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 Abu Dhabi Department of Economic Development (Added), represented by Industrial Development Bureau (IDB), and Siemens Energy, a global leader in energy technology, have joined hands to further decarbonise Abu Dhabi’s booming industrial sector. The collaboration supports Abu Dhabi Industrial Strategy’s vision to establish the Emirate as the most competitive industrial hub in the region, driving the ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No 62 of 2023 forming the Board of Dubai Corporation for Ambulance Services chaired by the Director-General of Dubai Health Authority. The Assistant Commander-in-Chief for Excellence and Pioneering Affairs of Dubai ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has awarded an AED10.9 million contract for a project to lay a 562 metre Glass-Reinforced Epoxy (GRE) water pipeline with 1,500-millimetre diameter in Hatta. This project includes constructing a jet valve chamber to extend the lower outlet valve of Hatta Dam to the Wadi area. This project is part of the ...

DUBAI / WAM Nineteen Arab countries celebrated the Arab Day for the participating countries at the 33rd Arab Scout Camp that Dubai is hosting for the first time. The event is being held under the patronage of the HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, with the participation ...

ABU DHABI / WAM The Ministry of Economy and the Abu Dhabi Department of Economic Development (Added), have announced Anwar Gargash Diplomatic Academy (AGDA) as their official Education partner in hosting the World Trade Organisation’s 13th Ministerial Conference (MC13), the principle decision-making body overseeing global trade, when it convenes in Abu Dhabi in February 2024. The cooperation agreement was signed ...

ABU DHABI / WAM At the expense of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the General Authority of Islamic Affairs and Endowments (GAIAE) printed about 100,000 copies of the Holy Quran. The copies ...

BLOOMBERG The sense of doom that gripped crypto markets at the end of 2022 following a $1.5 trillion wipeout has 12 months later given way to a very different sentiment: avarice. Bitcoin stormed back with a more than 160% advance this year that added some $530 billion to its market capitalisation. In its wake, myriad smaller tokens ranging from Sam ...

BLOOMBERG Handpicking sectors, sheltering in trendy options strategies, going all-in on dividends — none of it has worked as well this year as simply owning the S&P 500. As 2023 winds down, investors are taking the year’s keep-it-simple lesson to heart. Amid a 4% rally this month that’s propelled the index’s 2023 advance to 24%, they’ve been pouring money into ...

LUSH – A Wish Come True Gift Set (AED 850) For the ultimate Snow Fairy experience, LUSH has curated the ‘A Wish Come True’ gift set which features twelve enchanting Snow Fairy-scented bath, body, shower, and fragrance products to leave you smelling as sweet as Christmas candy and feeling magical from head to toe. Available at all LUSH stores and online on https://www.lush.com/mena/en_ae Elizabeth ...

ABU DHABI/ WAM The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural persons subject to the Corporate Tax Law, that came into effect on 1st June 2023. The guide provides a comprehensive and simplified explanation and instructions for natural persons realising income in the UAE, enabling them to determine whether they are subject ...