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

Bloomberg Oil falls for a second-consecutive month as a deteriorating demand outlook offset concerns over tight physical supplies. West Texas Intermediate rises, bringing this week’s gain to around 4%. Futures nevertheless recorded their first back-to-back monthly decline since 2020 as fears of an economic slowdown fueled bearish sentiment across markets. The US economy shrank for a second quarter as rampant ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has received congratulatory cables from the Kings, Presidents and Princes of Arab and Muslim countries, on the occasion of the new Hijri Year. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received similar cables ...

Sharjah / WAM Sharjah’s exhibition and conference season will soon kick off with a wide range of major local, regional, and international events hosted and organised by the Expo Centre Sharjah during the last four months of 2022. From August 26 to January 1, 2023, Sharjah will host a total of 11 business, commercial, and cultural events that will draw ...

  Fujairah / Gulf Time The National Bank of Fujairah (NBF) announces its results for the six month period ended June 30. The bank recorded year-on-year growth of 97.5% to close the six month period at a net profit of AED150.5 million compared to AED76.2 million in corresponding period of 2021, up 49.4% quarter-on-quarter and 163.6% for three month period ...

  Sharjah / WAM The Hamriyah Free Zone Authority (HFZA) has partnered with Rafid Automotive Solutions to establish an integrated technical centre within the free zone and provide vehicle repair, maintenance, inspection, as well as registration services and roadside assistance. In addition to promoting Sharjah’s competitive edge, the partnership agreement will also fuel the effort by both parties to upgrade ...

  Abu Dhabi / WAM The central bank of the UAE (CBUAE) has issued a notice to all banks and finance companies operating in the UAE on housing loans granted to beneficiaries of the Home Finance of the Sheikh Zayed Housing Programme (SZHP). The notice included details of the CBUAE decision, in agreement with SZHP and in line with Article ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has developed several innovations using artificial intelligence (AI) to improve the efficiency of operations in Dubai’s water network, monitor cyberattacks, leaks, and faults, and isolate and repair them immediately. These innovative solutions also predict malfunctions of smart meters and pumps based on sensor data, in addition to automating the notifications ...

  Sharjah / WAM Sharjah’s exhibition and conference season will soon kick off with a wide range of major local, regional, and international events hosted and organised by the Expo Centre Sharjah during the last four months of 2022. From August 26 to January 1, 2023, Sharjah will host a total of 11 business, commercial, and cultural events that will ...

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 227,104 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

  Dubai / WAM The Museum of the Future has launched its first Future Heroes Summer Camp, full of fun, educational, and highly entertaining children’s programmes focusing on science, technology, and engineering, art, and mathematics (STEAM). Running from August 2-19, Future Heroes Summer Camp provides a unique opportunity for the imagination, curiosity, and creativity of the nation’s youth to run ...