The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

DUBAI/ WAM DP World and the International Renewable Energy Agency (IRENA) have signed a cooperation agreement to accelerate the use of renewable energy and cut emissions from the ports and maritime logistics sector. Signed by IRENA Director-General Francesco La Camera and DP World Group Chairman and CEO Sultan Ahmed bin Sulayem, the agreement focuses on identifying and implementing decarbonisation solutions ...

ABU DHAB/ WAM Racing fans were treated to a spectacular, low-level fly-past just minutes before the start of the 2023 Abu Dhabi Grand Prix by aircraft from Title Sponsor Etihad Airways and Al Fursan Al Emarat, the UAE’s aerobatic display team. Coinciding with the airline’s 20th anniversary year, the Etihad Airways Boeing 787 Dreamliner flew over the iconic start-finish line ...

Al ARISH/ WAM In implementation of the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE is continuing its humanitarian aid drive to support the Palestinian people, as 10 Emirates Red Crescent trucks today crossed into Gaza carrying food aid. As part of Operation ‘Gallant Knight 3’, which aims to alleviate the suffering of civilians in ...

ABU DHABI/ WAM AD Ports Group, a leading facilitator of global trade, logistics, and industry, in collaboration with KazMorTransFlot (KMTF), national shipping company of Kazakhstan, fully-owned by the national Kazakhstan oil company – KazMunayGas (KMG), has announced the acquisition and commencement of operations of two state-of-the-art vessels designed for the transportation of Kazakhstan’s oil across the Caspian Sea.\ A naming ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan attended the Formula 1 Etihad Airways Abu Dhabi Grand Prix 2023 at Yas Marina Circuit today. His Highness was joined at the event by Sheikhs, state guests and dignitaries. His Highness congratulated the drivers participating in the race and F1 fans around the world on the successful ...

ABU DHABI/ WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, witnessed the second day of the Zayed Grand Prize Camel Race 2023, which was dedicated to ‘Al-Haqayeq’ category, at the Al Wathba camel racing track this evening. The race was also attended by Sheikh Sultan bin Hamdan Al ...

BLOOMBERG Nigeria’s central bank pledged major changes to get a grip on inflation and steady the country’s battered currency, signaling tighter monetary policy ahead. The Central Bank of Nigeria will switch to inflation targeting instead of trying to control money supply in its battle to slow price increases, Governor Olayemi Cardoso said in a speech to bankers. The central bank ...

BLOOMBERG Inditex SA shares are headed for the highest close since the retailer’s 2001 initial public offering as analysts turn increasingly optimistic ahead of third-quarter results. The Zara owner gained as much as 1.3% to €36.81 in Madrid trading last week, the highest intraday price since June 2017. The retailer’s fast-fashion business model and online presence have helped the shares ...

BLOOMBERG Consumers plan to spend an average of $567 during Black Friday and Cyber Monday shopping events, up 13% from last year, as they seek out the best deals while facing economic pressures such as higher prices and soaring interest rates. The result is a new record for Deloitte’s annual Black Friday-Cyber Monday survey. About 84% of shoppers feel confident ...

BLOOMBERG Richer Americans are curtailing their spending ahead of Black Friday, a worrisome sign for an economy that has so far depended on the US consumer to stave off a recession. In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — ...