The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg Sovereign bonds extended declines on Tuesday, with the 10-year Treasury yield approaching 2% as investors grapple with the implications of global monetary-policy tightening. The US 10-year yield climbed above 1.95%, a level last seen in December 2019, with some investors predicting it could rise as high as 3% this year as the Federal Reserve battles the hottest ...
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February, 2022
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8 February
Shares of billionaire Adani’s food venture rise in Mumbai debut
Bloomberg Adani Wilmar Ltd, an Indian food company, surged in its stock trading debut following a $482 million initial public offering (IPO), the country’s largest in two months. Shares of the company, an equal joint venture between the business group controlled by Asia’s richest person Gautam Adani and Singapore’s Wilmar International Ltd., rise as much as 16% to 266.8 ...
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8 February
UAE shares more scientific data from Mars’ Hope Probe
Dubai / WAM The Emirates Mars Mission (EMM), the first interplanetary mission undertaken by an Arab nation, has released the second tranche of observations to a global audience of scientists, researchers, educationalists and enthusiasts. Over 76 GB of raw data has been uploaded to the EMM Science Data Centre and is available at https://sdc.emiratesmarsmission.ae as part of the second ...
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8 February
AD Ports raises AED4b to fund growth plan
Abu Dhabi / WAM AD Ports Group, one of the UAE’s leading integrated ports, logistics and industrial zone operators, on Monday announced the listing of its shares on the main market of the Abu Dhabi Securities Exchange (ADX). Trading is set to begin on Tuesday under the ticker symbol “ADPORTS”. Ahead of the listing, AD Ports Group raised new ...
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8 February
Dubai approves policy to limit single-use bags
Dubai / WAM In line with enhancing environmental sustainability and encouraging individuals to reduce the excessive use of plastics, the Executive Council of Dubai has approved the policy to limit single-use bags by imposing a tariff of 25 fils on single-use bags used for carrying goods, starting from July 1. The tariff will be implemented in all stores across ...
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8 February
ADGMA launches 100 scholarships, with half for women in finance, tech
Abu Dhabi / WAM The Abu Dhabi Global Market Academy (ADGMA) in collaboration with the Centre for Finance, Technology and Entrepreneurship (CFTE) London, announced 100 scholarships for those wishing to acquire advanced skills in finance and technology with half these scholarships for women, supporting SDG goal number 5 of Gender Equality. FinTech or financial technology is nothing short of ...
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8 February
UAE, DR Congo discuss organising gold trade
ABU DHABI / WAM The Executive Office of the Committee for Goods and Materials Subject to Import and Export Control and the Federal Authority for Identity, Citizenship, Customs and Ports Security held virtual discussions with officials from the Democratic Republic of the Congo on the need to enhance cooperation between both countries on organising gold trade according to leading ...
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8 February
CBD, Postpay ink strategic deal
Dubai / WAM Commercial Bank of Dubai (CBD) has approved a debt financing deal with Postpay, a leading omni-channel Buy Now, Pay Later (BPNL) provider in the Middle East. The strategic partnership with CBD will provide support to Postpay on several fronts including Transaction Banking, Debt Funding and E-Commerce solutions allowing Postpay to focus on growth and support to ...
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8 February
Adib’s net profit rises 45% to AED2.33 billion in 2021
Abu Dhabi / Gulf Time Abu Dhabi Islamic Bank (Adib) reported a year-on-year growth in net profit of 45% for the full year 2021 to AED2,330 million from AED1,604 million in 2020, resulting from solid top-line growth, continued optimisation of the cost base and lower impairments. Revenue for 2021 improved 4% to AED5,560 million compared to AED5,358 million last year. ...
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8 February
New technologies enhance visitor experience at Expo 2020 Dubai
Dubai / WAM New technologies are creating a seamless and integrated visitor experience at Expo 2020 Dubai as shown in the latest installment of the En Route to the Expo – Dubai Chamber of Commerce’s video series, which offers insights on various features and aspects of the mega event. In the latest video, Sergio Maccotta, Senior Vice President, SAP ...
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