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

BLOOMBERG European stocks rose, following Asia higher, after the latest US data reinforced optimism in a global pivot towards central-bank easing next year as inflation fears evaporate. The Stoxx 600 index added 0.2%, climbing for a second day as US equity futures advanced. MSCI’s Asia Pacific Index gained the most in three weeks. US 10-year Treasuries were steady after a ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, chaired the Ministerial Development Council meeting, which was held at Qasr Al Watan, Abu Dhabi. The meeting discussed a number of legislations and policies aiming at supporting and developing the government work ecosystem, including the climate action ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the largest concentrated solar power (CSP) project in the world, within the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The 950-megawatt (MW) fourth phase is the largest investment project ...

DUBAI / WAM The UAE adopts a set of integrated policies to enhance and diversify job opportunities, boost employment rates, and drive economic prosperity in the country as part of its tireless efforts to combat climate change. This statement was made during a special session by the International Labour Organisation (ILO), held on the sidelines of the 28th United Nations ...

DUBAI / WAM On Wednesday, the COP28 Presidency joined with the United Nations Human Settlements Programme (UN-Habitat), the UN Climate Change High-Level Champion for COP28, and Bloomberg Philanthropies to call on housing, urban development, environment, and finance ministers to back the ‘Joint Outcome Statement on Urbanisation and Climate Change’ (the Statement). The statement, which was supported by over 40 Ministers ...

DUBAI / GULF TIME Perfect Corp the leading artificial intelligence (AI) and augmented reality (AR) beauty and fashion tech solutions provider and developer of the award-winning YouCam suite of apps has unveiled its new virtual try-on technology aimed at beauty salons and hairdressers. Set to redefine the way consumers discover and experiment with hairstyles, this groundbreaking technology, now available in ...

DUBAI/ GULF TIME The Coffee Club, a popular name among coffee aficionados and food enthusiasts in the region, is thrilled to announce the opening of its Wafi City outlet as it celebrates its 9th year in the Middle East. Now operating a network of 22 outlets across the region, with 20 nestled in the UAE, The Coffee Club remains committed ...

ABU DHABI/ WAM Mubadala Investment Company (Mubadala), the Abu Dhabi sovereign investor, has announced its investment in Zenobē, a global player in fleet electrification and battery storage solutions. This strategic investment by Mubadala was executed with Infracapital, the infrastructure equity investment arm of MG Plc, where Mubadala is a strategic limited partner. Founded in 2017 and headquartered in London, Zenobē ...

DOHA/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan headed the UAE delegation participating in the 44th Session of the Gulf Cooperation Council Supreme Council. The summit was inaugurated today in Doha by His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar. The summit addressed ways to build upon the historical cooperation ...

BLOOMBERG European stocks were mixed as traders weighed concerns over China’s debt burden against dovish comments by a European central banker. The Stoxx 600 was little changed, while US equity futures extended losses. German government debt advanced and money markets amped up easing bets after the ECB’s Isabel Schnabel told Reuters that further interest rate hikes are unlikely. At the ...