The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg Catalonia’s separatist president is set to name a batch of new cabinet members in a bid to shore up his government after its main coalition partner pulled the plug on their alliance. The seven new so-called councilors will be sworn in Tuesday, President Pere Aragones said on his Twitter account. The move to fill vacant posts in the ...
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October, 2022
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10 October
Facebook warns 1 million users login information compromised
Bloomberg Meta Platforms Inc. said it would notify roughly 1 million Facebook users that their account credentials may have been compromised due to security issues with apps downloaded from Apple Inc. and Alphabet Inc.’s software stores. The company announced that it identified more than 400 malicious Android and iOS apps this year that target internet users in order to ...
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10 October
UK needs to cut 200,000 jobs to avoid debt spiral
Bloomberg The UK needs to cut 200,000 government jobs over the next couple of years to avoid adding billions to the national debt, according to the Institute for Fiscal Studies (IFS). Public-sector wages are on track to increase 5% this year, around half the current rate of inflation but higher than budgeted when spending plans were drawn up in ...
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10 October
US trade deficit narrows for a 5th month to smallest in a year
Bloomberg The US trade deficit shrank for a fifth month in August to the smallest in more than a year, reflecting a decline in the value of imports that’s poised to lend support to economic growth in the third quarter. The trade gap in goods and services narrowed by $3.1 billion, or 4.3% from a month earlier, to $67.4 ...
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10 October
Toronto home prices down 17%
Bloomberg Toronto home prices dipped again in September and have now fallen as much as 17% from their spring peak, as evidence grows that buyers and sellers are growing wary of doing deals. The benchmark price for a home in Canada’s largest city fell a further 1.2% from August, adding to the string of declines that began in April, ...
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10 October
infodas receives Nites certification from Singapore’s CSA
Cologne / Gulf Time infodas, leading provider of Cross Domain Solutions (CDS), announces that its SDoT Security Gateway has officially received the (National IT Evaluation Scheme) Nites certification from the prestigious Cyber Security Agency of Singapore. This top-tier certification once again ensures that the SDoT Security Gateway can be deployed in highly sensitive environments, in accordance with national and ...
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10 October
Global chip stocks decline as Biden expands curbs on tech
Bloomberg Semiconductor stocks across the globe retreated on Monday after fresh US curbs on China’s access to American technology added to a disappointing start to the earnings season, stoking concerns that the industry’s downturn is far from over. In China, bellwether Semiconductor Manufacturing International Corp (SMIC) falls 4% in Hong Kong, the most in five weeks. Declines were steeper in ...
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10 October
FTSE 100 buybacks set to return record $57bn to investors
Bloomberg As recession looms, stock prices slide and sterling sinks, British firms are backing off expansion and instead handing money back to investors by buying back shares like never before. Companies in the FTSE 100 Index are set to repurchase stock worth almost $57 billion this year, significantly above previous peaks, according to financial services firm AJ Bell Ltd. ...
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10 October
Dafz’s non-oil trade up 36% to AED162 billion in 2021
Dubai / WAM Non-oil trade of Dubai Airport Free Zone (Dafz), part of the Dubai Integrated Economic Zones Authority (DIEZ), rose by more than 36 percent year-on-year in 2021, reinforcing Dubai’s strength as a global hub for trade and commerce. Figures shared by the Dafz in cooperation with Dubai Customs showed that the free zone’s non-oil trade exceeded AED162 ...
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10 October
UAE leaders wish President of Uganda on Independence Day
Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of congratulations to Yoweri Museveni, President of Uganda, on the occasion of his country’s Independence Day anniversary. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, sent a similar cable to President ...
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