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

BEIJING/WAM China has unveiled a guideline on the development of green finance, outlining 19 important measures for key areas to promote the building of a beautiful China, Xinhua News Agency reported Sunday. Focusing on key areas such as the green development of key industries and ecological protection and restoration, China will work to create a project library for the building ...

BEIJING/WAM China’s automobile industry has revealed a growth trend, with its production and sales of vehicles increasing steadily in the first nine months of 2024, data from the China Association of Automobile Manufacturers showed on Saturday. From January to September, China’s auto production totalled about 21.47 million units, up 1.9 percent year-on-year. Auto sales stood at 21.57 million units, an ...

BEIJING/WAM China has more than 600 million registered users for generative artificial intelligence (AI) services, the Ministry of Industry and Information Technology (MIIT) said on October 12. According to a report by CGTN, Zhao Zhiguo, the chief engineer at the MIIT, emphasised the ongoing growth of the country’s core AI industry, which now includes more than 4,500 companies. Currently, nearly ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) organised the collection of relief aid at Abu Dhabi Ports’ Cruise Terminal (Terminal 1) on October 13 in coordination with Abu Dhabi’s donor agencies and institutions. This step is in line with the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and is carried out with the follow-up ...

SHARJAH / WAM The Sharjah International Film Festival for Children & Youth (SIFF) wrapped up its 11th edition with a grand closing ceremony at the Sharjah Research, Technology, and Innovation Complex. Under the patronage of Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of the Supreme Council for Family Affairs, the event celebrated exceptional filmmakers, directors, and professionals from the industry. ...

DUBAI/WAM The Abu Dhabi Arabic Language Centre (ALC), in collaboration with the Mohammed bin Rashid Library, has published “Sheikh Rashid: Milestones and Images in the Arab Press”, a book marking the anniversary of the death of the late Sheikh Rashid bin Saeed Al Maktoum. Alongside the launch, the ALC organised a panel discussion attended by Mohammed Ahmed Al Murr, Chairman ...

ABU DHABI/WAM The UAE continues to lead digital transformation and financial inclusion in the Middle East region, supported by the transformative power of artificial intelligence, which has become evident across a wide range of economic sectors, primarily in the financial and banking sectors. This contributes to strengthening its economic growth and prosperity while solidifying its leading position in the global ...

DUBAI/GULF TIME In today’s fast-paced world, it’s difficult to come by time to take care of home cleaning needs the manual way. Which is why the demand for smart home cleaning solutions is skyrocketing. These innovations are no longer just about convenience; they’re about transforming the way we live. With our lives becoming increasingly busy, smart cleaning products have emerged ...

ABU DHABI/WAM Abu Dhabi National Oil Company P.J.S.C. (ADNOC) announced on Friday that its acquisition of OCI’s 50% + 1 share stake in Fertiglobe, which was announced in December 2023, has received all required approvals and is expected to close on Tuesday, 15th October 2024. Ahead of closing, a block trade will be initiated on the Abu Dhabi Securities Exchange ...

SEOUL/WAM The Republic of Korea’s central bank on Friday cut its key benchmark interest rate, its first pivot in its yearslong monetary tightening mode, as inflation continued to moderate and the property market showed signs of cooling, reported Yonhap News Agency. As widely expected, the Bank of Korea (BOK) slashed its key rate by 25 basis points to 3.25 percent, ...