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

ABU DHABI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, told the Emirates News Agency (WAM) that the UAE should be very proud of its role in achieving this historic outcome achieved at the 28th edition of the UN Climate Change Conference. “The vision, support and guidance of President His Highness ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has made phone calls with David Cameron, Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom; Israel Katz, Minister of Foreign Affairs of Israel, and Sigrid Kaag, the United Nations’ Senior Humanitarian and Reconstruction Coordinator for Gaza. Sheikh Abdullah discussed with ...

    ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has congratulated Felix Tshisekedi on his re-election as President of the Democratic Republic of the Congo. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice ...

BLOOMBERG The super-easy policy of the Bank of Japan (BOJ) has eaten into the yen’s status as a traditional haven for at least the last two years, but the currency reaction to the nation’s New Year earthquake suggests an even deeper issue for the once-favored safe asset. In past years the yen tended to strengthen following news of wars or ...

BLOOMBERG European stocks fell along with bonds as traders weighed the outlook for monetary policy ahead of a raft of speeches by policy makers at the World Economic Forum in Davos this week. The Stoxx Europe 600 index dropped 0.3%, with banks and carmakers leading the decline after data showed Germany’s economy contracted for the first time since the pandemic ...

BLOOMBERG Reaction Engines Ltd, a UK company behind a rocket engine designed for hypersonic flight that is backed by industry heavyweights such as Boeing Co, is examining ways to cut costs to delay asking shareholders for more funds. The company, which has raised more than £150 million ($191 million) from investors, will run out of cash by the end of ...

BLOOMBERG Boeing Co Chief Executive Officer Dave Calhoun fought back tears as he said the planemaker must own up to its shortcomings, underscoring the stakes of a safety incident that’s renewing questions over the quality of its manufacturing. “We’re going to approach this — No. 1 — acknowledging our mistake,” Calhoun told Boeing employees during a companywide meeting at its ...

BEIJING / WAM As China’s 2023 Central Economic Work Conference emphasised boosting foreign trade, the country plans to promote new growth engines in 2024 amid global headwinds. “The unstable momentum and insufficient driving force of the global economic recovery have led to sustained weakness in external demand, which is the main factor affecting the trend of foreign trade,” People’s Daily ...

ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD) has implemented a groundbreaking system for the automatic cancellation of enforcement decisions pertaining to financial payments in all judicial rulings. This initiative establishes the ADJD as the first judicial authority in the region to deploy such a mechanism. The primary objective is to streamline the enforcement decision procedures by leveraging ...

SHARJAH / WAM Sharjah Investment and Development Authority (Shurooq) is taking part in the upcoming Sharjah Real Estate Exhibition (ACRES) 2024 from 17th to 20th January at the Expo Centre Sharjah. During its participation in ACRES, Shurooq will reveal prices for their anticipated ‘Ajwan’ — a residential project in Khorfakkan. Shurooq will also be revealing their ‘Aysha Residence’ development on ...