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 Nine Yards, an Abu Dhabi-based real estate developer, has announced the signing of a strategic agreement with the Abu Dhabi Residents Office (ADRO), a part of the Abu Dhabi Economic Development (Added), to boost the real estate investment sector and support Nine Yards’ clients. The agreement aligns with ADRO’s strategic goals of facilitating the affairs of Abu ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has urged private sector establishments to participate in the Sharjah Gulf Localisation Award, a distinguished category within the Sharjah Excellence Award 2023. The award is organised by the SCCI under the patronage of HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, ...

RAS AL KHAIMAH / WAM A delegation from Ras Al Khaimah Economic Zone (Rakez), led by Group CEO Ramy Jallad, successfully wrapped up its roadshow in China’s Guangdong province to foster deeper ties with local enterprises, prominent trade associations, and key government entities and explore new opportunities for economic and trade cooperation. The delegation hosted business forums across three major ...

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, attended Rabdan Academy’s Graduation 2023 at the Abu Dhabi National Exhibition Centre (Adnec). His Highness personally handed certificates to more than 600 graduates, representing various master’s, bachelor’s, and diploma programmes. Among them, 37 graduates earned distinction with honours, and ...

NEW YORK / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has met separately with a number of foreign ministers participating in the 78th Session of the United Nations General Assembly (UNGA78) in New York. His Highness met with Mahamoud Ali Youssouf, Minister of Foreign Affairs of Djibouti; Arnoldo Ricardo André Tinoco, Minister of Foreign ...

BLOOMBERG Ocado Group Plc said its online retail joint venture is making some progress, with volumes showing a slight recovery as shoppers hunt around for affordable food. The 50-50 venture between Ocado and Marks & Spencer Group Plc said it recorded a return to positive volume growth in the last month of the third quarter. Average orders per week and ...

BLOOMBERG A Liechtenstein court order has exposed a trove of luxury cars and watches among the items seized by prosecutors investigating allegations of fraud linked to one of the investors aiming to revive India’s Jet Airways. The supreme court in Liechtenstein rejected an appeal to unfreeze the assets that include seven Porsche cars, five Rolex “boxes” and a classic car ...

BLOOMBERG Amazon.com Inc plans to hire 250,000 logistics workers, suggesting the online retailer is bullish about what’s otherwise expected to be a humdrum holiday shopping season. The recruits will include full-time, part-time and seasonal workers at hourly rates ranging from $17 to $28 per hour depending on location, the company said in a blog post. Some new hires will be ...

BLOOMBERG The heads of the two biggest discount carriers in the UK are calling for a change of leadership at the country’s air traffic management provider after repeated disruption during the busy summer travel season. Ryanair Holdings Plc’s outspoken Chief Executive Officer Michael O’Leary called for NATS CEO Martin Rolfe’s resignation after a staffing shortage at London’s Gatwick Airport led ...

BLOOMBERG Virgin Australia Airlines Pty found a second suspected unapproved plane part from obscure UK supplier AOG Technics Ltd, as the industry continues to hunt down bogus components that have spread across the global fleet. The Australian airline discovered a seal with false certification documents on an inner high-pressure turbine nozzle on a Boeing Co 737 jet, according to a ...