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

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has utilised innovation and the latest disruptive technologies in detecting leaks in the water transmission underground pipelines. This helped Dewa save 243 million gallons of water and AED9.66 million in 2023. Dewa’s Smart Ball technology detects leaks that are usually difficult to detect using traditional techniques. Since its utilisation in April ...

FUJAIRAH / WAM HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, witnessed the signing of a strategic agreement between the Fujairah Natural Resources Corporation, the Fujairah Oil Industry Zone (FOIZ) and the Emirates General Petroleum Corporation (Emarat). The agreement was signed by Ali Qasim, General Manager of the Fujairah Natural Resources Corporation, Captain Salem Abdullah ...

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received on Thursday at his palace in the Saqr bin Mohammed City, Željka Cvijanović, Member of the Presidency of Bosnia and Herzegovina, who is currently visiting the country. The RAK Ruler welcomed Cvijanović and her accompanying delegation, and discussed ...

DAVOS / WAM Misiek Piskorski, Professor of Digital Strategy, Analytics and Innovation and Dean of Asia and Oceania at IMD, focused during a session held in the UAE pavilion in Davos, on advanced talent management models. The session, entitled “How to build the leaders for tomorrow”, discussed talent management models using artificial intelligence (AI) to help public and private institutions ...

ABU DHABI / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), held separate meetings with Madiyar Menilbekov, Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the UAE, and Antonis Alexandridis, Ambassador of the Hellenic Republic to the UAE. The meetings discussed ways to strengthen bilateral cooperation in various fields, particularly the activation of parliamentary cooperation between ...

ABU DHABI / WAM Edge, one of the world’s leading advanced technology and defence groups, has announced that it will conduct a six-month trial on a major public security initiative with the São Paulo State Government. The partnership was announced during a high-level delegation visit by senior government members to Edge Group headquarters in Abu Dhabi. The ‘Proof of Concept’ ...

BLOOMBERG Japan’s equities are rapidly recovering the heft they lost to their Chinese peers in the early years of the pandemic as global investors continue to seek alternatives to the world’s second-biggest economy. The gap between the market capitalisation of mainland Chinese stocks and Japanese shares has shrunk to $2.55 trillion, the least since July 2020, data compiled by Bloomberg ...

BLOOMBERG Taiwan Semiconductor Manufacturing Co (TSMC) expects a return to solid growth this quarter and gave itself room to raise capital spending in 2024, suggesting the world’s most valuable chipmaker anticipates a recovery in smartphone and computing demand. The main chipmaker to Apple Inc and Nvidia Corp is budgeting capital expenditure of $28 billion to $32 billion — versus about ...

BLOOMBERG European stocks steadied on Thursday after the biggest three-day drop since October as traders re-calibrated their wagers on the timing and extent of interest rate cuts. Signs that European policy makers are converging around a June rate reduction helped calm markets, along with indications that Chinese state funds are coming to the rescue of equities battered by signs of ...

BLOOMBERG Apple Inc will begin selling versions of its Series 9 and Ultra 2 watches without a blood oxygen feature in the US, following a legal setback in its patent dispute with Masimo Corp. The company said that the tweaked models were expected to go on sale on Thursday at its retail outlets and online store. The new models will ...