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

MUKALLA/ WAM The Emirates Red Crescent (ERC) has launched the “Ramadan Project” to distribute food to patients with cancer, thalassemia, and kidney failure in Mukalla, as well as to needy families in Hadramaut Governorate, Yemen. The project aims to bring joy and happiness during Ramadan by providing 1,122 food baskets to 5,610 individuals in targeted families. Hamoud Rashid Al Shamsi, ...

ABU DHABI/ WAM In the presence of Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia, Investopia signed a new Memorandum of Understanding (MoU) with EFG Consulting to enhance cooperation in the forthcoming round of Investopia Global Talks – Europe in Milan. The dialogues aim to examine recent trends in investment and financing in European markets in ...

ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi—Kezad Group and Al Masaood Automobiles have signed a lease agreement for 12,000 sqm of warehousing space in Kezad Logistics Park Phase 5 as their spare parts logistics centre. Al Masaood Automobiles has been an icon in Abu Dhabi’s automotive market for the past four decades. It is a world-class network of ...

DUBAI / WAM Sheikh Abdullah bin Bayyah, Chairman of the UAE Fatwa Council and Head of the Abu Dhabi Forum for Peace, called upon community members and institutions to support the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to honour mothers by establishing an AED 1 ...

ABU DHABI / WAM The Abu Dhabi Investment Office (ADIO) has signed a collaboration Letter of Intent with Western Australia’s (WA) Department of Jobs, Tourism, Science and Innovation to accelerate growth across shared areas of economic interest. The collaboration is part of a series of strategic Adio initiatives to drive greater private sector opportunities through strengthened relations with Australia. The ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a federal decree appointing Dr Jamal Mohammed Obaid Al Kaabi as Director-General of the National Media Office with the rank of Under-Secretary. The decree also stipulates appointing Ibrahim Abdul Latif Ahmed Al Mosa as Executive Director of the Support Services Sector with the rank ...

WORLD CAPITALS / WAM Gold prices were flat on Wednesday, after falling the most in a month in the previous session, as US inflation raised concerns an interest rate cut by the Federal Reserve may be delayed beyond June, Reuters said. Spot gold was little changed at $2,157.88 per ounce, as of 0438 GMT. US gold futures fell 0.1% to ...

DUBAI / WAM Arabian Travel Market (ATM), which takes place from May 6-9 at the Dubai World Trade Centre, will host prominent international airlines and aircraft manufacturers to discuss the latest industry innovations and solutions. Transformative areas that are likely to be high on the agenda are sustainability and the role of startups and innovators in transporting the industry into ...

ABU DHABI / WAM Aldar Properties announced on Wednesday the launch of Nouran Living, a boutique mid-rise residential address in Saadiyat Island’s Marina District, the latest residential and leisure destination that is being activated within the island’s masterplan. The construction of Nouran Living is scheduled to commence in Q4 2024, with handovers expected in Q4 2027. Nouran Living is also ...

DUBAI / WAM Visa, a global leader in digital payments, has joined the Dubai FinTech Summit (DFS), organised by Dubai International Financial Centre (DIFC) as a Founding Partner & Co-Host, underscoring its dedication to supporting innovative and future thinking businesses on a global scale. Visa has cemented its partnership with DFS through a strategic three-year agreement, demonstrating a solid commitment ...