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 A rapid increase in Indonesia-UAE bilateral trade since the enforcement of Comprehensive Economic Partnership Agreement (Cepa) on  September 1, and a surge in tourist traffic reflect comprehensive growth in bilateral relations, Husin Bagis, the Indonesian Ambassador to the UAE, told the Emirates News Agency (WAM). “The first UAE-Indonesia Joint Committee Meeting (JMC) held in Abu Dhabi ...

DUBAI / WAM Nasdaq Dubai has welcomed the listing of a $1.5 billion Green Sukuk by DP World, a leading provider of global end-to-end supply chain solutions. The dually listed Sukuk issuance proceeds will be earmarked for eligible green projects in line with the company’s published Sustainable Finance Framework which cut across electrification, renewable energy, clean transportation and energy efficiency. ...

ABU DHABI / WAM The eagerly-awaited second edition of the Global Media Congress will begin tomorrow in Abu Dhabi at the Abu Dhabi National Exhibition Centre (Adnec). Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the Congress is already renowned as one of the ...

BLOOMBERG European stocks rose on Monday ahead of inflation figures in the US and UK that could confirm interest rates have topped out. The Stoxx 600 index climbed 0.7%, buoyed also by Friday’s gains on Wall Street. Health firms were among the strongest performers, with Novo Nordisk A/S rallying almost 4% after a study backed the use of Wegovy, its ...

BLOOMBERG The boost to South Korean stocks from the ban on short-selling has quickly faded, with an index of small-cap stocks erasing all the gains seen following the regulator’s surprise decision. The Kosdaq Index slid 1.9% on Monday. It has fallen in every single session since the ban sparked a 7.3% jump on November 6. Electric vehicle battery names including ...

DUBAI/ GULF TIME Danube Properties, the fastest-growing private real estate developer in the UAE, today announced Sportz, a stylish 39-floor tower that will deliver 1,100 apartments in Dubai Sports City, while also unveiling their first ready-to-move-in project, Eleganz, which will deliver 259 stylish and elegant apartments and townhouses at the Jumeirah Village Circle. Sportz is the 27th project announced by ...

ABU DHABI/ GULF TIME Emirati entrepreneur Dr. Khalifa Saif Almuheirbi, Chairman of the Arabian Gulf Investment Group, has achieved a significant global milestone by securing both the Best Man in Real Estate Award and the Best Real Estate Company Award in the World for 2023. This accomplishment took place at the 2023 Go Global Awards ceremony held in the US ...

DUBAI/ WAM The 64-storey Wasl Tower is set to be one of the world’s tallest buildings to use ceramic fins as a renewable means to achieve energy efficiency, amid preparations to host the upcoming global climate summit COP 28 in the UAE. Aligned with the Year of Sustainability being marked by the UAE this year, the new building further enhances ...

ABU DHABI/ WAM As part of its commitment to the UAE’s Emiratisation agenda, the Central Bank of the UAE (CBUAE) will participate in the 17th annual Tawdheef exhibition from 13th to 15th November 2023, taking place at the Abu Dhabi National Exhibition Centre (ADNEC). Through its participation, the CBUAE will provide UAE nationals with job opportunities across various banking and ...

DUBAI/ WAM Under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE and President of DIFC, the Dubai FinTech Summit returns for its highly anticipated second edition from 6-7 May 2024. A strategic initiative of the Government of Dubai, the summit is ...