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 Marine Sports Club (ADMSC) has signed an agreement with Abu Dhabi Marine for the sponsorship of the 6th Dalma Historical Race Festival (60FT dhow sailing) organised from April 28 to May 7 on Delma Island. Salem Al-Rumaithi, Director-General of the ADMSC, and Capt Saif Al Mheiri, Managing Director of Abu Dhabi Maritime, signed the ...

SHARJAH / WAM The Hamriyah Free Zone Authority (HFZA) in Sharjah has wrapped up three days of successful participation at the International Exhibition and Conference (India Steel 2023), one of the largest and most important steel industry events in the world. The conference, which took place at the Mumbai Exhibition Centre, brought together industry leaders, experts, and stakeholders from around ...

BEIJING / WAM China’s industrial capacity utilisation rate came in at 74.3 percent in Q1 of 2023, down 1.5 percentage points from the same period a year earlier, official data showed, Xinhua News Agency reported. The figure dropped by 1.4 percentage points from the previous quarter, according to the National Bureau of Statistics. Among the three major sectors, the mining ...

DUBAI / GULF TIME MultiBank Group, the world’s leading financial institution, hosted a corporate iftar in Dubai on April 18, at Dana Ramadan Tent in City Walk. The event hosted over 200 employees and featured speeches by Salem Kattoura, MultiBank Group COO, and Zak Taher, MultiBank io COO, highlighting the company’s achievements, future plans, and recent product launches. In his ...

DUBAI / GULF TIME Why do we use philosophy with kids? The number of countries that started using philosophy with kids reached around 80 countries. The usage of philosophy with kids is based on a subject (be it games, a video, a paragraph, a children’s story, a question or an issue at hand etc.), and this subject is full of ...

DUBAI / WAM The Roads and Transport Authority (RTA) on Sunday announced that the number of Dubai Metro riders has surpassed two billion since the metro first opened to the public on September 9, 2009. The metro’s Red Line transported 1.342 billion commuters while the Green Line served 673.531 million commuters. Additionally, the Dubai Metro has maintained a punctuality rate ...

SHARJAH / GULF TIME The “Ramadan Nights 2023” has concluded another successful edition at Expo Centre Sharjah, following 17 days of fantastic promotions, heritage events, and family entertainment experiences. The 40th edition of the exhibition set a new record in terms of exhibitor sales and visitor turnout, with more than 100,000 visitors attending the event, a remarkable 100% increase from ...

PARIS / WAM The UAE National Jiu-Jitsu Team, sponsored by Mubadala Investment Company, got off to an impressive start on day one of the Grand Prix Paris Open 2023, securing six medals, including two golds, at the event organised by the Jiu-Jitsu International Federation. Khaled Al Shehhi and Omar Al Suwaidi shone for the UAE by winning gold in the ...

SHARJAH / WAM Following the resounding success of the inaugural edition of the world’s first International Bookseller Conference in Sharjah, the second annual edition has been announced by the Sharjah Book Authority (SBA) with a stronger, more holistic programme to showcase the learnings and experiences of global ecosystem stakeholders, upskill professionals, and uncover emerging commercial opportunities, particularly in the Arab ...

BLOOMBERG  LVMH is shifting resources out of Hong Kong, reflecting waning interest in what used to be Asia’s premium shopping hub as mainland Chinese consumers switch to shopping at home. The top global luxury conglomerate wants to focus more of its investment in burgeoning metropolises such as Shanghai, Chengdu, Guangzhou and Shenzhen as Hong Kong loses its relevance in the ...