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

DUBAI / WAM More than 40 assessors have been certified by the Ministry of Industry and Advanced Technology (MoIAT) to date with the aim of helping factories across the UAE to accelerate their technological transformations. A new cohort of 18 assessors have recently been trained to support the rollout of the Industrial Technology Transformation Index (ITTI), which was established under ...

DUBAI / WAM The World Governments Summit (WGS) Organisation has launched a new knowledge partnership with India Global Forum, allowing the Forum to join WGS’s elite knowledge partners around the world. The partnership will enrich WGS’s agenda with distinct intellectual and knowledge content specialised in topics including trends, challenges and opportunities related to emerging economies, and solutions to build resilient ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Ramchandra Paudel of Nepal on the occasion of his country’s Constitution Day anniversary. 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 ...

ABU DHABI/ WAM Abu Dhabi Global Market (ADGM), the international financial centre of UAE’s capital, revealed at a special event, 25 leading UAE entities and global firms as partners who are set to support the upcoming Abu Dhabi flagship financial event series, Abu Dhabi Finance Week (ADFW). The upcoming event is set to run from November 27-30, under the patronage ...

ABU DHABI/ WAM Mohamed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD), and the UAE’s Alternate Governor on the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), along with Luky Eko Wuryanto, Vice President and Chief Administration Officer of AIIB; officially opened the operational office for the bank at the Abu Dhabi Global Market. The ...

NEW YORK/ WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, rang the famous opening bell at the New York Stock Exchange to help raise awareness of climate finance in the US business community, as he began a programme of activities on the second day of the United Nations General Assembly (UNGA). This ...

DUBAI/ WAM Dubai International Financial Centre (DIFC), in collaboration with Refinitiv, a London Stock Exchange Group business and one of the world’s largest providers of financial markets data and infrastructure, today published a report titled “Drivers of Innovation in Financial Services”, revealing a five-year outlook for innovation in the financial services industry. Following the initial wave of innovation sparked during ...

BLOOMBERG Even before the European Union targeted imports of cheap Chinese electric vehicles, their makers faced another big challenge: winning over consumers who don’t know or necessarily trust their brands. At the heart of their strategy is the traditional dealership model that European carmakers have been exiting in favour of direct sales. BYD, Xpeng, Great Wall Motor and others hope ...

BLOOMBERG The pound weakened and UK stocks rallied after British inflation slowed unexpectedly, catching traders off guard as they prepare for the Federal Reserve’s policy decision later. Sterling fell as much as 0.5% against the dollar to its lowest level since May as traders bet that the Bank of England is nearing the end of its hiking cycle, with only ...

BLOOMBERG The worst may be over for the Taiwan dollar as China’s economic recovery and a rebound in the chip industry will support the beleaguered currency, according to analysts. The island’s dollar is on course to weaken for a sixth month, the longest stretch since 2006, after foreign funds turned sour on its technology sector and risk sentiment deteriorated on ...