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

BLOOMBERG It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it. Elon Musk decreed that Twitter’s product name would be changed to “X,” and that he is getting rid of the bird logo and all the associated ...

DUBAI / WAM The Museum of the Future is set to host the upcoming talk as part of the ‘Future Experts’ monthly series. The next session will take place on Thursday, where expert Sougwen Chung will cover topics in artificial intelligence and technology, robotics, virtual reality and biofeedback. Under the theme of ‘Seeing Double: Bridging Dualities with Relational Intelligence’, the ...

ABU DHABI / GULF TIME Home properties in the UAE are now more popular than ever. With the booming real estate market, and attractive new constructions, investors and tourists are flocking from around the world to the country. Hoping to make the transition from a new property to a home even faster, Ebarza has announced the launch of its exclusive ...

ABU DHABI / GULF TIME Bloom Holding, one of the UAE’s foremost real estate development companies, has announced a guaranteed annual return on investment of up to 8 per cent over five years for its hotel apartments at Bloom Arjaan by Rotana. Only a limited number of premium units are available for investment. Located in Bloom’s prestigious Park View on ...

GENEVA / WAM The General Council of the WTO has elected Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, as Chair of the World Trade Organisation’s 13th Ministerial Conference (MC13) on Monday. The ministerial conference, attended by leading representatives from the 164 countries and customs blocs that make up the WTO, will take place in Abu ...

ABU DHABI / WAM The Department of Municipalities and Transport (DMT) announced that foreign direct investment (FDI) in the individual category within Abu Dhabi’s real estate sector has soared to AED834.6 million during the first half of 2023, achieving a record growth rate of 363% compared to the corresponding period last year. According to data released by the DMT, the ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has gifted a herd of horses to the youngest Iraqi horse rider, Lania Fakher, following the loss of her mare. Sheikh Mohammed has also directed to support the Iraqi youngest rider to establish an equestrian training centre. ...

SHARJAH / WAM Sharjah Islamic Bank (SIB) announced an increase in its operating profit before provisions by 31%, reaching AED 648.7 million for the first half of 2023, compared to AED 497.2 million for the same period in the previous year. The bank’s net profit amounts surged to AED 494.6 million for the first half ended on June 30, showing ...

ABU DHABI / WAM Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development (ADFD), said the presence of a UAE Government delegation, which includes the ADFD, at the United Nations (UN) High-level Political Forum on Sustainable Development (HLPF) for 2023 in New York is of great importance, as it highlights the UAE’s pioneering model and exceptional experience ...

ABU DHABI / WAM Burjeel Holdings has been awarded a contract to operate and manage Al Dhannah Hospital, one of the largest healthcare facilities in the Al Dhafra region, owned by Adnoc, in a significant move that further underlines its Operation and Management (O&M) capabilities. Under the agreement, Burjeel Holdings will assume full operational responsibility for Al Dhannah Hospital, aiming ...