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

DUBAI / WAM Under the honorary presidency of Sheikha Aisha bint Obaid Al Maktoum, the MENA Angelman Association, which represents the first association concerned with Angelman syndrome in the Middle East and North Africa (Mena) region, was launched. Angelman syndrome is a rare genetic disease that mainly affects the nervous system, causing developmental delay, speech impairment, and intellectual disability, in ...

INCHEON / WAM The COP28 Presidency has called for urgent action to strengthen global adaptation action at all levels to reduce vulnerability and strengthen resilience for vulnerable communities, ecosystems and economic sectors at the Korea Global Adaptation Week 2023. During the opening session of the Global Adaptation Dialogue, Ambassador Majid Al Suwaidi, Director-General and Special Representative of COP28, reiterated the ...

DUBAI / WAM Dubai Chambers has announced that more than 2,000 businesses have participated in a series of workshops designed to raise awareness on Corporate Tax. The sessions were organised as part of Dubai Chambers’ efforts to enhance the local business community’s understanding of the latest legal  developments and support companies in adequately preparing for compliance with the UAE’s Corporate ...

DUBAI / WAM The UAE’s non-oil foreign trade reached a record AED1.239 trillion in H1 2023, representing a growth of 14.4 percent compared to the same period in 2022 – and 3 percent more than H2 2022. The figures, just released by the Ministry of Economy, underline the continued upward trajectory of the nation’s foreign trade, which has achieved quarter-on-quarter ...

BLOOMBERG European bonds and stocks fell after the latest round of price data suggested inflation may not yet be fully on the retreat in the euro region. Germany’s 10-year yield jumped as much as six basis points to 2.57% after reports showed inflation accelerated in four of six German states in August, ahead of figures for the overall German economy, ...

BLOOMBERG The Hong Kong dollar is poised for its biggest monthly retreat since 1985 as interest rates in the city drop and pessimism towards China’s economy weighs on the stock market. The currency has declined 0.6% in August — or almost half the maximum swing possible under its trading band with the greenback — to approach the weak end of ...

DUBAI/GULF TIME Get ready for an epic celebration as IMG Worlds of Adventure, 1.5 million square feet largest indoor theme park in Dubai, is all set to mark its 7th anniversary in Mega style! From August 31 to September 03, guests of all ages are invited to join in the exuberant festivities, where thrilling entertainment, mesmerizing decorations, and delightful surprises ...

AMDJARASS / WAM The UAE-funded field hospital in the Chadian city of Amdjarass continues supporting Sudanese refugees in the Republic of Chad by offering medical services to various segments of Sudanese individuals and local community members. Since its inauguration, the hospital has received a total of 6,110 cases, and the medical team has successfully performed 54 surgeries. The UAE humanitarian ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), inspected the work progress at the 950MW 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park. This phase uses the Independent Power Producer (IPP) model with investments up to AED 15.78 billion. It is set to provide clean energy for approximately ...

DUBAI / WAM DP World and Türkiye’s Evyap Group have agreed to form a strategic equity partnership between DP World Yarimca Port and Evyap Port. The partnership aims at enhancing and growing trade infrastructure by focusing on improving container port facilities and enhancing efficiencies in the key Marmara gateway market. Following the completion of the transaction, DP World will own ...