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

BLOOMBERG OpenAI is letting people opt to withhold their ChatGPT conversations from use in training the artificial intelligence (AI) company’s models. The move could be a privacy safeguard for people who sometimes share sensitive information with the popular AI chatbot. The startup said that ChatGPT users can now turn off their chat histories by clicking a toggle switch in their ...

BLOOMBERG Maruti Suzuki India Ltd reported a higher-than-expected quarterly profit as car sales recovered and supply chain disruptions eased. It also got in-principle board approval to add capacity of up to 1 million vehicles annually. Net income rose 42% to 26.2 billion rupees ($321 million) in the three months ended on March 31, compared with the year-ago period, the unit ...

DUBAI / GULF TIME Specialists in luxury clothing and accessories, Emirati brand Carter & White successfully raised AED40 million in their first round of funding “Series A”. The goal of which is to be listed internationally in global financial markets by 2027. The company stated that the recent round of funding will be invested to attract a new segment in ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, watched the final match of the UAE President’s Cup at the Mohamed bin Zayed Stadium in Abu Dhabi, on Friday. The final match was also watched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. His Highness ...

NEW YORK / WAM  The United Nations Security Council (UNSC) unanimously adopted on Friday a resolution drafted by the United Arab Emirates (UAE) and Japan, in their capacities as co-penholders on the Afghanistan file, that condemns the Taliban’s decision banning Afghan women from working for the UN in Afghanistan. The resolution was co-sponsored by more than 90 UN member states, ...

ABU DHABI / WAM  The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) celebrated the World Veterinary Day 2023, which falls on the last Saturday of April every year. Adafsa held an event to showcase the role of veterinary medicine and celebrate national veterinary cadres, under the slogan “Promoting diversity, equity and inclusiveness in the veterinary profession”. Mariam Hareb Al ...

ABU DHABI / WAM  Khalifa Economic Zones Abu Dhabi (Kezad Group), a wholly-owned subsidiary of AD Ports group, and Al Ghurair Foods, a world-leading manufacturer and supplier of high-quality food and part of Al Ghurair Investment, one of the largest diversified family business groups in the UAE, on Friday announced the signing of 50-year land lease agreements for three mega ...

DUBAI / WAM   Dubai Financial Market (DFM) announced its consolidated financial results for the first quarter of the year ending on March 31 posting a 30% increase in its net profit to AED35.6 million, compared to AED27.5 million during the corresponding period of 2022. DFM’s total consolidated revenue has increased by 13% to AED88.9 million in Q1 of 2023, compared ...

DUBAI / WAM  In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No 21 of 2023 appointing His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum as First Deputy Ruler of Dubai and His Highness Sheikh Ahmed bin Mohammed bin Rashid Al ...

BLOOMBERG  US employment costs accelerated by more than forecast at the start of the year, underscoring persistent inflationary pressures that will keep the Federal Reserve on track for another interest-rate hike next week. The employment cost index, a broad gauge of wages and benefits, increased 1.2% in the first quarter, according to Labor Department figures. It was the first quarterly ...