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

BLOOMBERG Emerging-market stocks fell to the lowest level since March as a strengthening dollar and elevated US yields damped investor appetite for riskier assets. Traders are wary of taking on riskier bets in emerging markets amid rising expectations rates will stay higher for longer in the US, or even increase. The flight to safety sent MSCI Inc’s gauge of developing-nation ...

VIENNA/ WAM The United Arab Emirates is participating in the 67th General Conference of the International Atomic Energy Agency (IAEA) in Vienna, Austria, from 25th to 29th September. The week-long conference is being held under the theme “Global Cooperation in the Nuclear Field”. The UAE delegation, led by Ambassador Hamad Al Kaabi, UAE Permanent Representative to the IAEA, includes various ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan issued Federal Decree-Law No.26 of 2023, amending some provisions of Federal Decree-Law No.4 of 2004 regarding the establishment and organisation of the Presidential Court. The Decree-Law stipulates that the term ‘Chairman of the Court’ shall be replaced with the word ‘Minister’ and the term ‘Chairman of the Presidential Court’ ...

ABU DHABI/ WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, attended today a mass wedding reception at Erth Hotel. Sheikh Mansour congratulated the newly-weds, wishing them a lifetime of happiness. The reception featured traditional Emirati performances.

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received a phone call from Santiago Peña, President of the Republic of Paraguay. During the call, the two leaders discussed relations between the two countries and opportunities for further cooperation, especially in the fields of investment, renewable energy, food security, technology, climate action and the economy. The two ...

ABU DHABI/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended a group wedding reception, which was held at the Erth Hotel in Abu Dhabi. His Highness congratulated the newlyweds, and their families, wishing them a happy married life. Senior officials and family members ...

BLOOMBERG Instacart named former chief financial and operating officer Ravi Gupta to its board of directors, formalising a move after the grocery technology company went public earlier this week. “There are new growth areas — Connected Stores, Instacart Health, AI — entire plethora of ways that the company’s going to innovate,” Gupta said in an interview ahead of the announcement. ...

BLOOMBERG Cainiao Network Technology Co, the logistics arm of Alibaba Group Holding Ltd, is planning to file for its Hong Kong initial public offering as soon as next week, according to people familiar with the matter, potentially making it among the first of the Chinese tech firm’s units to go public. The company is targeting to raise at least $1 ...

BLOOMBERG Amazon.com Inc previewed a push into generative artificial intelligence with new features for its Alexa voice assistant. The new system will focus on a conversation-like interface, real-world applications, personalisation, personality and privacy, Dave Limp, the company’s outgoing devices and services chief, said during an event at Amazon’s second headquarters in Arlington, Virginia. “You can now have near human-like interactions ...

BLOOMBERG Amazon.com Inc has developed a new version of its cashierless shopping technology for clothing retailers — in an effort to expand the system beyond convenience and grocery stores. The retail and cloud-computing giant said the latest iteration of its Just Walk Out technology uses radio frequency identification, or RFID, tags to keep track of apparel. Previously, Amazon’s system has ...