The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg Visa Inc. is opening a new office in Atlanta as the payments giant proceeds with plans to triple its workforce in the city even as rivals cut back on their staffing. The company has almost doubled its presence in Atlanta in recent years, increasing employees in the Southeastern city to about 350. With the new office, Visa plans ...
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February, 2023
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9 February
DWS eyeing crypto investments
Bloomberg Deutsche Bank AG’s asset management arm is in talks to invest in two German cryptocurrency firms as part of efforts to revive growth. DWS group, led by Chief Executive Officer Stefan Hoops, has held talks about buying a minority stake in Deutsche Digital Assets, a Frankfurt-based provider of crypto exchange-traded products. Another potential target is Tradias, the market-making ...
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9 February
Ultra-low rates are a thing of the past: ECB’s Villeroy
Bloomberg The European Central Bank (ECB) won’t need to return to ultra-low interest rates as inflation will settle in a new regime close to its 2% medium-term target, according to Governing Council member Francois Villeroy de Galhau. “I personally believe that once we will have fought inflation and come back to 2% we will be in a new inflation ...
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9 February
BofA sees more muni-bond defaults in 2023 after Jan uptick
Bloomberg Expect more defaults in the $4 trillion municipal-bond market this year, Bank of America Corp. (BofA) strategists said. Most of the distress will be concentrated in riskier sectors like nursing homes and hospitals. Muni-bond defaults are forecast to total between $1.7 billion and $2.1 billion in 2023, according to a research note of the bank. First-time payment defaults in ...
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9 February
MSCI reviews free float of Adani stocks amid investor concerns
Bloomberg Adani group stocks fell, ending a two-day rally, after MSCI Inc. said it was reviewing the amount of shares linked to the group that were freely tradable in public markets. Any decision by MSCI to cut its assessment of the number of Adani shares considered freely tradable or remove the stocks from its indexes will likely trigger more selling. ...
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9 February
Stocks advance with US futures as earnings in focus
Bloomberg Stocks advanced with US futures as investors digested a slew of earnings reports and awaited data on US jobless claims. Contracts on US gauges signalled a rebound from Wednesday’s equity losses. Walt Disney Co. surged in premarket trading following better-than-expected results and a restructuring plan that includes job cuts and cost savings. Robinhood Markets Inc. rose on an ...
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9 February
UAE industry leaders discuss path to equitable and sustainable future
Sharjah / WAM The Sharjah Investment Forum 2023 (SIF) hosted a panel session titled “Redefining Economies, Making Significant Strides For a Better Future†to engage in a thought-provoking discussion on the steps necessary to create a more equitable and sustainable future. The discussion explored the importance of investment in advanced technology and innovation, role of research and development, financing ...
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9 February
Turkish envoy praises UAE for its humanitarian relief
Abu Dhabi / WAM Ambassador of Türkiye to the UAE Tugay Tuncer, accompanied by Major General Saleh Mohammed Saleh Al Ameri, Commander of Joint Operations at the UAE Ministry of Defence, has visited Al Reef Base in the capital, Abu Dhabi. Ambassador Tuncer was briefed on the progress of the UAE’s humanitarian shipments provided to the Turkish people. He ...
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9 February
ADGMA-Edge deal to boost UAE’s knowledge economy
Abu Dhabi / WAM Abu Dhabi Global Market Academy (ADGMA), the knowledge arm of the international financial centre in Abu Dhabi; and Edge group PJSC have signed a memorandum of understanding (MoU) to bolster talent development and professional growth. As part of the agreement, ADGMA and Edge will collaborate in areas relating to learning and innovation. They will jointly ...
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9 February
Abu Dhabi, Singapore deepen ties with smart city pilot projects
Abu Dhabi / WAM Six Singapore companies have been matched with Abu Dhabi entities to develop and pilot innovative solutions following the Abu Dhabi – Singapore Smart Cities Open Innovation Challenge, jointly organised by the Abu Dhabi Investment Office (Adio), Enterprise Singapore (EnterpriseSG) and IPI Singapore. The announcement was made during the 14th Abu Dhabi-Singapore Joint Forum (ADSJF) in ...
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