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

DUBAI / WAM The National Programme for Artificial Intelligence, in collaboration with the National Programme for Coders, has launched the fifth edition of the UAE AI Camp, a five-day camp that aims to empower new generations with advanced technology, tools, and skills in artificial intelligence. The camp targets school and university students, as well as various groups of society. It ...

BLOOMBERG  Housing Development Finance Corp, India’s largest mortgage financier, merging into HDFC Bank Ltd is likely to lead to a drop in borrowing costs in the rupee bond market, a senior official at the merged unit, said. “If the amount of supply comes down and demand remains the same, then prices will reflect that,” Keki Mistry, a non-executive director on ...

BLOOMBERG  Even in a year where currency volatility is falling worldwide, the slump in swings in the Indian rupee has traders from London to Singapore asking when the central bank will loosen its iron grip. The rupee’s one-month implied volatility versus the dollar crashed to its lowest since 2005 in June, drawing queries from investors on roadshows of Citigroup Inc ...

BLOOMBERG  UBS Group AG named Sylvia Coutinho Brazil country head and the regional leader for Latin America businesses as the Swiss bank integrates teams from its acquisition of Credit Suisse Group AG. Marcello Chilov, Credit Suisse’s former chief executive officer in Brazil and head of wealth management for Latin America, will run UBS global wealth management in Latin America, according ...

ABU DHABI/ WAM The Environment Agency — Abu Dhabi (EAD), in collaboration with key stakeholders, has set the ambitious target of collecting 20 million single-use plastic bottles a year for recycling. This will be achieved, in part, by installing 70 Reverse Vending Machines (RVMs) and 26 Smart Bins in areas with high footfall in the emirate of Abu Dhabi such ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of congratulations to Sir David Vunagi, Governor General of the Solomon Islands , on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and ...

BLOOMBERG The dollar weakened, stocks rose and Treasury yields dipped on expectations slowing US inflation will erode the case for more rate hikes. A gauge of the greenback dropped to the lowest since April as traders focus on US consumer price data, with a Bloomberg survey showing expectations for both core and headline inflation continuing to moderate in the face ...

BLOOMBERG European stocks advanced, catching up to overnight gains on Wall Street, as investors awaited data that is likely to show a cooling in US inflation. The Stoxx 600 Index was up 0.6% in London, with technology and insurance stocks leading the gains. Travel and leisure and healthcare sectors underperformed. JD Wetherspoon Plc climbed after the UK pub operator gave ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) and NWTN Inc, an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world, have inked an agreement to train and provide job opportunities for UAE talent and develop the automotive industry as well as green economy. NWTN plans to build an integrated production line ...

DUBAI / WAM Following the UAE cabinet’s approval of the Third Update of the country’s Second Nationally Determined Contributions (NDC) under the Paris Agreement, the Ministry of Climate Change and Environment (MOCCAE) on Tuesday announced a comprehensive roadmap to achieving 40 percent emission reduction by 2030 compared to business as usual. The Third Update of the Second NDC marks a ...