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

BLOOMBERG Gap Inc reported second-quarter comparable sales and revenue that missed the average analyst estimate, underscoring ongoing weakness at the retailer’s four brands. The results come three days into Chief Executive Officer Richard Dickson’s tenure, who joined the company from Mattel Inc after his success with the Barbie franchise. While Dickson has yet to lay out a vision for the ...

ABU DHABI/WAM H.H. Sheikh Issa bin Zayed Al Nahyan said that the achievements made by the Emirati women across all fronts are the fruits of the wise leadership’s commitment to providing all possible support for them to forge ahead with their pioneering role at the national level. In statements marking the Emirati Women’s Day, Sheikh Issa commended the support provided ...

BLOOMBERG Instacart joined chip designer Arm Holdings Ltd in moving ahead with an initial public offering, adding momentum to a return of high-profile listings. The largest US online grocery delivery company disclosed in its filing with the US Securities and Exchange Commission that PepsiCo will buy $175 million in preferred convertible stock. The company also revealed it turned a profit ...

BLOOMBERG Meta Platforms Inc, Google and X, formerly known as Twitter, will need to adhere to strict new content moderation rules in the European Union (EU) when a new law governing social media platforms becomes legally enforceable. Alphabet Inc’s Google said that it’s making several changes to comply with the EU’s Digital Services Act (DSA), including expanding access to data ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Maia Sandu of Moldova on the occasion of her country’s Independence Day. 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 ...

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak (The Mother of the Nation), Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), launched the National Strategy for Empowerment of Emirati Women in the UAE for the years 2023-2031, on the occasion of the ...

ABU DHABI / WAM The UAE will celebrate the “Emirati Women’s Day” on August 28, which represents an annual national occasion to express pride in the outstanding achievements of Emirati woman and her pivotal role and distinguished contribution to the country’s renaissance and sustainable development. The theme of this year’s Emirati Women’s Day, “We Collaborate for Tomorrow”, launched by HH ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has launched a back-to-school health awareness campaign from August 17 to 31 to equip parents and students with insights into the significance of adopting healthy lifestyles as they return to school, emphasising the benefits of physical activity, a balanced diet, regulated sleep patterns, and controlled electronic screen time. In collaboration ...

BLOOMBERG Former President Donald Trump raised $7.1 million since his arrest in Georgia as his campaign sought to capitalise on the mug shot taken at a Fulton County jail, according to a person familiar. Trump brought in $4.18 million, the highest single-day haul of his 2024 presidential campaign effort, the person said. His campaign has taken in nearly $20 million ...

BLOOMBERG UK Prime Minister Rishi Sunak will not attend the United Nation General Assembly in New York next month, a Downing Street spokesperson said in an emailed statement. The UK delegation will be led by Deputy Prime Minister Oliver Dowden and Foreign Secretary James Cleverly, according to the statement sent to Bloomberg. While he’ll skip the annual gathering, Sunak plans ...