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 The Ministry of Human Resources and Emiratisation (MoHRE) has signed a memorandum of understanding (MoU) with Bayt.com, one of the leading job search and recruitment platforms in the region. The MoU aims to enhance the retention of competent global talent working in the UAE labour market. According to the ministry, the MoU was signed by Khalil ...

STOCKHOLM / WAM The COP28 UAE Presidency has launched its Water Agenda during World Water Week in Stockholm, which took place from August 20-24. COP28 announced its top priority areas, which include conserving and restoring freshwater ecosystems, enhancing urban water resilience, and bolstering water-resilient food systems. Furthermore, the COP28 Presidency announced a partnership with the Netherlands and Tajikistan to serve ...

SHARJAH / WAM Sharjah Entrepreneurship Centre (Sheraa) has signed a memorandum of understanding (MoU) with Wio Bank, the region’s first platform bank, to empower ecosystem players with Wio platform that is built to reboot banking for the new digital age. The agreement comes within the framework of Sheraa’s vision on the importance of robust, reliable and reputable financial services management ...

ABU DHABI / WAM 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 Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, have sent two messages of congratulations to Hun Manet on his appointment as the Prime Minister of ...

BLOOMBERG Nvidia Corp shares were set to hit a record high in early trading after the chipmaker at the forefront of an industrywide artificial intelligence (AI) race delivered a third-straight sales forecast that surpassed Wall Street estimate. Shares rose 8.7% to $512 before markets in New York opened on Thursday after Nvidia said sales will be about $16 billion in ...

BLOOMBERG Snap Inc is appointing a former Google executive to lead its India operations as it strives to become a major social media force in a key growth market. Pulkit Trivedi will start as Snap’s managing director for India, the Snapchat parent said. The company also announced a new, localised organisational structure for the region, with teams such as those ...

BLOOMBERG Twilio Inc is launching new AI-powered features in its suite of data management services, responding to customer demand on how best to use the emerging technology to expand their businesses. With the new tools, clients will be able to generate suggestions about marketing strategy and use internal data to build automated contact support services, the company announced ahead of ...

BLOOMBERG Turkish startup Getir said it struggled to pay some bills in Germany and will cut more than 10% of its global workforce, as the rapid delivery service seeks to raise new funds and attempt to turn around its cash-hungry business. About 2,500 employees will be cut overall, though the company will continue operating in its five current markets, Istanbul-based ...

BLOOMBERG Citigroup Inc will make sweeping changes to its checking-account offerings as the banking giant makes a deeper push into wealth management. The company is ditching standard account packages and will instead adopt “relationship tiers” that are based on customer’s deposit and investment accounts, according to a statement. As customers plow more money into their Citigroup accounts, they’ll automatically be ...

BLOOMBERG Royal Bank of Canada (RBC) said it plans to cut as much as 2% of its full-time equivalent (FTE) staff in the coming quarter after a surge in expenses weighed on third-quarter results. Non-interest expenses climbed 23% to C$7.86 billion ($5.8 billion) for the fiscal third quarter, compared with the C$7.31 billion average of analyst estimates compiled by Bloomberg. ...