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

DUBAI / WAM In the first half of 2023, Dubai Municipality notched a 19 percent year-on-year increase in smart transactions, highlighting the accelerated digitisation of its public services.  With a series of digital initiatives, ranging from an advanced construction management system to AI-powered customer service, the Municipality is raising the benchmarks of urban governance. By embracing the potential of next-generation ...

HONG KONG / WAM Abdullah bin Touq Al Marri, Minister of Economy, stressed that the UAE and China share strong strategic relations, which have witnessed continuous development in various fields and sectors. In his statements to the Emirates News Agency (WAM), Al Marri said that China is the largest trading partner of the UAE, which in turn is Beijing’s largest ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, stressed the importance of caring for ancient manuscripts in all fields, because of their great benefits for new generations in knowing their heritage. The Ruler of Sharjah indicated that the House of Manuscripts in the emirate of Sharjah will be open to ...

ABU DHABI / GULF TIME Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Emirates Link Maltauro L.L.C. as the main contractor to carry out the construction works for Toledo, phase two of its fully integrated and all-inclusive residential community, Bloom Living. This announcement follows the appointment of the main contractor for Bloom ...

BLOOMBERG In the first hands-on testing of the iPhone 15 Pro and Pro Max, the new materials and charging port stand out as the most distinct changes from last year’s models. The new phones’ use of titanium along the sides, which replaces stainless steel, is an attention-grabbing addition. The material is meant to make the phones more lightweight and durable, ...

DUBAI / WAM Master developer Expo City Dubai has announced the second phase of its Shamsa Townhouses project in Expo Valley, launching a limited number of units following the sell-out of the first phase. Demonstrating its global appeal, the project has seen interest from both investors and owners from around the world. Mangrove Residences, the first of three clusters of ...

ABU DHABI / WAM Edge entity Milrem Robotics, Europe’s leading developer of robotics and autonomous systems, on Wednesday unveiled the THeMIS Combat unmanned ground vehicle (UGV), equipped with the HALCON Hunter 2-S swarming loitering munition. HALCON is a regional leader in the design and production of guided weapons systems and beyond. The new THeMIS Combat was unveiled in London at ...

BLOOMBERG The dollar is poised to jump with Treasury yields in the coming months as still-elevated inflation will likely push the Federal Reserve toward further policy tightening, says Clifton Hill at Acadian Asset Management. Hill, a global macro portfolio manager, sees the US currency gaining an additional 5% versus many peers, with the trigger coming as policy makers signal further ...

BLOOMBERG US equity futures traded little changed as traders awaited inflation data for clues on whether policy makers will keep rates higher for longer. Europe’s Stoxx 600, meanwhile, retreated 0.7% as stagflation concerns mounted. The pound extended declines to a three-month low after the UK economy shrank at the quickest pace in seven months. Crude prices jumped after warnings from ...

GENEVA / WAM The UN Conference on Trade and Development (UNCTAD) will hold the World Investment Forum 2023 in Abu Dhabi to rally investments for climate action, clean energy, health care, food security and other development needs. Heads of state, more than 50 government ministers, over 150 CEOs of leading companies and stock exchanges, and thousands of investment stakeholders, more ...