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

  Bloomberg Renault SA is developing a family-sized passenger car that will run on electricity for short drives and hydrogen for longer trips as part of the company’s push into fuel-cell technology. Dubbed Scenic Vision, the vehicle will have a carbon footprint that’s 75% lower than a conventional electric vehicle because it uses mostly recycled materials, a smaller battery and ...

Bloomberg The UK’s antitrust watchdog started a new investigation of Alphabet Inc’s Google, over suspicions it may have abused its dominant position across its ad tech that goes to the heart of the tech giant’s business model. The move by the Competition and Markets Authority (CMA) opens a fresh front in its regulatory tussle with Google. The CMA said it ...

  Bloomberg Dell Technologies Inc surged the most in two years after reporting quarterly revenue that topped analysts estimates on strong demand for business PCs and networking services, a sign that companies have been upgrading their systems as workers return to the office. The shares jumped 13% to $49.58 in New York, the largest single-day rally since March 2020. Dell’s ...

WARSAW / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Zbigniew Rau, Minister of Foreign Affairs of Poland, explored avenues to consolidate UAE-Polish relations in all sectors to achieve their mutual interests and benefit their peoples. This came as the UAE’s top diplomat, who is currently visiting Poland, met with his ...

  Dubai / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, inaugurated the region’s first project that will upcycle organic waste into high-quality products. The venture by innovative homegrown startup Circa Biotech farms black soldier fly (BSF) larvae, fed by food leftovers before being turned into animal proteins, organic fertilisers, and oils. During a tour of ...

  Abu Dhabi / WAM Visitors to the Abu Dhabi International Book Fair (ADIBF) will have the opportunity to view a valuable set of rare books and manuscripts that date back to ancient times. In a statement to the Emirates News Agency (WAM), Christoph Auvermann, from the French Librairie Clavreuil, said the library is participating for the second time in ...

  Dubai / WAM Dubai has recorded 2,884 real estate and properties transactions at the value of AED8.7 billion in total during the week ending May 27, according to Dubai Land Department (DLD). The DLD weekly report said that 297 plots were sold for AED1.59 billion, as well as 2,116 apartments and villas for AED4.75 billion. The top three land ...

  ABU DHABI / WAM With $16.7 billion worth of exports last year, the US-UAE Business Council is poised to further enhance ties between the United States and the UAE in healthcare, energy sustainability, space, advanced manufacturing, and the digital economy. “There is tremendous potential for the further growth of the bilateral relationship,” Danny Sebright, the Council president, told the ...

  Abu Dhabi / WAM Al Seer Marine has announced that it acquired two vessels, valued at a combined AED246 million, to meet the rapidly growing demand for transportation of liquified petroleum gas (LPG). Al Seer Marine, which is pursuing an expansion strategy to become a major world leader in commercial shipping, has targeted the acquisition of up to 15 ...

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investment, an Abu Dhabi-based private investment firm managing a diversified portfolio of listed and unlisted equities on both local and global markets, announced on Friday that shares and warrants of the co-established SPAC, ADC Acquisition Corporation (ADC), commences trading on the Abu Dhabi Securities Exchange ...