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 President His Highness Sheikh Mohamed bin Zayed Al Nahyan today welcomed Yoweri Museveni, President of the Republic of Uganda, who is on a working visit to the UAE lasting several days. During the meeting at Qasr Al Shati in Abu Dhabi, His Highness conveyed his best wishes for a successful visit, aiming to enhance relations between the ...

DUBAI /WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, toured the 18th Dubai Airshow, the world’s premier event for the aerospace, space and defence industries, which commenced today at the Dubai World Central (DWC). Bringing together over 1,400 exhibitors from 148 countries, the largest ever edition of the event is being ...

SHARJAH / WAM The real estate landscape in Sharjah witnessed significant growth in October 2023, as reported by the Sharjah Real Estate Registration Department. A total of 3,798 transactions were conducted across various regions of the emirate, amounting to AED3.6 billion in trade value and involving 8.2 million square feet. This surge reflects a substantial increase compared to September’s real ...

ABU DHABI / WAM Air Arabia Abu Dhabi has announced the relocation of its operations to Terminal A, a state-of-the-art new facility at Abu Dhabi International Airport, from November 14. Terminal A is one of the largest airport terminals in the world, expected to accommodate up to 45 million passengers per year, process 11,000 travellers per hour and operate 79 ...

ABU DHABI / WAM A rapid increase in Indonesia-UAE bilateral trade since the enforcement of Comprehensive Economic Partnership Agreement (Cepa) on  September 1, and a surge in tourist traffic reflect comprehensive growth in bilateral relations, Husin Bagis, the Indonesian Ambassador to the UAE, told the Emirates News Agency (WAM). “The first UAE-Indonesia Joint Committee Meeting (JMC) held in Abu Dhabi ...

DUBAI / WAM Nasdaq Dubai has welcomed the listing of a $1.5 billion Green Sukuk by DP World, a leading provider of global end-to-end supply chain solutions. The dually listed Sukuk issuance proceeds will be earmarked for eligible green projects in line with the company’s published Sustainable Finance Framework which cut across electrification, renewable energy, clean transportation and energy efficiency. ...

ABU DHABI / WAM The eagerly-awaited second edition of the Global Media Congress will begin tomorrow in Abu Dhabi at the Abu Dhabi National Exhibition Centre (Adnec). Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the Congress is already renowned as one of the ...

BLOOMBERG European stocks rose on Monday ahead of inflation figures in the US and UK that could confirm interest rates have topped out. The Stoxx 600 index climbed 0.7%, buoyed also by Friday’s gains on Wall Street. Health firms were among the strongest performers, with Novo Nordisk A/S rallying almost 4% after a study backed the use of Wegovy, its ...

BLOOMBERG The boost to South Korean stocks from the ban on short-selling has quickly faded, with an index of small-cap stocks erasing all the gains seen following the regulator’s surprise decision. The Kosdaq Index slid 1.9% on Monday. It has fallen in every single session since the ban sparked a 7.3% jump on November 6. Electric vehicle battery names including ...

DUBAI/ GULF TIME Danube Properties, the fastest-growing private real estate developer in the UAE, today announced Sportz, a stylish 39-floor tower that will deliver 1,100 apartments in Dubai Sports City, while also unveiling their first ready-to-move-in project, Eleganz, which will deliver 259 stylish and elegant apartments and townhouses at the Jumeirah Village Circle. Sportz is the 27th project announced by ...