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

  Bloomberg Intel Corp released chips with its delayed server design that are key to regaining control of one of the most lucrative markets in computing. Xeon processors based on the new Sapphire Rapids design are already in cloud-computing systems run by Alphabet Inc.’s Google and Amazon.com Inc.’s Amazon Web Services and are going on general sale in machines offered ...

Bloomberg Another veteran executive is leaving Amazon.com Inc.’s video game division, which has struggled to produce big hits since it launched a decade ago. John Smedley, who has three decades of experience in the industry and ran Amazon Game Studios office in San Diego for six years, told staff that he’s stepping aside. Smedley joined Amazon in 2017 and worked ...

  Dubai / WAM The Rashid Rover has successfully completed one month in space, travelling close to 1.34 million kilometers, the Mohammed Bin Rashid Space Centre (MBRSC) announced. The first Arab-built lunar rover designed and built in the UAE by a 100 percent Emirati team of engineers, experts, and researchers, lifted off on December 11, 2022 from Cape Canaveral Space ...

  Bloomberg Oil headed for a weekly gain, rebounding from a weak start to the year, on China’s improving demand outlook and cooling US inflation. West Texas Intermediate was steady near $79 a barrel, after advancing more than 6% this week. The Brent benchmark is poised for its strongest week since October. China is ramping up purchases of crude after ...

Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has participated via teleconferencing in the Voice of Global South Summit, which is being hosted by India as part of its Presidency of the Group of Twenty (G20), and the UAE being invited to participate as a guest country in the upcoming ...

Abu Dhabi / WAM The UAE and the Islamic Republic of Pakistan affirmed their keenness to intensify consultations and coordination in order to strengthen their strategic partnership, with a view to developing tangible and meaningful bilateral cooperation in key areas. This came in a joint statement which the two countries issued on the occasion of the visit of Prime Minister ...

Dubai / WAM The Ministry of Energy and Infrastructure signed a memorandum of understanding (MoU) with the Department for Business, Energy & Industrial Strategy in the United Kingdom of Great Britain and Northern Ireland. The memorandum aims to exchange information, knowledge, expertise and studies in the field of energy and promote it for the vital role it plays in sustainable ...

  Dubai / WAM A total of 2,574 real estate transactions worth over AED8.1 billion were conducted during the week ending January 13, according to figures released by the Dubai Land Department (DLD). The DLD data showed 221 plots were sold for AED 1.18 billion, while 1,889 apartment and villa purchases worth AED4.93 billion were made. The top three transactions ...

  Abu Dhabi / WAM Official Airline Guides Database (OAG), the global aviation analytics group, has named Etihad Airways, the national airline of the United Arab Emirates, as the most punctual airline in the Middle East and among the most reliable in the world. In its Punctuality League rating for 2022, OAG listed Etihad as the best in the GCC ...

Dubai / WAM With its world-class infrastructure, advanced facilities, year-round sunshine, luxury marinas, award-winning tourism offerings, rich maritime history and picturesque coastline, Dubai has emerged as the quintessential yachting destination. Following Dubai’s participation at the Monaco Yacht Show and the recent Gulf Superyacht Summit 2022 hosted in Dubai under the patronage of P&O Marinas with participation from government and private ...