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

BLOOMBERG Chinese stocks slid following a much-anticipated meeting between Presidents Joe Biden and Xi Jinping, as traders saw only modest progress in the strained ties and as fresh data renewed concern over the world’s second-largest economy. The Hang Seng China Enterprises Index closed down 1.4% to lead losses among major Asia equity gauges. It jumped 4% in the previous session ...

BLOOMBERG Stocks paused their rally as the euphoria over a potential dovish pivot by central banks faded and investor attention turned to the latest corporate earnings and deals news. Europe’s Stoxx 600 Index steadied after three days of gains. Burberry Group Plc dropped 6.7% as it warned that this year’s revenue target may be out of reach. HelloFresh SE sank ...

ABU DHABI / WAM Tabreed, the world’s leading district cooling company, reported its financial results for the nine-month period ending on September 30. During the first nine months of the year, Tabreed sustained positive momentum, recording a robust top line of AED1.8 billion, a 10 percent increase year-on-year, compared to AED1.7 billion in the same period last year. Attributed to ...

ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) will host 38 ecosystem players, technology providers, small and medium-sized enterprises (SMEs) and startups at its pavilion and the Startup Village during COP28. Located at the Technology and Innovation Hub, the MoIAT pavilion aims to bring together local and international entities in the industry and advanced technology sectors ...

DUBAI / WAM In a groundbreaking move to enhance knowledge sharing and promote innovation within the defense and security sector, Tawazun Council has introduced the “Project Bank” initiative. This approach aims to connect various entities across the industry, both locally and internationally, fostering an environment conducive to the exchange of ideas and expertise. The Project Bank offers defence contractors direct ...

ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended events on the fourth day of the Dubai Airshow 2023. His Highness toured the stands of local and international companies participating in the 18th Dubai Airshow including Etihad Airways, the Strategic ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan issued a Federal Decree appointing Aisha Mohamed Ahmed Belharfia, as Under-Secretary of the Ministry of Human Resources and Emiratisation (MOHRE), for Emiratisation. Belharfia served previously as Acting Under-Secretary for Emiratisation Affairs and Assistant Under-Secretary for Labour Affairs at MOHRE. She has also taken responsibilities related to Labour ...

ABU DHABI/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended a group wedding reception for 41 citizens, held today at the Majlis Al Bateen in Abu Dhabi. The reception was attended by H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of ...

SHARJAH/ GULF TIME The 13th edition of the Sharjah Stamps Exhibition kicked off yesterday ,this year, highlighting amazing talents from all over the region, during the period between November 14-18, 2023, in Sharjah Mega Mall.The opening ceremony was attended by: Dr. Abdul Aziz Al-Musallam, Chairman of the Sharjah Heritage Institute, Omar Mohamed Ahmed, director of the exhibition, Abdulla khoory President ...

RAS AL KHAIMAH / GULF TIME In the realm of sublime living and discerning hospitality, Resorts, renowned for their unwavering commitment to the development of residences and resorts, has entered a prestigious agreement with the esteemed JW Marriott. Together, they proudly announce the unveiling of a jewel in the crown of Al Marjan Island, Ras Al Khaimah (RAK), UAE – ...