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

DUBAI / GULF TIME With scorching temperatures in store, Chattels & More offers a solution to unwind and embrace the comfort of home with its latest “Lazy Summer” campaign. Designed to help customers stay cool and enhance relaxation, the campaign showcases a curated collection of Sofa Beds, Reclining Sofas & Armchairs and Modular Sofas.As the centerpiece of the living room, ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Nikenike Vurobaravu of the Republic of Vanuatu on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Mohammed VI of Morocco on the occasion of the Throne Day, which is marked on 30th July. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed ...

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, received His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, along with H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs. During the meeting, Sheikh Mohammed bin ...

ABU DHABI/WAM Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Nicolás Grau, the Minister of Economy, Development, and Tourism of Chile, to explore new avenues to strengthen economic ties between the two countries in the fields of new economy, tourism, aviation, entrepreneurship, e-commerce, renewable energy, technology, and agriculture. Bin Touq emphasised the UAE’s robust and ...

SHARJAH/WAM The value of real estate trade in the Emirate of Sharjah increased during the first half of 2024 by 35.6 percent, compared to the same period in 2023, with over AED18.2 billion. This is mainly due to the increase in sales transactions, recording 10,809 transactions compared to 6,592 recorded during the same period last year. According to the semi-annual report on the real estate sector issued ...

DUBAI/WAM Al Ansari Financial Services (AAFS) has signed a Sales and Purchase Agreement (SPA) to purchase 100 percent of BFC Group Holdings W.L.L., (BFCGH), a prominent foreign exchange and remittance group incorporated in Bahrain, for a total acquisition purchase price of US$200 million (AED735 million). AAFS plans to secure financing under customary market terms to finance the acquisition. The acquisition ...

ABU DHABI/WAM The Abu Dhabi Business Centre at the Abu Dhabi Department of Economic Development (ADDED) announced the addition of 12 new economic activities to the Tajer Abu Dhabi (Abu Dhabi Trader) licence, allowing investors to obtain an economic licence without the need to work from a physical location or to pay rent on commercial space for three years. ADDED ...

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday met with Gabriel Boric Font, President of Chile, at Al Shindagha Majlis. During the meeting, the two leaders discussed ways to further enhance relations between the UAE and Chile, especially in the areas of trade, investment and ...

FUZHOU/WAM Typhoon Gaemi, the third typhoon of this year, has affected 766,900 residents in Fujian Province, resulting in direct economic losses exceeding 1.6 billion yuan (about US$224.35 million), Xinhua News Agency reported. By Sunday morning, Fujian had evacuated 312,700 people from hazardous areas and dispatched 2,763 rescue teams involving 69,400 people and 15,600 pieces of equipment, to carry out emergency ...