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

DUBAI / WAM Dubai South has signed an agreement with Beijing New Aerotropolis Holdings Co, China, to establish a comprehensive framework for nurturing cooperative relations, encouraging mutual growth in areas like economic development, urban land-planning, job creation, training, and sustainability. The agreement was signed by Zhigang Liu, Chairman of Beijing New Aerotropolis, and Mohsen Ahmad, CEO of the Logistics District, ...

BLOOMBERG Indian equities headed for fresh all-time closing highs as foreign funds piled into the market, lured by the promise of faster economic growth and an extended pause on interest rates. Equities rebounded from this year’s lows touched in March as global funds, disappointed by China’s uneven recovery, increased holdings of Indian stocks to capitalise on one of the fastest ...

BLOOMBERG European technology shares fell the most in two weeks on worries that central banks will keep driving interest rates higher. ASML Holding NV lost 1.8%, the biggest drag on the Stoxx 600 on Thursday. In the US pre-market, GameStop Corp plunged 18% after firing its chief executive and reporting sales that fell short of estimates. Technology stocks, which tend ...

ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, met members of the American Jewish Committee (AJC). During the meeting, the UAE’s top diplomat and AJC members reviewed cooperation within the Abraham Accords framework and the resulting various initiatives that support peoples’ aspirations for development and prosperity. In this regard, they referred to the ...

ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) and Sinaha Platform signed a memorandum of understanding to support the growth of the national industrial sector through data exchange and digital marketing, enhancing the competitiveness of UAE-made products locally, regionally, and globally. The agreement, signed on the sidelines of the Make it in the Emirates Forum, aligns ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has honoured 17 engineers who have completed a one-year advanced training programme in 3D printing. The programme, which was organised by Dewa’s R&D Centre, supports Dewa’s efforts to develop innovative future solutions that enhance productivity and operational efficiency. The Dewa 3D Printing Champions Programme is the first of its kind in ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced on Wednesday that it has signed an agreement with Astana International Exchange (AIX) for the inclusion of AIX as the fourth member of the Tabadul Digital Exchange Hub. Other members of Tabadul include Bahrain Bourse (BHB) and Muscat Securities Market (MSX). ADX launched Tabadul Hub in July 2022 as the ...

BRUSSELS / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President Designate, met with Ursula von der Leyen, President of the European Commission, to discuss preparations for COP28, the 2023 UNFCCC climate conference, which will take place in Dubai from November 30 to December 12. Dr Sultan was joined by ambassador Lana Zaki ...

ABU DHABI / WAM Mohamed bin Zayed University for Humanities (MBZUH) has launched three new academic journals that will focus on research studies and developments in Philosophy, Islamic Studies and Applied Linguistics. The publications, which will be peer-reviewed, are part of the university’s efforts to enhance the position of the Arabic language in research and knowledge production and strengthen its ...

BLOOMBERG US futures and European shares drifted lower, as a bigger-than-expected drop in Chinese exports stoked further concerns about the strength of global demand.  Signs of fading momentum in the world’s second-largest economy are weighing on sentiment globally, damping the optimism earlier this year surrounding China’s reopening from pandemic restrictions. The nation’s exports to most destinations contracted in May. Despite ...