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

  Bloomberg Weeks of fretting over the Federal Reserve’s plan to combat inflation with higher interest rates is coming to fruition as Asian stock markets tumble into the bear markets and technical corrections. The MSCI Asia Pacific Index slid as much as 2.7% on Thursday, pushing it down more than 17% from its recent high, after Fed Chair Jerome Powell ...

  Bloomberg South Korea’s LG Energy Solution soared in its first day of trading in Seoul, following the country’s biggest initial public offering on record. The world’s second-largest battery maker soared to close 68% above its IPO price of 300,000 won, even as the nation’s benchmark Kospi tumbled into a bear market. Now worth over $98 billion, it’s bigger than ...

  ABU DHABI / WAM Adnoc maintained in 2022 its position as the UAE’s most valuable brand for the fourth consecutive year, according to a new report from Brand Finance, the world’s leading independent brand valuation consultancy. Adnoc’s $12.76 billion (AED47 billion) brand value witnessed a 19% increase over the previous year and a 174% increase since 2017, said an ...

ABU DHABI / WAM The Department of Media and Creative Industries at UAE University (UAEU), in collaboration with the Emirates News Agency (WAM) and Russia’s Sputnik News Agency and Radio, held a lecture on the role of the media in strengthening partnerships and training a new generation of journalists on how to deal with a multi-cultural public through modern tools. ...

  ABU DHABI / WAM Etisalat has been ranked as the world’s strongest telecom brand and is the first in the Middle East and Africa (MEA) region to achieve this milestone recognition by Brand Finance, the world’s leading brand valuation authority. With a telecom portfolio of well over $12.5 billion, Etisalat retained not only its AAA brand rating but also ...

  ABU DHABI / WAM The fourth meeting of the High-Level Consultations Committee on Nuclear Cooperation between the Government of the Republic of South Korea and the government of the United Arab Emirates has convened. The meeting was chaired by Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Infrastructure of the UAE and Choi Jong-moon, Vice Minister ...

  Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq) has announced the signing of a franchise agreement with Marriott International for two new hospitality projects set in Sharjah’s scenic East Coast. The agreement, signed by Shurooq’s Sharjah Collection & Hotels Management, marks the debut of Marriott’s Autograph Collection in Sharjah. Two of Shurooq’s new hospitality projects in Kalba ...

  ABU DHABI / WAM A summit was held in Abu Dhabi on Wednesday that brought together His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, His Majesty King Hamad bin Isa Al Khalifa of Bahrain, and Abdel Fattah Al-Sisi, President of the Arab Republic of Egypt. ...

  Dubai / WAM The Ministry of Health and Prevention (MoHAP) has launched an AR-powered paperless drug packs project, by linking the entire drug information to an electronic source on the Internet. The new project aims to enhance access to drug-related information in an easy and innovative way, improve treatment outcomes and avoid the medication errors. The move would help ...

  WARSAW / WAM Dr Eman Ahmed Al Salami, UAE Ambassador to Poland, has met with Elżbieta Witek, Speaker of the Polish Parliament. During the meeting, the parties discussed aspects of cooperation between the UAE and Poland in a number of areas of common interest and ways to further develop them, especially in the parliamentary field. The UAE ambassador commended ...