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

BLOOMBERG The crypto market’s once-handsome 2023 lead over stocks is cracking as Bitcoin holds a retreat below $30,000. The year-to-date climb in a gauge of the top 100 digital tokens has cooled to 46%, not far above a 41% jump in the Nasdaq 100 Index of tech stocks. Hype over artificial-intelligence products has boosted the equity measure, which briefly topped ...

DUBAI / WAM Under the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Chairman of the Board of Trustees of Dubai Future Foundation, the Dubai Assembly for Generative AI is set to take place from October 11-12. The assembly aims to shape the future of generative ...

ABU DHABI / WAM The Abu Dhabi Residents Office, the Abu Dhabi Department of Economic Development’s (Added) arm to support the emirate’s thriving community and to strengthen its position as a top destination for top talent, and the Japan External Trade Authority (Jetro) have signed a memorandum of understanding to enhance joint efforts in attracting specialised talent and investors as ...

ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has visited the 19th Liwa Date Festival 2023, a key event on Abu Dhabi’s annual calendar which celebrates the Emirati heritage and highlights the role of dates in the country’s economy and culture. Held under ...

DUBAI / WAM Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has concluded a week-long roadshow in five cities across China. The visit brought together more than 200 digital companies at events in Shanghai and Shenzhen and featured over 55 business meetings to attract multinational companies (MNCs) to expand into Dubai. Participants in the ...

ABU DHABI / WAM Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO of UAE Independent Climate Change Accelerators (UICCA), has emphasised that holding the second edition of the Global Media Congress 2023 under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, reflects the ...

ABU DHABI / WAM Mubadala Energy and Pertamina, the Indonesian state-owned integrated energy company, have entered into an agreement to discuss, explore and potentially engage in energy transition initiatives, primarily focused on carbon capture, utilisation and storage (CCUS) applications in Indonesia. In line with Mubadala Energy’s commitment to play an active role in the energy transition and explore new energy ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, congratulated President of the Republic of Uzbekistan, Shavkat Mirziyoyev, on his birthday. This occurred during a phone call on Tuesday, where His Highness Sheikh Mansour wished Mirziyoyev health and happiness and more progress and prosperity for the ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, presided over the swearing-in of nine new judges of the Dubai Rental Dispute Settlement Centre at a special ceremony held at the Za’abeel Palace in Dubai. His Highness Sheikh Mohammed wished the judges success in their new roles. He highlighted the ...

BLOOMBERG Apple Inc is asking suppliers to produce about 85 million units of the iPhone 15 this year, roughly in line with the year before, according to people familiar with the matter. The Cupertino, California-based company is aiming to hold shipments steady despite tumult in the global economy and a projected decline in the overall smartphone market. It’s likely to ...