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 Paradigm 3D today opened the doors to its state-of-the-art AED 20 million 3D-printing facility in Dubai — the first in the Middle East capable of producing parts in accordance with the aerospace-specific EASA Part 21G regulation. Outfitted with industry-leading industrial 3D printers from Stratasys Ltd. (NASDAQ: SSYS), the facility will initially focus on producing parts for the region’s ...

DUBAI/ GULF TIME Al Kabayel, a household name in the multi-department store industry in the UAE, celebrates over four decades of delivering exceptional quality and affordable products to its valued customers. Founded in 1977, Al Kabayel embarked on a journey to simplify the shopping experience for its patrons, and today, it stands as a testament to its unwavering commitment to ...

NEW YORK / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, addressed today the UN Climate Ambition Summit in New York, where he reminded the international community that “we are not powerless” to overcome the climate crisis and urged the world to “get after gigatons”. The summit, which is the landmark climate ...

BLOOMBERG JSX Inc, a small carrier that offers private-jet style travel at close to commercial-jet prices, will cut nearly all of its flights out of Austin after losing access to one of its original operating facilities. Starting from October 1, the carrier will drop as many as three flights a day between Austin and Dallas, according to Ben Kaufman, a ...

BLOOMBERG Akasa Air, India’s newest airline, was forced to thin out its schedule after some pilots left and joined bigger competitors. “In the last thirty days, we have rationalised our network,” Akasa CEO Vinay Dube wrote in an email to employees that was seen by Bloomberg News. “We have chosen to fly less and give up market share in the ...

NEW YORK / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has met with Aidrous Al Zubaidi, Deputy Head of Yemen’s Presidential Leadership Council, on the sidelines of the 78th Session of the United Nations General Assembly (UNGA78) in New York. In the meeting, the two sides discussed the developments in the Yemeni crisis and the ...

DUBAI / WAM The Federal Tax Authority (FTA) has signed a memorandum of understanding (MoU) with the Umm Al Quwain Chamber of Commerce and Industry to cooperate on promoting a tax culture among business sectors and contribute to the UAE’s strategy and vision to support the private sector, entrepreneurs, and investors. The agreement was signed by Khalid Ali Al Bustani, ...

WASHINGTON/ WAM The Emirates Nuclear Energy Corporation (ENEC) was hosted by the US-UAE Business Council and the Nuclear Energy Institute (NEI) at a business briefing roundtable in Washington , this week. Mohamed Ibrahim Al Hammadi, Managing Director and Chief Executive Officer of ENEC, spoke about the recently launched Net Zero Nuclear platform ahead of COP28. He provided updates on the ...

ABU DHABI/ WAM Nine Yards, an Abu Dhabi-based real estate developer, has announced the signing of a strategic agreement with the Abu Dhabi Residents Office (ADRO), a part of the Abu Dhabi Economic Development (Added), to boost the real estate investment sector and support Nine Yards’ clients. The agreement aligns with ADRO’s strategic goals of facilitating the affairs of Abu ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has urged private sector establishments to participate in the Sharjah Gulf Localisation Award, a distinguished category within the Sharjah Excellence Award 2023. The award is organised by the SCCI under the patronage of HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, ...