The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
BLOOMBERG Alphabet Inc’s Google and Microsoft Corp, whose quarterly earnings each got a boost from their established search and cloud-computing businesses, used their time with investors to emphasize what’s next: artificial intelligence (AI). In their respective earnings calls, the tech giants, which are becoming rivals in the competition for the future of search, offered up starkly different assessments of just ...
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April, 2023
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30 April
OpenAI provides users new privacy options for ChatGPT
BLOOMBERG OpenAI is letting people opt to withhold their ChatGPT conversations from use in training the artificial intelligence (AI) company’s models. The move could be a privacy safeguard for people who sometimes share sensitive information with the popular AI chatbot. The startup said that ChatGPT users can now turn off their chat histories by clicking a toggle switch in their ...
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30 April
Maruti Suzuki to nearly double capacity after profit beat
BLOOMBERG Maruti Suzuki India Ltd reported a higher-than-expected quarterly profit as car sales recovered and supply chain disruptions eased. It also got in-principle board approval to add capacity of up to 1 million vehicles annually. Net income rose 42% to 26.2 billion rupees ($321 million) in the three months ended on March 31, compared with the year-ago period, the unit ...
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30 April
Emirati brand Carter & White raises AED40 million in their first round of funding
DUBAI / GULF TIME Specialists in luxury clothing and accessories, Emirati brand Carter & White successfully raised AED40 million in their first round of funding “Series A”. The goal of which is to be listed internationally in global financial markets by 2027. The company stated that the recent round of funding will be invested to attract a new segment in ...
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29 April
Mansour bin Zayed crowns Sharjah FC as champion of UAE President’s Cup
ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, watched the final match of the UAE President’s Cup at the Mohamed bin Zayed Stadium in Abu Dhabi, on Friday. The final match was also watched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. His Highness ...
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28 April
UN council adopts UAE and Japan resolution on Afghan women, girls
NEW YORK / WAM The United Nations Security Council (UNSC) unanimously adopted on Friday a resolution drafted by the United Arab Emirates (UAE) and Japan, in their capacities as co-penholders on the Afghanistan file, that condemns the Taliban’s decision banning Afghan women from working for the UN in Afghanistan. The resolution was co-sponsored by more than 90 UN member states, ...
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28 April
Adafsa event showcases role of veterinary medicine in UAE
ABU DHABI / WAMÂ The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) celebrated the World Veterinary Day 2023, which falls on the last Saturday of April every year. Adafsa held an event to showcase the role of veterinary medicine and celebrate national veterinary cadres, under the slogan “Promoting diversity, equity and inclusiveness in the veterinary profession”. Mariam Hareb Al ...
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28 April
Kezad, Al Ghurair Foods team up for AED1bn mega projects
ABU DHABI / WAMÂ Khalifa Economic Zones Abu Dhabi (Kezad Group), a wholly-owned subsidiary of AD Ports group, and Al Ghurair Foods, a world-leading manufacturer and supplier of high-quality food and part of Al Ghurair Investment, one of the largest diversified family business groups in the UAE, on Friday announced the signing of 50-year land lease agreements for three mega ...
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28 April
Dubai Financial Market net profit rises 30% to reach AED35.6 million in Q1
DUBAI / WAM  Dubai Financial Market (DFM) announced its consolidated financial results for the first quarter of the year ending on March 31 posting a 30% increase in its net profit to AED35.6 million, compared to AED27.5 million during the corresponding period of 2022. DFM’s total consolidated revenue has increased by 13% to AED88.9 million in Q1 of 2023, compared ...
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28 April
Sheikh Mohammed appoints Maktoum bin Mohammed as First Deputy Ruler of Dubai and Ahmed bin Mohammed as Second Deputy Ruler of Dubai
DUBAI / WAMÂ In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No 21 of 2023 appointing His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum as First Deputy Ruler of Dubai and His Highness Sheikh Ahmed bin Mohammed bin Rashid Al ...
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