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 Executive Council has issued a Decision to establish the Abu Dhabi Centre for Projects and Infrastructure. Under the jurisdiction of the Chairman of the Department of Municipalities and Transport, the centre is responsible for a range of tasks related to capital projects in the emirate. The centre will have several key responsibilities, which include ...

DUBAI / WAM The Year of Sustainability team, in its latest video release, the “Year of Sustainability: Today For Tomorrow” has called upon all those who call the UAE home to step-up efforts towards climate action. UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan announced 2023 as the Year of Sustainability, and throughout the year, the nationwide initiative ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Serdar Berdymukhamedov of Turkmenistan, on the occasion of his country’s Independence Day, which is celebrated annually on September 27. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...

MUSCAT / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjahaccompanied by Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, visited the Royal Opera House Muscat, as part of his visit to the sisterly Sultanate of Oman. Upon his arrival, His Highness was welcomed by His Excellency Nasr bin ...

DUBAI / WAM His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council, attended the 22nd edition of the Arab Media Award (AMA) ceremony, held on the opening day of the 21st edition of the Arab Media Forum (AMF). The award, held under the patronage of His Highness ...

ABU DHABI / WAM Abu Dhabi Department of Economic Development (Added) and MT Group, a Shanghai-based valve manufacturer, have signed an agreement to strengthen value chain for high-precision equipment in Abu Dhabi, attract more Chinese industrial investments to the emirate and promote sustainable development. MT Group, the leading high precisions equipment manufacturer with facilities in industrial hubs around the globe, ...

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) held its sixth Board of Directors meeting chaired by Mubarak Rashed Al Mansoori, Chairman of the Authority’s Board of Directors. During the meeting, the council members proceeded to discuss the agenda, approving the minutes of the previous meeting and the management follow-up agenda regarding suggestions and recommendations. The ...

BLOOMBERG The US Department of Justice  (DOJ) has stepped up its probe into Credit Suisse Group and UBS Group AG over suspected compliance failures that allowed Russian clients to evade sanctions, according to people familiar with the situation. What began as a series of subpoenas sent to a range of banks early this year has developed into a full-scale investigation ...

BLOOMBERG European shares rose for the first day in five as bonds recovered and a selloff sparked by rate fears abated. The Stoxx 600 ticked higher, led by technology and energy companies. US equity futures added about 0.5% and a measure of global equities fell below its 200-day moving average, suggesting stocks may be entering oversold territory after teetering on ...

BLOOMBERG An under-pressure Philippine peso is making its third attempt since August to breach a key trigger point for central bank intervention, as broad gains in the dollar reduced the appeal of Asian assets. The currency slid to as weak as 56.98 per dollar on Wednesday, within a whisker of the closely-watched 57 level. Earlier this week, Philippine central bank ...