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 Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), in collaboration with Petuum and LLM360, has launched “K2-65B”, a ground-breaking open-source 65-billion parameter large language model (LLM). K2 sets new standards in transparency and performance for open-source artificial intelligence (AI) by providing a blueprint for documenting and studying the full lifecycle of LLMs, including all reproduction details. ...

DOHA / WAM Sheikh Rashed bin Humaid Al Nuaimi, Vice President of the National Olympic Committee (NOC), led the UAE delegation to the 36th meeting of Presidents of GCC National Olympic Committees, hosted by Qatar in Doha. During the meeting, the attendees adopted several recommendations from the General Secretariat, urging Gulf NOCs to increase specialised sports courses and workshops to ...

ABU DHABI / AD MEDIA OFFICE The Abu Dhabi Investment Office (Adio) has collaborated with Khazna Data Centres (Khazna) to boost Abu Dhabi’s data economy and strengthen its position as a hub for technology and innovation. Khazna will build an advanced data centre in Mafraq, Abu Dhabi, with an initial capacity of 30MW, leveraging government-owned land as part of a ...

BEIJING / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Xi Jinping, President of the People’s Republic of China, witnessed on Thursday a ceremony to announce, exchange, and sign several agreements and memoranda of understanding (MoUs) between the UAE and the People’s Republic of China, across a range of cooperation areas. The ceremony took ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved a new phase of the medical treatment insurance plan for the citizens of Sharjah. The Sharjah Ruler has authorised the provision of medical treatment at the University Hospital for citizens aged between 50 and 55, totalling 5,000 beneficiaries, with an ...

DUBAI / GULF TIME CNPC Economics & Technology Research Institute (or “ETRI”, a China Top Think Tank), launched the report Oil and Gas Industry Development in Dubai. Centering on the topic of “Adjustments in the Oil and Gas Industry”, ETRI provided its insights into the development trends in the oil and gas industry and exploring investment and cooperation opportunities amid ...

SEOUL/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Yoon Suk Yeol, President of the Republic of Korea, met in Seoul today to explore opportunities to build upon the Special Strategic Partnership between the UAE and Republic of Korea and expand bilateral cooperation across various fields. The two leaders also discussed regional and international ...

DALLAS/ GULF TIME Joyalukkas, the renowned global Jewellery brand, proudly held the grand inauguration of its first showroom in Dallas on May 26. Esteemed dignitaries Susan Fletcher – County Commissioner, Tony Singh – Deputy Mayor and Tammy Meinershagen-Councilwoman, attended the ceremony in the presence of Joy Alukkas, Chairman of Joyalukkas group. Speaking about the new showroom, Joy Alukkas stated, “Dallas ...

MUMBAI/ GULF TIME ‘Hunger-Free World’, the ongoing social welfare program by Malabar Group to provide nutritious daily meals to the needy, will be expanded to cover more people and cities. At present, as many as 31,000 food packets are distributed under the ambitious program, initiated to support the United Nations’ Sustainable Development Goal 2 – Zero Hunger. As part of ...

ABU DHABI / AD MEDIA OFFICE Khalifa Fund for Enterprise Development (KFED) has launched the SWAN programme, an Emirati women empowerment initiative designed to empower ambitious UAE National women entrepreneurs who successfully run home-based businesses in Abu Dhabi. With a strong emphasis on mental wellbeing, mindfulness, and leadership skills development, SWAN aims to help them harness their strengths and gain ...