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 A tourism delegation led by the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, visited Kuwait to boost awareness about the emirate and increase inbound tourism from the GCC country. The delegation, which included partners; Etihad Airways and Experience Hub, visited Kuwait City to host a roadshow at the Radisson Blu hotel. Participating ...

DUBAI / WAM Dubai Asset Management announced the rollout of phase one of the first fully digital and paperless property rental experience in partnership with Smart Dubai. The smart solution is accessible via DubaiNow, a comprehensive platform available as a website and a mobile app that integrates the services of government and private sector partners. The move aligns with the ...

Abu Dhabi / WAM The UAE’s Hamda Al Hosani will have to make room for another medal in her cabinet after winning gold in the 200m final at Special Olympics World Games Abu Dhabi 2019. At Dubai Police Stadium on Sunday, the 30-year-old sprinter crossed the finish line in an impressive time of 32.14 seconds. Canada’s Eva Bell, who crossed ...

HADRAMAUT / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC), provided new batches of food aid to the residents of Wadi Yebaith, Wadi Hawl and Al Ghamssah in Yebaith District, Hadramaut. The aid included the distribution of 1,300 food parcels weighing 104,910 tonnes, to assist 6,500 underprivileged individuals. The number of food parcels distributed by the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Ashraf Ghani of Afghanistan, discussed bilateral ties between the two friendly nations, and means to advance cooperation between them. Sheikh Mohamed bin Zayed welcomed the visit of the Afghan President and his ...

Dubai / WAM Free zones are now present in more than 80 percent of states in the world, including emerging countries, and comprise nearly 30 percent of global trade. Asia region consists of the largest number of free zones in the world, followed by North America, South America, and the Middle East. With 160 free zones (7.3 percent), the Middle ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) announced launching of Mubader Package, an exclusive business set-up package for final year students and fresh graduates to support young talents in pursuing their entrepreneurial dreams. “This era is brimming with young, creative talents who have real appetite for entrepreneurship. Their drive and ideas are endless; all they need ...

Dubai / Emirates Business Omar Sultan Al Olama, Minister of State for Artificial Intelligence, said that the UAE Government adopts the uses of artificial intelligence technologies in the education sector in order to build abilities and skills of future generations and enhance their educational experience. This came during the launch of UAE AI Camp second edition, in the presence of ...

Bloomberg Low inflation sweeping across Southeast Asia is here to stay, raising the odds some of the region’s biggest economies may reverse course on interest rates this year. Food prices have been falling across the region, driving down inflation and pushing up real interest rates. Malaysia is already in deflation, while others like Thailand are seeing almost stagnant price growth. ...

Bloomberg Singapore Post Ltd. is likely to wind down or sell its loss-making US e-commerce business after conducting a strategic review of the unit, according to a Bloomberg survey. A potential divestment or shuttering of the business will bode well for SingPost’s long-term profitability, according to four analysts covering the stock. Two brokers including CLSA Ltd. have factored in benefits ...