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

BLOOMBERG After nearly twenty years designing Porsche 911s and Cayennes, Michael Mauer says new competitors led by EV brands from China are making managers and designers in Germany more receptive to risky vehicle concepts. “These startups, with no heritage, they can do things completely different,” Porsche AG and Volkswagen AG’s head of design said in an interview. “I consider it ...

BLOOMBERG Tesla Inc. this week tempered its growth expectations, signaling that pain is coming for the electric-vehicle industry, a Morgan Stanley analyst said on Friday. Adam Jonas, a long-time bull on the EV behemoth, said investors should seriously consider the broader implications for the EV industry globally after the company’s disappointing third-quarter results and its cautious earnings conference call. Demand ...

ABU DHABI/ WAM Making artificial intelligence (AI) more accessible to the next generation of young people – Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) – recently hosted an immersive experience, transporting more than 300 students from UAE schools and MBZUAI into the metaverse to explain generative technology and demonstrate its potential for creativity. Officially launching its AI Armchair series, the conversation ...

BLOOMBERG The Food and Drug Administration’s (FDA) staff raised concerns about safety data on a potential gene-editing treatment for sickle cell disease, ahead of a closely watched meeting where scientific experts will weigh the first therapy using Crispr technology. FDA advisers are preparing to meet on October 31 to consider and discuss an application from Vertex Pharmaceuticals Inc and Crispr ...

AHMEDABAD / GULF TIME Exploring new horizons in medical and self-care technology requires collaborating with the best. The visionary founder of Kollagen wound care technology, Dr Manoj Jain and Human BioSciences President, Rohan Jain, traveled this past week to Dubai. The Jain Family met with leaders of the premier engineering institute of the UAE at the Birla Institute of Technology ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, over the victims of the Kostenko mine explosion in the Karaganda region of Kazakhstan that resulted in several deaths and injuries, wishing a speedy recovery to all the injured. His Highness ...

ABU DHABI / WAM The UAE, represented by the Ministry of Foreign Affairs, has signed a cooperation agreement with the Republic of Indonesia’s Ministry of Health to facilitate the construction of the UAE-Indonesia Hospital for Cardiac Diseases, which will be located in Solo Techno Park in Surakarta (Central Java). The agreement was signed by Ahmed Ali Al Sayegh, Minister of ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and Chairman of the Education and Human Resources Council (EHRC), attended a ceremony held by the Higher Colleges of Technology (HCT) to celebrate the graduation of 226 male and female students, who obtained distinction and distinction with honours, representing the “Today’s Leaders for Tomorrow 2022-2023” ...

DUBAI / WAM The circular economy model that meshes economic gains with a sustainability ethos is the buzzword for Dubai Electricity and Water Authority (Dewa) even as it keeps pace with burgeoning demand for new infrastructure and services. At the heart of the utility major’s growth strategy is a vision to transform into a globally leading sustainable innovative corporation committed ...

DUBAI / WAM Dubai has retained its leading position in the Mena region on Kearney’s Global Cities Index, ranking 23rd globally and claiming a spot in the top 25 for the third consecutive year. According to the report, prominent emerging hubs around the world, particularly in the Middle East, have seen incredible gains in their global city performance amid a ...