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

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) and e& enterprise on Thursday announced their joint cooperation to enhance and exchange experiences in the areas of Industry 4.0 and sustainable manufacturing, as part of efforts to achieve the Abu Dhabi Industrial Strategy’s (Adis) objectives. Added and e& enterprise signed a memorandum of understanding (MoU) during the ...

DUBAI / WAM The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office, in collaboration with the National Program for Artificial Intelligence and the National Program for Coders, concluded the UAE AI Camp activities. The camp attracted more than 8,000 participants, aiming to develop their digital skills, explore the digital world, and deepen their understanding of future fields. This ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Joko Widodo of Indonesia on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister ...

BLOOMBERG Chinese stocks saw volatile trading as worrying signs mount in all corners of the economy.  The Hang Seng Index, where a majority of the members are mainland firms, closed little changed after falling more than 2% earlier, which took losses since a January high to 21%. A gauge of Chinese tech stocks gained 0.8%, flipping from a 2.5% loss. ...

BLOOMBERG US equity futures hinted at recovery from the retreat, even as a selloff intensified across bond markets worldwide. S&P 500 contracts added 0.2%, while Europe’s equity benchmark slipped 0.4%, falling under its 200-day moving average for the first time since March. While many investors had believed that the Federal Reserve was done raising interest rates, that’s no longer a ...

SHARJAH / WAM Sharjah has recorded real estate transactions worth AED1.9 billion during July 2023, according to the monthly report issued by Sharjah Real Estate Registration Department. The department executed a total of 2,783 transactions of which 684 were sales transactions across 96 areas, distributed over the various regions of the emirate, and with more than 6 million square feet ...

Al AIN / WAM The United Arab Emirates University (UAEU) has made all the necessary preparations for the start of the new academic year 2023-2024. It received 4,764 new students, both male and female, who have successfully completed the admission and registration procedures for the various colleges and academic programs offered by the university. These efforts are aligned with the ...

ABU DHABI / WAM Adnoc Gas plc, a world-class integrated gas processing company, on Thursday announced a five-year liquefied natural gas (LNG) supply agreement with Japan Petroleum Exploration Co, Ltd (Japex), the Japan-based energy company. The agreement, valued between $450 million (AED1.65 billion) and $550 million (AED2 billion), builds on the long-standing bilateral relationship between the UAE and Japan and ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a written letter from the President of the People’s Democratic Republic of Algeria, Abdelmadjid Tebboune, regarding bilateral relations and ways to enhance them between the two nations. During a meeting held at Qasr Al Watan, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Ali Bongo Ondimba of Gabon, on the occasion of his country’s Independence Day, observed on August 17. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and ...