The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
BLOOMBERG Tesla Inc marked down all of its vehicles again in the US after price tweaks throughout the first quarter yielded an incremental sales gain. The company discounted each version of its higher-volume Model 3 and Y electric vehicles by at least $1,000, and versions of its costlier Model S and X vehicles by $5,000. It also introduced a new ...
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April, 2023
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9 April
Samsung investors brace for worst profit in over 14 years
BLOOMBERG Samsung Electronics Co is heading for its lowest profit since the global financial crisis, if not longer, due to a sharp slowdown in tech demand that triggered losses at its semiconductor division. The South Korean chipmaker, which reports preliminary results for the March quarter, is expected to say operating profit plummeted about 90% to 1.45 trillion won ($1.1 billion), ...
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9 April
Apple’s $165b cash hoard creates M&A mirages
BLOOMBERG Apple Inc’s slowing growth and cash-rich balance sheet are again fuelling speculation that the world’s most valuable company should make a big acquisition. Entertainment giant Walt Disney Co joined a long list of potential acquisition targets that over the years has grown to include Netflix Inc, Tesla Inc, Peloton Interactive Inc. and Sonos Inc. They all have one thing ...
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7 April
Dubai Airports receives two international safety awards
DUBAI / WAM Dubai Airports, the operator of Dubai International (DXB) and Dubai World Central (DWC), has been awarded two prestigious international safety awards. The operator was granted a “Silver†Royal Society for the Prevention of Accidents, UK (RoSPA) award, and the International Safety Award 2023 with “merit†status by the British Safety Council. The two honours were granted in ...
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7 April
WHO nations map out accord to protect world from future pandemic emergencies
GENEVA / WAM Countries of the World Health Organisation (WHO) have mapped out how negotiations on a global accord on pandemic prevention, preparedness and response will move forward with a view to presenting a draft accord for approval by the World Health Assembly in May 2024. Discussions on the draft pandemic accord took place during the fifth meeting of the ...
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7 April
Ajman, Bulgaria discuss economic cooperation
AJMAN / WAM Abdullah Mohammed Al Muwaiji, Chairman of the Board of Directors of the Ajman Chamber for Commerce and Industry, and Ivan Jordanov, Ambassador of Bulgaria to the UAE, discussed opportunities for trade and investment cooperation between the two countries and ways of strengthening the partnership between Emirati and Bulgarian business owners. Al Muwaiji lauded Jordanov’s visit and stressed ...
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7 April
UAE’s MBZUAI advances global healthcare with new AI research
ABU DHABI / WAM The benefits of AI’s (artificial intelligence) application to healthcare are often described using words such as speed, consistency, and cost, but there is another descriptor that is often overlooked: personalisation. While experts often use statistics to illustrate the enormity of disease burdens on populations, AI is poised to tackle complex healthcare challenges through disruptive technologies that ...
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7 April
Sheikh Abdullah meets FM of Bosnia and Herzegovina
SARAJEVO / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Bosnia and Herzegovina Foreign Minister Elmedin Konakovic, explored avenues of propelling cooperation across all fronts. This came as part of the UAE top diplomat’s visit to Bosnia and Herzegovina, during which the two ministers discussed methods that support their developmental efforts. ...
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7 April
Emirates to offer daily flights to Toronto from April 20
DUBAI / GULF TIME Following the breakthrough expanded air transport agreement between the United Arab Emirates and Canada, Emirates is stepping up its frequency with two additional flights per week between Dubai and Toronto. From April 20, daily flights will operate on the busy route to serve huge demand for passenger services. The move comes as bilateral relations between the ...
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7 April
Sharjah Museum of Islamic Civilisation offers visitors free entry in Ramadan
SHARJAH / WAM Sharjah Museums Authority has announced that entry to its Sharjah Museum of Islamic Civilisation is free this Ramadan. The museums operate from 9:00 am to 2:00 pm, and from 9:00 pm to 11:00 pm from Saturday to Thursday. The authority noted that during the last ten days of the holy month, all museums will open in the ...
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