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 G42 and Microsoft announced their intention to collaborate on the development of the public sector and industry-focused solutions that leverage Microsoft’s partner ecosystem and cloud capabilities. These solutions will benefit UAE organisations to address citizen and customer needs. Formalised in a memorandum of understanding (MoU) that was signed at G42’s premises, the agreement will allow both ...

DUBAI / WAM Al Jalila Foundation, a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives dedicated to transforming lives through medical innovation, has recognised Marriott International, the world-renowned hospitality chain, as a long-standing partner and major supporter of their mission. Since the collaboration began in 2015, Marriott International has raised AED11 million making it the largest contribution by ...

DUBAI / WAM The National Bank of Fujairah (NBF) announced that it has provided a long-term credit facility to CleanMax for refinancing its rooftop solar portfolio in the UAE. The facility will cover 48 different operational rooftop solar assets, located in industrial facilities, malls, schools, and universities. This new partnership between NBF and CleanMax therefore represents a significant step towards ...

DUBAI/ WAM CodersHQ, an initiative of the National Programme for Coders, organised an interactive workshop titled “Metaversing Your Education” that focussed on the application of metaverse technology in higher education and was aimed at students from universities across the UAE. The workshop witnessed participation from various speakers, including; Thaer Faraj CEO of Beyond Universe — a Microsoft partner in the ...

ABU DHABI / WAM Abu Dhabi Quality and Conformity Council (QCC) has made major strides in developing the quality infrastructure of Abu Dhabi, enhancing the emirate’s regional and international competitiveness in various key sectors, according to its annual report for 2022. QCC reported that achievements last year spanned preparing and implementing conformity programmes, reviewing and approving technical documents for partners, ...

ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) has introduced the Strategic Environmental Assessment (SEA) planning programme in line with UAE’s Year of Sustainability. The SEA programme will aid in evaluating environmental impacts and guiding the investigation of alternatives and potential mitigation and monitoring efforts associated with strategic projects, plans, and development programmes. The programme will promote ...

ABU DHABI / WAM Lara Sawaya, Executive Director of the HH Sheikh Mansour bin Zayed Al Nahyan Global Arabian Horse Flat Racing Festival, affirmed that the 15th edition of the festival will comprise a total of 152 races. The new edition of the festival is taking place in implementation of the directives of His Highness Sheikh Mansour bin Zayed Al ...

BLOOMBERG Anyone shopping for a new car in China is in the right place at the right time. The world’s largest auto market is in the midst of a heated price war, and the situation is only intensifying. In the first quarter, a total of 649 variants of passenger cars, or around 20% of all vehicles on the market, saw ...

BLOOMBERG India will likely see below-normal monsoon rain this year, according to a private forecaster, a prospect that could hurt its vast agriculture sector and stoke inflation in Asia’s third-biggest economy. The coming season may bring only 94% of the rain India usually gets from June to September, Skymet Weather Services Pvt said. A lack of rain spells trouble for ...

BLOOMBERG Taiwan Semiconductor Manufacturing Co (TSMC) missed sales estimates for the second consecutive quarter in a sign of continued weakness in global electronics demand. First-quarter revenue at the world’s biggest contract manufacturer of chips was NT$508.6 billion ($16.7 billion), according to Bloomberg calculations, falling shy of average analyst forecasts of NT$525.5 billion. A sharp slowdown in March contributed to that ...