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 President His Highness Sheikh Mohamed bin Zayed Al Nahyan has ordered the expansion of the scope of subsidy provided for electricity tariffs in the northern regions of the country to include all farmers covered by the Emirates Water and Electricity Company. The move is in line with His Highness’s keenness to support the Emirati farmers and the agricultural ...

DUBAI/GULF TIME  Pedagogy is the core of Dibber, which is the #1 Scandinavian education expert in the UAE, and heart culture is the foundation for the learning experience that children and students encounter every day at Dibber. Shauna Ross, Dibber’s Chief Pedagogy Officer, who was in Dubai, said, “The Nordic way of learning encourages outdoor exploration so children can experience ...

ABU DHABI / WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) is set to participate at COP28 in the Greening Education Hub that is organised by the Ministry of Education (MoE) in the UAE later this month, underscoring the critical role artificial intelligence (AI) can play in accelerating innovation and helping society meet climate change targets. From November 30 ...

DUBAI / WAM Dubai Airports has signed a training collaboration agreement with International Aviation Consulting and Training (IACT), the commercial and training arm of the General Civil Aviation Authority (GCAA). The agreement marks a significant development that is set to redefine the aviation training landscape in the region. The agreement will focus on assessing and developing English language skills for ...

ABU DHABI / WAM Brazilian high-tech system specialist, SIATT, in which Edge Group holds a 50% shareholding, has announced that it has been awarded a strategically important pilot project to supply secure communications technology for the surveillance and protection of Brazil’s entire coastal infrastructure. The project, known as ‘Sistema de Gerenciamento da Amazonia Azul’ (SisGAAz), will play a crucial role ...

ABU DHABI / WAM The United Arab Emirates has secured the presidency of the Federation of Afro-Asian Insurers Reinsurers during the General Assembly elections held at the Abu Dhabi National Exhibition Centre. Khaled Mohammed Al Badi, Chairman of the Emirates Insurance Association, assumes the presidency of the Federation of Afro-Asian Insurers Reinsurers for the upcoming term of 2023-2025. Al Badi ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, said that the UAE-Bahrain ties have deep-rooted historical relations established by the late Sheikh Zayed bin Sultan Al Nahyan and Sheikh Isa bin Salman Al Khalifa. While chairing the 11th session of the UAE-Bahrain Joint Higher Committee, Sheikh Abdullah welcomed Bahrain’s Foreign Minister Dr ...

BLOOMBERG Brazil raised its estimate for this year’s budget gap to account for rising government spending and declining revenue amid a weakening economy. The primary fiscal deficit, which doesn’t take into account interest payments, will reach 177.4 billion reais ($36.1 billion) this year, compared with a previous forecast of 141.4 billion reais, according to an official report. Public expenses were ...

BLOOMBERG Stocks in Europe struggled for traction on Thursday as activity surveys showed a recession in the euro area is looking increasingly likely. S&P Global’s purchasing managers’ index was in contraction again in November, hitting 47.1, data showed. While that’s a bigger uptick than anticipated by economists, it marks the sixth consecutive month below the 50 level that indicates expansion. ...

ABU DHABI / WAM In a global competition for students and educators that saw hundreds of entries from 43 countries, a five-member student team from GEMS Our Own English High School, Dubai, is among the finalists in the student category. An educator from Cambridge High School, Abu Dhabi, is a top contender in the teacher category. The young people and ...