The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg Crypto-flavoured exchange-traded funds are cluttering the industry’s worst-performing list so far this year. The six worst-performing, non-leveraged ETFs in the $6.6 trillion arena in 2022 are all crypto-linked equity funds, according to data compiled by Bloomberg. The $63 million Global X Blockchain ETF (ticker BKCH) is the biggest loser with a year-to-date drop of 64%. While crypto-linked ETFs ...
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June, 2022
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7 June
Canada’s CDPQ to invest $5b in DP World’s flagship UAE assets
Dubai / WAM DP World and CDPQ, a global investment group, announced on Monday an investment of $5 billion (CA$6.3 billion) in three of DP World’s flagship UAE assets. CDPQ will invest $2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park through a new joint venture in which it will hold ...
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7 June
UAE greets Queen Elizabeth II on 70th anniv of accession to throne
Abu Dhabi / WAM President HH Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Her Majesty Queen Elizabeth II of the United Kingdom of Great Britain and Northern Ireland, on the occasion of the 70th anniversary of Her Majesty’s accession to the throne. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...
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7 June
Dubai, Israel to boost trade, investment ties
Dubai / WAM Dubai International Chamber, one of three Chambers operating under Dubai Chambers, has announced plans to open a representative office in Tel Aviv, which will aim to facilitate trade and investment between business communities in Dubai and Israel. The announcement came during a meeting held at the chamber’s headquarters, attended by Hamad Buamim, President and CEO of ...
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7 June
Adafsa hosts training workshop on food security for 27 countries
Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) hosted the “Regional training workshop on strategic planning and policy development in food security†in Abu Dhabi in collaboration with the Islamic Organisation for Food Security (IOFS). The training workshop was attended by representatives of 27 countries, including the UAE, Bahrain, Jordan, Kuwait, Lebanon, Oman, Palestine, ...
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7 June
Emirates, Airlink activate codeshare partnership
Dubai / WAM Emirates and Airlink officially activated their codeshare partnership, making it easier for customers to create their ideal itinerary and benefit from seamless connections and a single booking reference across eight domestic South African cities via the airline’s gateways Johannesburg, Cape Town and Durban. Emirates customers can now book a wide range of additional flights, including eight destinations ...
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7 June
Dewa completes 44% of 250MW Hatta power plant
Dubai / WAM Dewa has completed 44 percent of its pumped-storage hydroelectric power station being built by Dewa in Hatta, which will have a production capacity of 250 megawatts (MW), a storage capacity of 1,500 megawatt-hours and a life span of up to 80 years. Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), ...
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7 June
UAE condemns blasphemous remarks against Prophet in India
Abu Dhabi / WAM The United Arab Emirates has condemned statements by the spokesperson for the Indian Bharatiya Janata Party, expressing its denunciation and rejection of insults of the Prophet Muhammad, peace and blessings be upon Him. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed the UAE’s firm rejection of all practices and behaviors ...
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7 June
Adafsa hosts training workshop on food security for 27 countries
Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) hosted the “Regional training workshop on strategic planning and policy development in food security” in Abu Dhabi in collaboration with the Islamic Organisation for Food Security (IOFS). The training workshop was attended by representatives of 27 countries, including the UAE, Bahrain, Jordan, Kuwait, Lebanon, Oman, Palestine, ...
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7 June
UAE, Cuba ink deal to enhance cooperation in higher education
ABU DHABI / WAM The Ministry of Education signed a memorandum of understanding (MoU) with the Ministry of Higher Education of Cuba, aimed at enhancing their cooperation in higher education and scientific research. The MoU was signed by Dr Mohammed bin Ibrahim Al Mualla, Under-Secretary of the Ministry of Education for Academic Affairs, and Walter Baluja Garcia, First Deputy ...
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