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

SHARJAH / WAM Mariam bint Mohammed Almheiri, UAE Minister of Climate Change and Environment, and COP28 Food Systems Lead, confirmed that UAE places the global transformation to sustainable agricultural and food systems at the top of its agenda priorities during the COP28, scheduled to be held in the UAE later this month. This came during Almheiri’s participation in the panel …

ABU DHABI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-designate, praised India, the current host of the Presidency of the G20, for its energy transition vision. At the ‘From G20 to COP28,’ special forum held in Abu Dhabi, Dr Al Jaber said the UAE and India shared a “vision for embracing …

ABU DHABI/WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has attended a wedding reception hosted by Issa Saif Al Mazrouei and Ahmed Darwish Al Qemzi for the marriage of their sons Ali Issa Al Mazrouei to the daughter of Mohamed Juma Al Rumaithi, and Khalifa …

ABU DHABI / WAM The Emirates Centre for Strategic Studies and Research (ECSSR) is participating as a “Knowledge Partner” in the second edition of the Global Media Congress, to be held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, at the Abu Dhabi National Exhibition …

BLOOMBERG The rally in stocks sputtered with traders once again watching policy makers for clues on whether they’ll dial back their higher-for-longer stance on interest rates. Europe’s Stoxx 600 index slipped 0.3% and US equity futures traded flat. Oil hovered near a three-month low after plunging almost 7% over the previous two sessions. Yields on 10-year Treasuries held below 4.5%.  …

BLOOMBERG It took just over 18 months, but Bitcoin is finally back to where it traded before the event that precipitated the last crypto crash. The dominant cryptocurrency rose as much as 3.6% to $36,856 on Thursday. That’s the highest since May 6, 2022 — just before the TerraUSD stablecoin collapsed and ignited a daisy chain of failures across the …

DUBAI / WAM Dubai Electricity and Water Authority PJSC (DEWA) today reported its third quarter 2023 (Q3’23) consolidated financial results, with a record quarterly revenue of AED 9.4 billion, an operating profit of AED AED 3.7 billion, and EBITDA of AED 5.2 billion. For the first nine months, DEWA’s consolidated revenue totalled AED 22.2 billion, with an operating profit of …

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has taken a significant step forward in the fight against cancer by launching updated scientific guidelines for breast, cervical, and colon cancer. These guidelines, based on the latest international practices, aim to enhance the efficiency of health workers, provide superior preventive and curative services to cancer patients, and raise awareness …

ABU DHABI / WAM The UAE’s EDGE Group, one of the world’s leading advanced technology and defence groups, has announced the acquisition of a 50 percent stake in Flaris, a pioneering Polish aviation company specialising in the development of state-of-the-art personal jets. The two companies will also establish a joint venture, enabling EDGE to further develop Flaris’ portfolio of jets, …

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has become the first bank globally to join the COP28 Net-Zero Transition Charter. The Charter was launched in November 2023 by the COP28 Presidency to mobilise and encourage the private sector to demonstrate bolder action on climate. Through this initiative, companies must commit to greater accountability in net-zero pledges. FAB’s commitment …