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

  Bloomberg Energy stocks dropped with oil prices as investors weighed reports that the Biden administration is considering a massive release of crude from US reserves to fight inflation. Stocks in Europe are set for the first quarterly decline since 2020. Shares in big US energy companies declined in premarket trading, while index futures mostly advanced, Treasuries held gains and ...

DUBAI / WAM Abu Dhabi Fund for Development (ADFD) has signed a Memorandum of Understanding (MoU) with the African Development Bank (AfDB), aimed at strengthening cooperation over investment in strategic sectors in Africa that would sustainably drive socioeconomic development in the continent, while also achieving the UAE’s development- financing goals for developing countries. The MoU was signed by Mohamed Saif ...

  ABU DHABI / WAM Edge has officially launched the first major phase of its cutting-edge Learning & Innovation Factory (LIF), a pioneering Industry 4.0 ‘one-stop hub’ providing an inspiring and immersive environment for learning, innovation, and operational excellence — empowering talent with key skillsets and capabilities across multiple spheres of advanced technology. Edge, which is the region’s leading advanced ...

SHARJAH / WAM Sharjah Airport won the ‘Best Airport in the Middle East’ award in the 5 to 15 million passenger per year category and the ‘Voice of the Customer’ accreditation given by Airports Council International (ACI). It bagged the accolade at ACI World’s Airport Service Quality (ASQ) Awards 2021, an event sponsored by Amadeus, a leading global travel technology ...

  DUBAI / WAM Arvind Krishna, Chairman and CEO of IBM, said that artificial intelligence (AI) will add up to $10 trillion to the global economy in the next decade. Greater adoption of AI in the UAE could also add up to $200 billion in productivity gains by 2030, Krishna told Omar bin Sultan Al Olama, Minister of State for ...

  DUBAI / WAM “The UAE is a leader in the participation of women in governments and the multilateralism,” said the Executive Secretary of the UN Capital Development Fund (UNCDF), noting that nine out of 33 ministers of the UAE government are women. In an exclusive interview with the WAM, Preeti Sinha stated that the future of governments will not ...

  Abu Dhabi / WAM To further develop Egypt’s maritime industry, AD Ports Group has signed a Memorandum of Understanding (MoU) with the Egyptian Group for Multi-purpose Terminals, the commercial arm of the Egyptian Ministry of Transportation, to jointly oversee the development and operation of Egypt’s Ain Sokhna port and discuss cooperation to develop the maritime sector in Egypt. Under ...

  DUBAI / WAM Dr. Anwar Gargash, Diplomatic Adviser to UAE President, said on Wednesday that the UAE’s main approach is building bridges and advancing the agenda for stability and prosperity in this rapidly changing world. Dr Gargash made this statement during a panel, entitled ‘Are We Ready for A New World Order?’, organised as part of the World Government ...

  DUBAI / WAM India celebrated its National Day at Expo 2020 Dubai with cultural celebrations and support from a large, cheering crowd for the official ceremony in Al Wasl, with one of the country’s top government ministers looking to the future with optimism. Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and Commissioner General of Expo ...

  Dubai / WAM The Mohammed bin Rashid Initiative for Global Prosperity (MBR Initiative) and the United Nations Human Settlements Programme (UN-Habitat) on Wednesday announced that they had started preparations to launch the first cohort of the Decade of Action Challenge to drive sustainable urbanisation. The two organisations conducted two Challenge Design Workshops, one virtually on March 23 and another ...