The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

BLOOMBERG  Turkish President Recep Tayyip Erdogan vowed to punish breakers of construction-safety regulations in the wake of February’s deadly earthquakes, a move to distance himself from the devastation brought by tens of thousands of building collapses. “We will squeeze them into a corner,” Erdogan said in an interview with with CNN-Turk television. “It will be included in crimes that can’t ...

BLOOMBERG President Joe Biden said the US was close to concluding investigations into the leak of sensitive documents that exposed American spying practices and assessments of Russia’s war in Ukraine, even as he sought to downplay the impact of the disclosures. “There’s a full-blown investigation going on right now, as you know, with the intelligence community and the Justice Department,” ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has affirmed that the past 17 years have witnessed many changes and achievements to strengthen the national economy and developing advanced services. His Highness Sheikh Mohammed bin Rashid, who took charge of the cabinet and the Federal ...

SHARJAH / WAM The real estate sector in Sharjah continued to thrive during March 2023, as the volume of real estate transactions in the emirate reached AED1.7 billion. This reflects the continued growth and prosperity of the real estate sector in Sharjah, and its success in building and ensuring a motivating, attracting, and supportive environment for business and investment. The ...

CAIRO / WAM An archaeological mission from the National Museum of Antiquities in Leiden (RMO) and the Egyptian Museum in Turin (Museo Egizio) uncovered the remains of Panehsy’s tomb, the steward of Amun Temple in the early Ramesside period, along with a collection of smaller chapels in the Saqqara Necropolis, according to Egypt’s Ahram Online. “The new discovery sheds new ...

DUBAI / WAM Mohammed Bin Rashid Space Centre (MBRSC) announced on Wednesday that the Rashid Rover, onboard the HAKUTO-R Mission 1 Lunar Lander, is scheduled to land on the Moon on April 25 at 8:40 PM (UAE time). The landing date is subject to change depending on operational conditions. The Rashid Rover is currently orbiting the moon at an altitude ...

WASHINGTON / WAM Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and COP28 President-Designate, and Mark Carney, UN Special Envoy for Climate Action and Finance and Co-Chair of the Glasgow Financial Alliance for Net Zero (GFANZ), on Wednesday co-chaired a roundtable discussion hosted at the ...

ABU DHABI / WAM Masdar has further expanded its presence in the US’ renewables market after closing the acquisition of a 50% stake in a combined solar and battery storage project from EDF Renewables North America. The Big Beau project, located in California, comprises a 128-megawatt (MWac) photovoltaic (PV) solar plant and a 40 MW/160 MWh battery energy storage system. ...

CAIRO / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan arrived in Cairo on Wednesday on an official visit to the Arab Republic of Egypt. Upon arrival at Cairo International Airport, His Highness Sheikh Mohamed and his accompanying delegation were received by Egyptian President Abdel Fattah El Sisi, alongside a number of ministers and senior officials. The ...

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, attended a Majlis Mohamed bin Zayed lecture exploring the science of ageing, presented by renowned genetics expert Dr David Sinclair. The lecture, which took place in a dedicated Majlis venue at the Sheikh Zayed Grand Mosque in Abu Dhabi, ...