The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg Equity investors hoping for a better year in 2023 will be disappointed, according to Goldman Sachs Group Inc. strategists, who said the bear market phase is not over yet. “The conditions that are typically consistent with an equity trough have not yet been reached,†strategists including Peter Oppenheimer and Sharon Bell wrote in a note on Monday. They ...
Read More »TimeLine Layout
November, 2022
-
21 November
Stocks decline on China Covid worries; dollar up
Bloomberg Stocks fall amid concern that China may tighten Covid curbs after a string of reported deaths, with investors seeking shelter in the dollar. European equities edged lower, with mining stocks the biggest drag on the regional benchmark index. S&P 500 and Nasdaq 100 futures contracts both dropped by about 0.5%. Walt Disney Co. rallied more than 10% in New ...
Read More » -
21 November
AD Ports group and Transmar launch new Pakistan service
Abu Dhabi / Gulf Time AD Ports group and Transmar International Shipping Company (Transmar) have launched a new container shipping service that will link Karachi, Pakistan’s busiest port, with the major maritime economies of the Middle East and East Africa. The new route will contribute to AD Ports Group’s strategic objectives of increasing regional and global connectivity. The new ...
Read More » -
21 November
India set to become $30tn economy by 2050: Adani
Bloomberg India is set to become a $30 trillion economy by 2050 — a nearly 10-fold jump from its current size — driven by rising consumption and social and economic reforms, according to Asia’s richest man Gautam Adani. The nation’s gross domestic product may start expanding by $1 trillion every 12 to 18 months within the next decade, increasing ...
Read More » -
21 November
Dubai launches three new free digital courses to promote skills of the future
Dubai / WAM Dubai Future Academy, the capacity building arm of the Dubai Future Foundation (DFF), announced on Sunday the launch of three new digital courses to help promote future thinking techniques through a world-class educational experience. This falls in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of ...
Read More » -
21 November
China’s natural gas output rises by 12.3% in October
Beijing / WAM China’s natural gas output logged robust growth last month, data from the National Bureau of Statistics showed. According to Xinhua news agency, the country produced 18.5 billion cubic metres of natural gas in October, up 12.3% from a year ago and the growth pace was 7.7 percentage points faster than that in September. In the first ...
Read More » -
21 November
Ruwad, SEC to launch 8th edition of ‘Business Stars’
Sharjah / WAM The Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) of the Sharjah Economic Development Department, and the Sharjah Education Council (SEC), announced the start of preparations for the launch of the 8th edition of its annual community initiative “Business Stars”. Ruwad is organising the initiative in partnership with the SEC, aiming to develop entrepreneurial thought among emerging ...
Read More » -
21 November
Abu Dhabi’s Added launches ‘smart manufacturing’ index
ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) has announced the launch of the ‘Abu Dhabi Smart Manufacturing Index’, that guides and facilitates private sector players’ transition to Industry 4.0 technologies, applications, and methods as part of its rolling out of the initiatives and objectives set forth by the Abu Dhabi Industrial Strategy. Re-affirming the ...
Read More » -
21 November
Dubai’s free digital courses to promote skills of the future
Dubai / WAM Dubai Future Academy, the capacity building arm of the Dubai Future Foundation (DFF), announced on Sunday the launch of three new digital courses to help promote future thinking techniques through a world-class educational experience. This falls in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of ...
Read More » -
21 November
RTA awards contract for constructing cycling tracks
Dubai / WAM In response to the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to transform Dubai into a bicycle-friendly city, Dubai’s Roads and Transport Authority (RTA) has awarded a contract for the construction of cycling tracks at Al Khawaneej and Mushrif. The project aims ...
Read More »