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

BLOOMBERG Chinese banks followed the central bank by lowering their benchmark lending rates, although a relatively modest reduction to the mortgage reference rate disappointed investors. The one-year and five-year loan prime rates were reduced by 10 basis points each, according to a statement by the People’s Bank of China (PBOC). While that was in line with the reduction in the ...

SHARJAH / GULF TIME UAE’s Favourite Indian Restaurant, India Palace, and favourite Asian restaurant Golden Dragon opens doors to two new outlets in Sharjah, giving more people in UAE the opportunity to indulge in authentic Indian cuisine and savor their legendary biryanis, carefully curated selection of Indian kebabs, and exquisite curries, in Sharjah at its new flagship location at Al ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday met with Hossein Amir-Abdollahian, Minister of Foreign Affairs of the Islamic Republic of Iran, who is on a working visit to the UAE. During the meeting, which took place at Al Shati Palace in Abu Dhabi, the Iranian Foreign Minister conveyed to His Highness ...

ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) has announced the winners and recognised participants of the ‘Mission to Zero Government Challenge,’ in conjunction with the Year of Sustainability and its continued efforts to achieve the goals of the Abu Dhabi Single-Use Plastic Policy. The challenge for Abu Dhabi government entities — held from January 23 to ...

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, bestowed honours upon the recipients of the “Minister of Interior’s Award for Excellence” during its sixth edition, during a ceremony that took place in Emirates Palace, Abu Dhabi. The event commenced with the national anthem and the recitation of ...

ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem, has welcomed its first cohort of the year comprised of 15 startups operating in priority sectors aligned with Abu Dhabi’s strategic ambitions, including HealthTech, FinTech, and EdTech. The addition of the latest cohort has increased the size of Hub71’s vibrant community to over 240 startups. In the latest cohort, 67 ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a written letter to Faure Gnassingbé, President of the Republic of Togo, with an official invitation to attend the COP28 climate conference, to be hosted by the UAE at Expo City Dubai this November. The letter was delivered by Amer Al Alawi, Chargé d’Affaires ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has ordered the release of 650 prisoners of different nationalities from Dubai’s correctional and punitive establishments, ahead of Eid Al Adha. Attorney General of Dubai Chancellor Essam Issa Al-Humaidan said that His Highness Sheikh Mohammed’s order ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, received on Thursday Hossein Amir-Abdollahian, Minister of Foreign Affairs of the Islamic Republic of Iran. During the meeting, held at the ministry’s headquarters in Abu Dhabi, Sheikh Abdullah and Abdollahian discussed bilateral relations and ways to develop collaboration paths between the two countries to ...

DUBAI / WAM The Museum of the Future in Dubai organised a special gala event to honour the museum’s strategic partners and recognise their collective efforts and contribution to the museum. Senior officials from government entities and leaders from major international companies that have contributed to making Museum of the Future a global knowledge platform and hub for designing the ...