BLOOMBERG The UK equity market’s record valuation gap to the US is increasing pressure on its companies to maximise shareholder returns through options such as relisting abroad, according to Citigroup Inc. The MSCI United Kingdom Index now trades at a record 40% discount to the US on a 12-month forward earnings-based valuation, strategists including Beata Manthey wrote in a note …

DUBAI / GULF TIME CellSave Arabia, the UAE’s only licensed private stem cell biobank, is proud to be at the forefront of the regenerative medicine revolution. In 2022, the company successfully released over 100 stem cell units from its state-of-the-art laboratories for transplant to treat over 12 diseases in the UAE. These achievements are a testament to CellSave Arabia’s commitment …

DUBAI / GULF TIME American manufacturer of bicycles for comfortable riding, Electra Bicycle Company, announced its entry into the UAE market. It has recently opened a 2 million- euro flagship store spanning an area of 109 square meters in Bluewaters Island in Dubai. The staff can speak five languages, so customers from different countries can easily talk to them. The …