The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
BLOOMBERGÂ Â Â Stocks rose as investors found confidence in strong earnings from Cartier maker Richemont and signs that US lawmakers are making progress on a deal to raise the debt-ceiling. The dollar strengthened. Richemont gained as much as 7.8% to a record, fuelling a broad rally across European luxury stocks. S&P 500 futures edged higher after President Joe Biden and House ...
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May, 2023
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11 May
UAE President, French President hold talks to further strengthen strategic partnership
PARIS / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan On Thursday met with French President Emmanuel Macron in Paris. The two leaders reviewed the longstanding strategic partnership between the UAE and France and explored opportunities to expand collaboration across various sectors. During the meeting, which took place at the Élysée Palace, the French President welcomed the ...
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11 May
US energy department official tours Barakah Nuclear Energy Plant
ABU DHABI / WAM Dr Kathryn Huff, Assistant Secretary for Nuclear Energy at the US Department of Energy, visited the Barakah Nuclear Energy Plant in the Al Dhafra region of the emirate of Abu Dhabi. Dr Huff visited the plant to see the operations teams generating clean electricity around the clock, ensuring energy security and grid stability for the UAE, ...
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11 May
Microsoft president delivers Masterclass on generative AI
DUBAI / WAM The Federal Authority for Government Human Resources (FAHR) held a virtual Masterclass session entitled “Demystifying Generative AI†aiming to familiarise its top talent with generative artificial intelligence. The session, led by Brad Smith, Vice Chair and President of Microsoft, was attended by government employees across several federal entities and held under “Jahizâ€, an integrated national initiative launched ...
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11 May
UAE’s e&, Britain’s Vodafone form strategic partnership
ABU DHABI / WAM e& and Vodafone Group Plc on Thursday announced that they have agreed to a strategic relationship that will bring the two operators closer together in certain aspects of their businesses. As part of this strategic relationship, e& and Vodafone have entered into a relationship agreement that establishes e& as a cornerstone shareholder of Vodafone. This is ...
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11 May
European Union celebrates ‘Europe Day’ in Emirates
ABU DHABI / WAM The European Union (EU) delegation to the United Arab Emirates hosted a diplomatic reception in Abu Dhabi to celebrate the 73rd ‘Europe Day’, with UAE partners, government officials, key figures and members of the diplomatic community and international organisations. Held at the Park Hyatt Abu Dhabi Hotel, the event was attended by Ayesha Bin Suwaidan, Director of ...
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11 May
Masdar, Irena partner to triple global renewable energy capacity by 2030
ABU DHABI / WAM Abu Dhabi Future Energy Company PJSC — Masdar, one of the world’s leading clean energy companies, has signed an agreement with the International Renewable Energy Agency (Irena) to cooperate on a major international knowledge project setting out the means to triple global renewable energy capacity by 2030. During the UAE Climate Tech Forum in Abu Dhabi, ...
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11 May
MoHRE opens nominations for Emirates Labour Market Award
DUBAI / WAMÂ The Ministry of Human Resources and Emiratisation (MoHRE) will begin accepting applications for the first edition of the Emirates Labour Market Award on June 1. The award, which was approved by the UAE cabinet in March will be held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and ...
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11 May
Sheikh Abdullah bin Zayed receives NDC delegation
ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received a delegation from the National Defence College (NDC), headed by Major General Salem Saeed Al Shamsi, Commander of the NDC. HH Sheikh Abdullah expressed his warm welcome to the delegation from the NDC, a globally renowned specialist scientific institution, which plays ...
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11 May
Aramex Q1 gross profit up 4% to hit AED358 million
DUBAI / WAM Aramex on Thursday announced its financial results for the first quarter (Q1) ending on March 31. Aramex’s Q1 2023 revenues were driven by stable performance in international express and the resilience of the freight-forwarding and logistics and supply chain solutions businesses. Revenue continued to be impacted by currency fluctuations, inflationary pressures, and normalisation of worldwide shipping flows. ...
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