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

Bloomberg Microsoft Corp. has detected and blocked a “new family of ransomware” that was being used against servers that still hadn’t patched vulnerabilities after last week’s major security breach. The updates are a temporary measure to defend against attacks, which were already occurring in many places, the company said. The company discovered suspected Chinese state-sponsored hackers were exploiting previously unknown ...

Bloomberg Instagram will give a small number of creators in India the option to share their short video clips on Facebook Inc.’s main social network as part of a new test. Facebook is running a trial in India in which users can share Instagram Reels, short video clips with augmented-reality effects, in the news feed of the main blue app. ...

Bloomberg Bhavish Aggarwal surveys the empty 500-acre expanse encircled by neon-painted homes, tiny shrines and mango groves. The high-profile Ola founder hopes to erect the world’s largest electric scooter plant on this vacant plot on Bangalore’s outskirts within the next 12 weeks, cranking out about 2 million a year — a landmark for one of India’s largest startups. A two-and-a-half ...

Dubai / WAM The need to build a more dignified and just world brought together experts, Expo partners and international participants, alongside renowned humanitarians and a blockbuster filmmaker, at Expo 2020 Dubai’s latest virtual thematic programme, Expo Talks: Global Goals. Held in association with the United Nations on March 9-10, the event explored the innovative solutions and concrete actions needed ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday, a strategic framework agreement with Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) to explore opportunities for collaboration across the full oil and gas value chain. The first-ever agreement between both companies builds on the strong bilateral ties between the UAE and Malaysia and underscores ...

Abu Dhabi / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and Nobuo Kishi, Minister of Defence of Japan, reviewed cooperation relation through a video call. The talks covered bilateral relations and joint work between the UAE and Japan, especially with regard to defence and military affairs, and means to further develop them. The Japanese minister ...

Abu Dhabi / WAM The governments of the UAE and the State of Israel have entered into formal discussions to establish a quarantine-free travel corridor between two countries. The travel corridor, which would apply to passengers who are fully vaccinated against Covid-19, will facilitate travel for commercial, tourism, and official purposes. The two sides noted discussions to establish such a ...

Dubai / WAM Within their efforts to boost the role of Dubai and the UAE e-commerce on the global stage, Dubai Customs signed an agreement with Jebel Ali Free Zone (Jafza) that enables Jafza to enjoy all the services and benefits Dubai Customs provides through its cross border e-commerce platform. The innovative platform utilises blockchain technology to integrate and automate ...

Dubai / WAM Etihad Credit Insurance (ECI) and African Trade Insurance Agency (ATI) have agreed to strengthen the trade relations between the UAE and Africa by providing trade finance solutions to businesses and exporters in both areas. To that end, both sides signed a Memorandum of Understanding (MoU) to boost the global competitiveness of exporters by increasing their awareness on ...

DUBAI / WAM The Business Registration and Licensing (BRL) Sector in Dubai Economy issued 4,796 new licenses in February 2021, an increase of 3.4% from the 4,639 new licenses issued in February 2020. Among the new licenses issued in February 2021, 57% were professional (2,730), followed by 41.5% commercial (1,992), and the rest were distributed among tourism and industrial activities. ...