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

  Sharjah / WAM The Drivers and Vehicles Licensing Department of Sharjah Police has completed 724 transactions for the “drivers’ road driving tests” service, from their locations, during the past eight months, with the aim of enhancing the happiness of customers with the services provided, in line with the quality of life of the UAE community. Commenting on this, Lt. ...

  Dubai / WAM Within its efforts to combat counterfeiting and protect the environment and society from the hazards of counterfeit goods, Dubai Customs, represented by the Intellectual Property (IPR) Department, recycled 22,436 counterfeit items for 24 brands. The brands were from Germany, the United States (US), Italy, the United Kingdom (UK), Switzerland, France, South Korea and Japan and included ...

  Dubai / WAM The Dubai Electricity and Water Authority (Dewa) Innovation Centre, in collaboration with the Arab Youth Centre (AYC), organised a series of virtual technical training workshops on clean and renewable energy using artificial intelligence (AI) and latest technologies to enhance the efficiency and sustainability of energy. The two-day workshop was attended by 57 young men and women ...

  Twitter Inc. — now under new management, if that’s the right word — fired about half its workers over the weekend, a big story by anyone’s standards. Yet some teams and countries suffered worse — and that is a story with global political implications. In India, for example, Twitter seems to have laid off 90% of its employees. In ...

  Cryptocurrencies were supposed to usher in a new and better era of finance. Instead of relying on fragile, stodgy and often discriminatory banks for deposits, loans and the like, people could transact directly through platforms brilliantly designed to obviate the need for trust. If further evidence was required, the travails of cryptocurrency exchange FTX.com this week have demonstrated just ...

  It’s no surprise that Elon Musk is ordering Twitter Inc. staff back to the office within a month of taking the keys to the social media company. Workers at Tesla Inc. are fully familiar with their billionaire boss’s strict preference for being present. But combine this with a weakening economy and pressure from Wall Street leaders for office working, ...

  After searching for a new chief executive officer since May, Biogen Inc. has selected industry veteran Christopher Viehbacher, who previously led Sanofi and later worked in venture capital. It’s a solid choice. Viehbacher helped steer Sanofi through turbulent times and has the experience to do the same for Biogen. Viehbacher will succeed Michel Vounatsos, who has led the company ...

  Bloomberg When the UK supermarket chains Asda and Morrisons were taken over last year, their private equity buyers took the typical step of piling them with debt. Now, that burden is becoming increasingly heavy as soaring inflation squeezes incomes, shoppers tighten their belts and borrowing costs soar. The UK’s third and fifth-largest supermarkets are facing combined annual interest bills ...

  Bloomberg Alibaba Group Holding Ltd. decided not to disclose full sales results for its signature Singles’ Day shopping festival for the first time, after forecasts that the figure may suffer a decline unprecedented in the event’s 14-year history. Alibaba said in a statement gross merchandise value (GMV) was “in line with last year’s GMV performance despite macro challenges and ...

  Bloomberg Malaysia Airlines Bhd is considering ordering 25 single-aisle jets, probably Boeing Co. 737 Max on top of an existing firm order for 25 of those planes, according to Chief Executive Officer (CEO) Izham Ismail. “Our future network requires 50 narrowbody aeroplanes, so we have still got space for 25,” Izham said on the sidelines of an annual meeting of ...