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

BLOOMBERG Renault SA will rejuvenate the Twingo for the electric era as part of broader efforts to show its EV business can quickly bring new plug-in models to market. The redesigned city car, presented at an investor event, will be sold from 2026 for less than €20,000 ($21,680), putting Renault in contention to produce affordable EVs in Europe. Chinese manufacturers ...

BLOOMBERG Honda Motor Co will hike the pay of some US employees by 11% following the United Auto Workers’ (UAW) historic contract victories at its unionised Detroit competitors, according to a company memo seen by Bloomberg. “Honda continuously reviews our total rewards packages to ensure we remain competitive within our industry,” the company’s human resources department wrote in a memo ...

ABU DHABI / WAM TRENDS Research and Advisory organised a panel discussion entitled “Youth, Education and the Future of Media” at its pavilion at the Global Media Congress (GMC) held at Abu Dhabi International Exhibition Centre. The event was attended by an elite audience of researchers, media professionals, students, and content managers. The “Trends Podcast” recorded six episodes that discussed ...

ABU DHABI / WAM The Emirates News Agency (WAM) and the Fujairah Government Media Office signed a media Memorandum of Cooperation (MoC) to coordinate and prepare for the Fujairah Media Forum, which will be held in February 2024 under “Parallel Media”. The agreement, which was signed on the sidelines of the second edition of the Global Media Congress, aims to ...

ABU DHABI / WAM Dr Caroline Faraj, Vice President CNN Arabic, said that the United Arab Emirates has become a leading hub for major regional and international media entities, given its incentive environment that attract and encourage creators and innovators. In a statement to the Emirates News Agency (WAM) on the sidelines of her participation in the Global Media Congress, ...

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, on Thursday received Bogdan Octavian Badica, Ambassador of Romania to the UAE, at the Saqr bin Mohammed City. Sheikh Saud and the Romanian ambassador reviewed a number of issues of mutual interest and ways to boost the distinguished ties ...

ABU DHABI/WAM Abu Dhabi Future Energy Company (Masdar), and its partners Abu Dhabi National Energy Company (TAQA), EDF Renewables and JinkoPower, together with procurer Emirates Water and Electricity Company (EWEC), have inaugurated the world’s largest single-site solar power plant ahead of the UAE hosting the UN Climate Change Conference (COP28). The 2 GigaWatt Dhafra Solar Photovoltaic Independent Power Project was ...

BLOOMBERG Chinese stocks slid following a much-anticipated meeting between Presidents Joe Biden and Xi Jinping, as traders saw only modest progress in the strained ties and as fresh data renewed concern over the world’s second-largest economy. The Hang Seng China Enterprises Index closed down 1.4% to lead losses among major Asia equity gauges. It jumped 4% in the previous session ...

BLOOMBERG Stocks paused their rally as the euphoria over a potential dovish pivot by central banks faded and investor attention turned to the latest corporate earnings and deals news. Europe’s Stoxx 600 Index steadied after three days of gains. Burberry Group Plc dropped 6.7% as it warned that this year’s revenue target may be out of reach. HelloFresh SE sank ...

ABU DHABI / WAM Tabreed, the world’s leading district cooling company, reported its financial results for the nine-month period ending on September 30. During the first nine months of the year, Tabreed sustained positive momentum, recording a robust top line of AED1.8 billion, a 10 percent increase year-on-year, compared to AED1.7 billion in the same period last year. Attributed to ...