BLOOMBERG Adobe Inc unveiled new image-generating artificial intelligence (AI) tools designed for professionals to use without fear of plagiarising material or creating offensive artwork, addressing a key concern facing such technology. Dubbed Firefly, the tool creates images and text art based on user text prompts, drawing from Adobe’s portfolio of stock media and freely licensed images. It will be made …
Read More »
BLOOMBERG Genesis, the South Korean luxury sister brand to Hyundai, wants to be mentioned in the same breath as BMW and Mercedes-Benz. That’s why it’s putting so much pressure on the folks at the factory in Montgomery, Alabama, to get its newest offering, the Genesis Electrified GV70, exactly right. The $65,850 SUV is the third electric vehicle from Genesis, and …
Read More »
LATAKIA / WAM Eng Amer Ismail Hilal, Governor of Latakia, lauded the UAE’s significant efforts to rescue those affected by the earthquake that hit several cities in Syria, including Latakia. The UAE has supported the Syrian people since the quake first struck the country, Hilal said in a statement to the Emirates News Agency (WAM), noting that the support of …
Read More »
ABU DHABI / GULF TIME Abu Dhabi Securities Exchange (ADX) continues to expand its custodial services offering by the new appointment of Emirates NBD Capital as a custodian. Emirates NBD Capital obtained its custody license from the UAE Securities and Commodities Authority (SCA). Emirates NBD Capital is the global investment banking arm of Emirates NBD, a leading banking group in …
Read More »
BLOOMBERG Oil pared its weekly advance, with prices erasing early gains as renewed concerns over financial sector stability buoyed the dollar, making commodities priced in the US currency less attractive. West Texas Intermediate slumped below $70 a barrel after the dollar’s jump on a broader decline in risk appetite. The US crude benchmark has advanced by less than $3 a …
Read More »
ABU DHABI / WAM Al Ansari Financial Services on Friday announced that following the approval from the Securities and Exchange Authority (SCA), Al Ansari Holding LLC (selling shareholder) has exercised its right to increase the number of shares offering in the UAE retail offer of the group’s initial public offering to 56,250,000 ordinary shares from 37,500,000 ordinary shares. In a …
Read More »
NEW YORK / WAM The governments of eleven countries, namely the UAE, the United States (US), Egypt, France, Germany, Jordan, Norway, Qatar, Saudi Arabia, Türkiye, and the United Kingdom (UK), along with the European Union (EU), and the League of Arab States, have issued a joint statement expressing their steadfast commitment to alleviate the suffering of people who were affected …
Read More »
BLOOMBERG India’s parliament secretariat removed Rahul Gandhi as a lawmaker after a local court convicted him of defaming Prime Minister Narendra Modi, a huge blow to the opposition ahead of national elections next year. The disqualification makes Gandhi, a scion of the Nehru-Gandhi political dynasty, less viable as a leader of any opposition coalition before elections that may be held …
Read More »
BLOOMBERG South Africa’s government is taking legal advice on how to handle an International Criminal Court (ICC) arrest warrant for President Vladimir Putin in the event the Russian leader attends a Brics summit in August. The ICC issued the warrant against Putin for war crimes related to the alleged abduction of children from Ukraine. South Africa is a signatory to …
Read More »
BLOOMBERG China’s top diplomat Wang Yi urged Europe to play a role in supporting peace talks for Russia’s war in Ukraine, though the US has warned Beijing’s proposals would effectively freeze the Kremlin’s territorial gains. “China looks forward to France and other European countries to also play their due role,†Wang told Emmanuel Bonne, a diplomatic advisor to the French …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.