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

BAGHDAD/ WAM The tenth session of the UAE-Iraq Joint Committee was held on Wednesday, September 13, 2023, in the Iraqi capital, Baghdad, co-chaired by Khalifa Shaheen Al Marar, UAE Minister of State, and Dr. Fuad Hussein, Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Iraq. The Committee meetings included several officials from both countries and discussions ...

ABU DHABI / WAM An international workshop, titled “Managing the Performance of UN Police Commanders in Peacekeeping Operations”, is set to begin tomorrow in Abu Dhabi, and run until 17th September, featuring wide international participation. Held in the UAE for the second year in a row, the event will feature key addresses from the UAE representative, United Nations officials, and ...

DUBAI / WAM The Ministry of Finance (MoF), in cooperation with the Organisation for Economic Cooperation and Development (OECD), today hosted in Dubai the second forum on Pillar Two or the Global Minimum Tax of Base Erosion and Profit Shifting (BEPS) Project and the Global Anti-Base Erosion Rules (GloBE), as a part of the UAE’s commitment to international standards around ...

ABU DHABI / WAM Borouge Plc, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, is supporting Rwanda’s energy sector with the innovative ‘Made in UAE’ solutions that the company has supplied to 56-megawatt power plant on Lake Kivu, Rwanda. Borouge’s solutions were used to produce pre-compounded polyethylene pipes for the power plant that will help meet about ...

VIENNA / WAM The Organisation of the Petroleum Exporting Countries (Opec) has confirmed that the UAE’s economy grew by 3.8 percent in the first quarter of 2023. In its September 2023 report, OPEC said it expects the UAE’s economic expansion to continue, noting that key sectors of the country’s economy have seen significant growth. The OPEC report highlighted that the ...

ABU DHABI / WAM Standard & Poor’s (S&P) Global Ratings expects that the banks of the United Arab Emirates (UAE) will achieve strong performance in 2023. In a recent report, the credit rating agency said that UAE banks will benefit from strong non-oil GDP growth, which will mitigate the impact of rising interest rates on credit growth. The report expects ...

GENEVA / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led a UAE delegation to the World Trade Organisation’s Public Forum in Geneva, Switzerland, which is being held under the theme “It’s Time for Action”. This year’s forum is exploring how the WTO, and the wider trading community, can help create a greener and ...

ABU DHABI / WAM The Zayed Sustainability Prize, the UAE’s pioneering global sustainability and humanitarian award, has announced this year’s finalists following a deliberation by its esteemed Jury. The winners will be announced at the Zayed Sustainability Prize Awards Ceremony on December 1 during the 28th Conference of the Parties (COP28) of the UN Framework Convention on Climate Change, to ...

HONG KONG / WAM An official UAE delegation, led by Abdullah bin Touq Al Marri, Minister of Economy, will arrive in Hong Kong this week to participate in the 8th Belt and Road Summit. The visit is aimed at promoting economic and business cooperation at public and private sectors levels and establishing business and development partnerships in sectors of new ...

    PARIS / WAM Within his participation in the Unesco Digital Learning Week 2023, Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications and Chairman of the Digital School Board, stated that the UAE, led by President His Highness Sheikh Mohamed bin Zayed Al Nahyan adopts a future-oriented vision for shaping ...