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

  Bloomberg Ford Motor Co said it is cutting 3,000 jobs in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles. The cuts will come primarily in the US, while some positions also are being eliminated in Canada and India, a company spokesman said. The total includes 2,000 salaried ...

  Bloomberg Oil struggled to find direction as traders digested comments made by Federal Reserve Chair Jerome Powell suggesting interest rates will rise, which carries the potential of slowing demand for crude. West Texas Intermediate fluctuated near $92 a barrel. The Federal Reserve Chair signaled the US central bank is likely to keep raising interest rates and leave them elevated ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, sent a cable of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia on the death of Princess Abeer bint Abdullah bin Abdulaziz bin Saud bin Jalawi Al Saud. His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

  Abu Dhabi / WAM The UAE capital is preparing to launch the 19th Edition of the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) from the September 26 to October 2. This year, Adihex is witnessing a remarkable development and an increase in the number of Emirati, Arab and international participations, which exceeded the expectations, as the percentage of ...

  Dubai / WAM Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, shared its digital transformation best practices during a virtual meeting joined by 22 representatives from Dubai Electricity and Water Authority (Dewa) and the Knowledge and Human Development Authority in Dubai (KHDA). During the meeting, attendees discussed collaboration opportunities and various e-services designed to ...

  Abu Dhabi / WAM The UAE financial markets on Friday posted gains of around AED8.3 billion in market cap driven by upbeat sentiments at the realty, banking and telecom sectors and cash inflows by institutions and individuals alike. Realty and banking blue chips accounted for the lion’s share of transactions that amounted to more than 14,700 worth around AED1.67 ...

  Abu Dhabi / Gulf Time Abu Dhabi Maritime announced it has licensed more than 1,000 jet skis via its Musaffah-based Licensing and Inspection Centre for Jet Skis since its transition from Abu Dhabi Police to Abu Dhabi Maritime in December 2021. Promoting easy access to licensing services, the Abu Dhabi Maritime Administration website and dedicated portal, with the support ...

  Dubai / WAM For its upcoming season, Global Village guests can look forward to a wide range of enhancements, additions, and upgrades across the destination when Season 27 opens on October 25. The introduction of a third entrance, Happiness Gate, will give guests an alternative to entering the venue, helping traffic flow and ensuring shorter distances from car parks. ...

  Abu Dhabi / WAM The Integrated Transport Centre (ICT) of the Department of Municipalities and Transport in the emirate of Abu Dhabi has taken a number of qualitative initiatives that contribute to achieving the highest levels of security and safety for students on school buses and ensure the provision of safe and easy transport services for more than 155,000 ...

  Abu Dhabi / WAM The UAE capital is preparing to launch the 19th Edition of the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) from the September 26 to October 2. This year, Adihex is witnessing a remarkable development and an increase in the number of Emirati, Arab and international participations, which exceeded the expectations, as the percentage of ...