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 UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, have sent congratulatory messages to Sultan Haitham bin ...

BAKU/WAM In a landmark commitment to global climate action at COP 29, Saeed Mohammed Ahmed Al Tayer, Chairman of the World Green Economy Organisation (WGEO), and Abdallah Al Dardari, UN Assistant Secretary-General & Director of the Regional Bureau for Arab States at the United Nations Development Programme (UNDP), signed a new partnership agreement to boost their collaboration on fostering a ...

ABU DHABI/WAM Roberta Gatti, Chief Economist of the Middle East and North Africa (Mena) region of the World Bank, emphasised confidence in the continued growth of the UAE’s economy during 2024 and 2025. In statements to the Emirates News Agency (WAM) on the sidelines of the announcement of the World Bank Group’s cooperation with the Abu Dhabi Global Market Academy ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan extended his condolences on Monday to His Excellency Staff Major General Pilot Faris Khalaf Al Mazrouei, Commander-in-Chief of Abu Dhabi Police and Chairman of Abu Dhabi Heritage Authority, on the passing of his mother. During his visit to the condolence majlis, His Highness conveyed his sincere condolences to ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohammed bin Zayed Al Nahyan has received a written message from His Highness Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait, which included an invitation to attend the meeting of the Supreme Council of the Gulf Cooperation Council (GCC) leaders, scheduled to be hosted by the State of Kuwait on 1st December 2024. ...

GULF TIME Thapar Institute of Engineering and Technology (TIET), a leader in engineering and technology education, has recently launched its state-of-the-art data center under the Thapar School of Advanced AI and Data Science (TSAAI). This transformative collaboration with NVIDIA underscores TIET’s commitment to advancing AI and data science education and research in India. Equipped with NVIDIA DGX systems powered by ...

ABU DHABI/WAM Emirates Global Aluminium (EGA) is playing an active role in supporting the national economy as a key driver of the aluminium sector, said Abdulnasser Ibrahim Saif bin Kalban, Chief Executive Officer of EGA. In 2023, EGA’s direct, indirect, and induced economic contribution totalled over $6.5 billion, supporting over 57 thousand jobs and accounting for around 1.3% of GDP. ...

GAZA/WAM Four convoys carrying various humanitarian aid from the UAE have entered Gaza this week through Egypt’s Rafah border crossing. This effort aligns with the UAE’s ongoing humanitarian mission to support and assist the Palestinian people during the current challenging circumstances, as part of Operation Chivalrous Knight 3. The convoys consist of 47 trucks loaded with over 605 tonnes of ...

BAKU/WAM Abu Dhabi Future Energy Company (Masdar) and SOCAR Green, a wholly-owned subsidiary of SOCAR dedicated to sustainable projects, have reached financial close for the 445MW Bilasuvar and 315MW Neftchala solar projects in Azerbaijan. The European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB) and the Asian infrastructure and Investment Bank (AIIB) are financing the two solar ...

DUBAI/WAM Aligned with leadership directives to enhance infrastructure in residential areas, support urban expansion, and elevate residents’ quality of life, Dubai’s Roads and Transport Authority (RTA) has launched a project to improve access points for four neighbourhoods. The upgraded entry and exit points – located along Sheikh Mohammed bin Zayed Road, Emirates Road, Sheikh Zayed bin Hamdan Al Nahyan Street, ...