enterprises Index closed down 1.4% to lead losses among major Asia equity gauges. It jumped 4% in the previous session ...