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

ABU DHABI / WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the first and only university dedicated to AI research at the master’s and Ph.D. levels, is driving ahead with AI research for good, with the aim of finding solutions for challenges ranging from climate change to healthcare, according to Dr Khem Emrith, Head of Industrial Engagement at MBZUAI. ...

ABU DHABI / WAM Over the next three months, Adnec group’s Abu Dhabi National Exhibition Centre (Adnec) will witness a busy season with more than 15 global events, exhibitions, and conferences, many of which will be held for the first time in the Middle East and Abu Dhabi. The events are set to attract a wide range of exhibitors, visitors, ...

ABU DHABI / WAM Mohamed Al Hammadi, Managing Director and Chief Executive Officer of the Emirates Nuclear Energy Corporation (Enec) joined Dr. Chris Keefer, host of the Decouple podcast, to discuss the UAE’s journey in the nuclear energy sector. Al Hammadi gave his key learnings on how to deliver a nuclear programme after the UAE became not only the first ...

DUBAI / WAM His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Media Council, said that the world’s rapid technological development, which has affected various sectors, including the media sector, comes with a great responsibility to redouble efforts in addressing the besetting challenges, a fact that Dubai has been aware of from an early age ...

ABU DHABI / WAM Sheikh Nahyan bin Saif Al Nahyan, UAE ambassador to the Kingdom of Saudi Arabia and Permanent Representative to the Organisation of Islamic Cooperation (OIC), headed the UAE delegation which attended the open-ended Extraordinary Meeting of the OIC Executive Committee for Permanent Representatives to discuss a unified Islamic position on the ongoing Israeli attacks on Al-Aqsa Mosque. ...

BLOOMBERG Airbus SE delivered 127 jetliners in the first quarter, a 9% drop from a year earlier, as parts shortages spilled into 2023. Deliveries totalled 61 aircraft in March, the world’s biggest planemaker said. The first-quarter drop will make it harder for Airbus to reach its goal of increasing shipments to 720 this year. Meeting output targets is crucial for ...

BLOOMBERG Costco Wholesale Corp slipped in late trading as the second straight slowdown in a key monthly sales gauge stoked doubts about the strength of US consumers. US comparable sales eked out only a 0.9% gain in March after excluding the impact of changes in gasoline prices, the company said in a statement. That’s the smallest advance since April 2020 ...

BLOOMBERG Walmart Inc asked a federal court to allow it to end its credit-card partnership with Capital One Financial Corp, saying the bank has failed to meet critical standards for customer care. Walmart and Capital One entered into a contract in 2018 that made the bank the sole issuer of the retailer’s private label and co-branded credit cards. “Unfortunately, Capital ...

BLOOMBERG Shares of Alibaba Group Holding Ltd’s units that may soon become public are expected to be in high demand as the breakup unleashes value in the wake of regulatory woes, investors said. China’s online commerce leader announced plans to split its $220 billion empire into six business units, a move seen potentially boosting Hong Kong’s IPO market. The shares ...

BLOOMBERG US equity futures struggled for direction as investors braced for inflation data and corporate results that could confirm fears about the health of the financial system. Contracts on the tech-heavy Nasdaq 100 flipped to a loss while those on the S&P 500 gave up early gains to trade flat. The yield on policy-sensitive two-year Treasuries slipped below 4%, backtracking ...