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 The Abu Dhabi Department of Economic Development (Added), the catalyst of economic growth in the emirate, and Wio Bank, the region’s first platform bank, on Tuesday announced their cooperation to transform how small and medium enterprises (SMEs) manage their finances, payments, and their overall business operations. This partnership saves SMEs a significant amount of business operation ...

SHARJAH / WAM The 33rd Sharjah Ramadan Festival wrapped up another successful edition, after revitalising the retail sector and markets in the emirate of Sharjah. Throughout the Holy month of Ramadan and Eid Al Fitr celebrations, the festival offered residents and visitors exceptional shopping and entertainment experiences in malls and popular destinations. With a plethora of promotions, significant discounts, valuable ...

ABU DHABI / WAM Abu Dhabi Maritime has confirmed that it will offer ferry transport free of charge on the Dalma Island/Jabel Dhanna route during the 6th edition of the Dalma Race Festival taking place between April 28 and May 15 in the Al Dhafra Region. The Dalma Race Festival is held under the patronage of HH Sheikh Hamdan bin ...

AL AIN / WAM The United Arab Emirates University (UAEU) has established research collaboration with 140 universities and academic institutions in Japan. This is based on the university’s strategic plan that endeavours to establish international research partnerships that have an impact on the scientific community and contribute to the development of science and knowledge. The UAEU also strives to expand ...

DUBAI / WAM The Endowments and Minors’ Trust Foundation (Dubai Endowment), represented by the Mohammed bin Rashid Global Centre for Awqaf and Endowment, has announced the launch of the first endowment scheme for real estate developers. The move is aligned with the endowment strategy advocated by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai ...

ABU DHABI / WAM The Mohamed bin Zayed University for Artificial Intelligence (MBZUAI) is implementing many research projects in healthcare to address various challenges in the sector using artificial intelligence (AI) and improving the accuracy and efficiency of healthcare services for the benefit of patients and society. In conjunction with World Malaria Day, which falls on April 25, MBZUAI is ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) has announced that its humanitarian programmes, relief operations, development projects, orphan sponsorships, and reconstruction programmes both within and outside the UAE have benefitted over 228 million people in 128 countries, with a total value of AED10,888,940,285 over the past 15 years. The ERC’s local programmes, activities, and projects across several vital ...

BLOOMBERG President Joe Biden formally announced that he would seek reelection in 2024, readying a historic campaign against a Republican field dominated by his predecessor while economic uncertainty clouds his case for a second term. Biden, 80, implored voters to let him “finish this job” he began when he took office and put aside any worries about his age. He ...

BLOOMBERG The rebound in European equities since mid-March has failed to win over strategists, who predict that the sustained campaign of central-bank interest rate hikes will stall the rally. They are sticking to their gloomy outlook for the rest of 2023, unconvinced by a 10% advance in the Stoxx Europe 600 so far. The benchmark index is set to fall ...

BLOOMBERG Excitement over electric vehicles and other technology has made South Korea’s stock market one of the world’s best performers in 2023 — and its initial public offerings (IPOs) are doing even better. The 28 stocks that have listed in Seoul this year to date are up by a weighted average of 47% from their IPO prices. That’s ahead of even ...