The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg The split screen views of US-listed Chinese stocks falling as the S&P 500 marches higher suggest that China’s pains are localised. That may be true, but one group of investors is not taking its chances. Hedge funds that make both bullish and bearish wagers on stocks are slashing their exposure to American companies that lean heavily on China for ...
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September, 2021
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5 September
SPACs might help Singapore break its driest IPO spell in years
Bloomberg Blank-check companies could revive Singapore’s languishing market for initial public offerings as stock exchanges from Mumbai to Seoul profit from blockbuster deals. Singapore Exchange Ltd. this week presented rules for the listing of special purpose acquisition companies, or SPACs, as it attempts to get a slice of what has become a worldwide frenzy. It is allowing SPACs to list ...
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5 September
IGCF to review world leaders’ response to Covid-19 crisis
Sharjah / WAM In the lead up to the 10th edition of the International Government Communication Forum (IGCF), scheduled for September 26 – 27, under the theme “Historic lessons, Future ambitions”, the forum has announced that it will review the critical messages delivered by leaders and governments in the wake of the coronavirus (Covid-19) pandemic. The discussion will aim to ...
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5 September
Oil posts weekly gain with US storm impact lingering
Bloomberg Oil in New York posted its second weekly gain as the impact of Hurricane Ida continues to snarl US oil production, though prices edged lower following a weak US jobs report. West Texas Intermediate futures capped a gain 0.8% for the week despite shedding 1%. The deceleration in hiring reflects growing fears of the delta variant of Covid-19 and ...
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5 September
Gargash, UK minister review bilateral ties
DUBAI / WAM Dr Anwar bin Mohammed Gargash, the Diplomatic Advisor to President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and British Minister of State for South Asia and Commonwealth, Lord Tariq Mahmood Ahmad, have reviewed the prospects of cementing the UAE-UK ties across various fronts. This came as Dr Gargash on Saturday received Lord Tariq who expressed appreciation ...
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5 September
Expo 2020: India to showcase its ‘march to become $5tn economy’
DUBAI / Emirates Business The India Pavilion in Expo 2020 Dubai starting October 1 is set to showcase a resurgent India’s march to becoming a $5 trillion economy in the post-Covid world. The pavilion which is a technology marvel will not only capture the vibrant Indian culture and its past but also the capabilities and opportunities that it presents as ...
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5 September
Etisalat named best regional SMS service provider
DUBAI / Emirates Business Etisalat on Saturday announced that it has been awarded the Best Regional SMS Service Provider at the fifth annual Carrier Community (CC) Global Awards ceremony in Berlin. The CC Global Awards, which are independently judged by a panel of telecom analysts and experts, recognise innovations and achievements among telecom wholesale operators and ecosystem partners around the ...
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5 September
Dewa inaugurates world’s first green mosque in Dubai
Dubai / WAM Dubai Electricity and Water Authority (Dewa) inaugurated the world’s first mosque to receive the platinum rating for green buildings by the Leadership for Energy and Environmental Design (LEED v4) from the US Green Buildings Council (USGBC) with 83 points. The mosque in Hatta can accommodate more than 600 worshippers on an area of 1,050 square metres according ...
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5 September
Etisalat named best regional SMS service provider
Abu Dhabi / Emirates Business Etisalat on Saturday announced that it has been awarded the Best Regional SMS Service Provider at the fifth annual Carrier Community (CC) Global Awards ceremony in Berlin. The CC Global Awards, which are independently judged by a panel of telecom analysts and experts, recognise innovations and achievements among telecom wholesale operators and ecosystem partners around ...
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5 September
UAE reports 711,134 total recoveries from Covid-19
Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 335,439 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...
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