The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg European stocks advanced alongside US stock futures after the S&P 500 closed higher for the first time in four sessions, providing a moment of respite in one of the worst years for stocks and bonds in more than a decade. The Stoxx Europe 600 Index rebounded 0.5% from its lowest level since November 9 after global bond yields surged ...
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December, 2022
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21 December
Wall Street strategists say equity recovery in 2023 won’t be easy
Bloomberg Investors ready to turn the page on the worst year for equities since the global financial crisis should brace for more pain heading into 2023. That’s the blunt message from top strategists at Morgan Stanley, Goldman Sachs Group Inc. and others, who are warning that stocks face fresh declines in the first half as corporate earnings succumb to ...
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21 December
UAE affirms full support for stability, security of Jordan
Abu Dhabi / WAM The UAE affirmed its full support and solidarity with the Hashemite Kingdom of Jordan in reflection of the strong ties between the two countries and peoples, stressing the importance of ensuring stability and security in the country. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed the UAE’s support for all ...
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21 December
UAE announces holiday for private sector on January 1
Dubai / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has announced that Sunday, January 1, 2023, will be an official paid holiday in the UAE for all private sector employees. The holiday is in accordance with the UAE cabinet decision on approved official holidays for government and private sectors.
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21 December
UAE’s trade, industry sectors receive AED37bn financing
Abu Dhabi / WAM Credit financing provided by national banks to the trade and industry sectors totalled AED37.2 billion in the first nine months of 2022, according to recent data issued by the central bank of the UAE (CBUAE). The statistics showed that the cumulative balance of credit provided by national banks to the trade and industry sectors reached ...
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21 December
FAB unveils first sustainability-linked current account for corporate clients
Abu Dhabi / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched a new sustainability-linked current account for corporate clients, extending its leadership as an environmental pacesetter for the UAE banking sector. The new FAB Sustainable Account will support clients in achieving ESG objectives by contributing ...
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21 December
Deyaar to launch three new projects in Dubai’s Al Furjan
Dubai / Gulf Time Deyaar Development PJSC (Deyaar), one of the leading real estate developers and service providers in Dubai, has announced its intention to launch a trio of new projects in Al Furjan worth approximately AED300 million. The three projects will comprise residential units and hotel apartments and will include approximately 400 diverse units consisting of one, two ...
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21 December
Adib receives e-marketplace champion award
Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) has received the e-Marketplace Champion Award for its excellence in digital adoption from blockchain-powered e-Marketplace TradeAssets. With TradeAssets platform, Adib has secured 130 deals with total value of over $128 million till date and 11 banks from Bangladesh. Abdulla Shehhi – Global Head International Business Group (IBG), at Adib, said, ...
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21 December
AstraZeneca, G42 unit partner to manufacture drugs in Abu Dhabi
Abu Dhabi / WAM Building on the ongoing efforts of the Department of Health – Abu Dhabi (DoH) in spearheading Abu Dhabi’s healthcare ecosystem, AstraZeneca, a science-led biopharmaceutical company, and G42 Healthcare, an AI-powered healthcare company, signed a strategic partnership agreement to locally manufacture innovative drugs in Abu Dhabi. The binding agreement focuses on collaboration in four key areas including ...
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21 December
InfraX signs deal with UnaBiz to enhance disruption in IoT space
Dubai / WAM InfraX, a subsidiary of Digital Dewa, has signed a memorandum of understanding (MoU) with UnaBiz, Massive IoT service provider and the new owner of Sigfox 0G technology. Rashid Al Ahmedi, COO of InfraX, and Phillippe Chiu, Co-Founder and Co-CEO of UnaBiz, signed the MoU, which will pave way for joint collaborations between the parties that will see ...
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