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 The UAE continues to lead digital transformation and financial inclusion in the Middle East region, supported by the transformative power of artificial intelligence, which has become evident across a wide range of economic sectors, primarily in the financial and banking sectors. This contributes to strengthening its economic growth and prosperity while solidifying its leading position in the global ...

DUBAI/GULF TIME In today’s fast-paced world, it’s difficult to come by time to take care of home cleaning needs the manual way. Which is why the demand for smart home cleaning solutions is skyrocketing. These innovations are no longer just about convenience; they’re about transforming the way we live. With our lives becoming increasingly busy, smart cleaning products have emerged ...

ABU DHABI/WAM Abu Dhabi National Oil Company P.J.S.C. (ADNOC) announced on Friday that its acquisition of OCI’s 50% + 1 share stake in Fertiglobe, which was announced in December 2023, has received all required approvals and is expected to close on Tuesday, 15th October 2024. Ahead of closing, a block trade will be initiated on the Abu Dhabi Securities Exchange ...

SEOUL/WAM The Republic of Korea’s central bank on Friday cut its key benchmark interest rate, its first pivot in its yearslong monetary tightening mode, as inflation continued to moderate and the property market showed signs of cooling, reported Yonhap News Agency. As widely expected, the Bank of Korea (BOK) slashed its key rate by 25 basis points to 3.25 percent, ...

ABU DHABI/WAM The Abu Dhabi Securities Exchange (ADX) saw today 44 large direct deals executed on the stock of Fertiglobe. According to market data, the trade was executed on 4.15 billion shares with a value of AED13.28 billion at an execution price of AED3.2 per share. Large direct transactions are deals executed outside the order book and do not affect ...

ABU DHABI/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, chaired the second meeting of the BRICS Steering Committee, held via video conferencing and attended by several UAE ministers and officials. The meeting reviewed the latest updates and developments on the UAE’s engagement with the BRICS group and explored ways to further ...

ABU DHABI/WAM Hafeet Rail, the developer and operator of the UAE-Oman Rail Network, has partnered with Progress Rail, a Caterpillar company, to supply 27 state-of-the-art EMD SD70ACS heavy-haul freight locomotives. The locomotives will be custom-designed to withstand the region’s unique environmental conditions while adhering to the highest global standards of safety, security, sustainability, and environmental protection. This took place during ...

ABU DHABI/WAM The United Arab Emirates dispatched an aircraft carrying 37 tonnes of provisions for children and women to support the Lebanese people as part of the ‘UAE Stands with Lebanon’ campaign. The aircraft marks the ninth flight of humanitarian aid dispatched to Lebanon, following the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and under the ...

SHARJAH/WAM Under the directive of His Highness Sheikh Dr. Sultan Bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and the guidance of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Book Authority (SBA), publishers from Palestine, Lebanon and Sudan will be exempt from participation fees at the 43rd edition of the Sharjah International ...

GULF TIME VB World, an innovative dining concept has expanded its presence to the UAE as part of its global growth. Created by its parent company, Namma Veedu Vasanta Bhavan – a renowned South Indian vegetarian restaurant chain established in India in 1974, VB World celebrates nearly 50 years of culinary expertise with an immersive dining experience featuring vegetarian cuisine ...