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 Hazar Haute Couture, the bridalwear brand synonymous with timeless elegance and meticulous craftsmanship, is set to unveil its Autumn-Winter 2024 Bridal Collection, aptly named The Golden Era. The grand reveal will take place at the Hazar Haute Couture Trunk Show on Friday, 19th January 2024. The Golden Era is Hazar’s ode to a new beginning in bridal ...

DUBAI/ GULF TIME Green Motors, the sole authorized dealer of DFSK introduces a wide range of FENGON SUV cars for the first time in the UAE. The Fengon range of cars were unveiled at the Green Motors showroom in Dubai boasting of rich intelligent configurations powered by DFSK car technology designed to provide you convenience and agility embedded with optimum ...

ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB) reported a growth in net profit of 45 percent for 2023 to AED5.25 billion from AED3.62 billion in 2022, reflecting a consistent trend of strong growth. Net profit for Q4 2023 reached AED1.5 billion with 29 percent growth versus Q4 2022. In a statement ADIB stated that revenue for 2023 improved by ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has visited Al Hosn Festival, organised by the Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) from January 19-28 at the historic Al Hosn site. During the visit, His Highness toured handicraft ...

BLOOMBERG General Motors Co plans to brings its GMC truck brand to China to help boost the automaker’s flagging fortunes in the world’s largest car market. Sales of its Yukon large SUV will begin there this year, followed by GMC’s expansion to Australia and New Zealand in 2025, GM said in a statement. China remains a critical market for automakers, ...

BLOOMBERG Sweden’s Volvo Car AB saw its target price cut by more than a third to a new street low after analysts at SEB AB scrubbed the value they assign to the company’s 48% stake in struggling EV maker Polestar. Volvo Car’s new target price of 28 Swedish kronor per share follows “sizable estimate cuts” and “no longer attributing a ...

BLOOMBERG Ford Motor Co said that it would reduce the number of workers making its F-150 Lightning truck as demand for electric vehicles continues to weaken. About 1,400 employees will be impacted as the Rouge Electric Vehicle Center transitions to one shift beginning from April 1, the Dearborn, Michigan-based automaker said. The company said it expects continued growth in global ...

DUBAI / WAM Dubai has registered a 3.3 percent rise in the real gross domestic product (GDP) in the first nine months of 2023, further demonstrating its economic strength, resilience and robust growth potential. The achievement reflects the city’s sustainable development strategies and its continued dynamism as a leading global economic powerhouse. From bustling tourism hubs to tech-powered communications networks, ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) registered over 7,800 new companies in its thriving business community in 2023, representing 86 percent increase in new registrations compared to the previous year, further underscoring Rakez’s enduring appeal as the go-to destination for entrepreneurial success Reflecting on this economic expansion, Ramy Jallad, Rakez Group CEO, stated, “The latest ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) and Mastercard have announced a collaboration to fuel the growth of the booming small and medium enterprise (SME) sector in Abu Dhabi and the wider UAE by digitalising SME payment flows. The partnership will empower SMEs to meet their growth potential through Mastercard’s technologies and resources. Under the collaboration, Mastercard and ...