The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
BLOOMBERG Pakistan opposition leader Imran Khan appears at an anti-graft tribunal after his dramatic arrest sparked violent clashes and prompted his supporters to protest outside the military’s headquarters. Khan was arrested by paramilitary troops on the orders of the National Accountability Bureau (NAB), an autonomous anti-graft agency, in relation to a case involving a land deal. He was moved to ...
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May, 2023
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10 May
Italy intends to exit China Belt and Road pact
BLOOMBERG Italy has signalled to the US that it intends to pull out of a controversial investment pact with China before the end of the year. Italian Prime Minister Giorgia Meloni reassured US House Speaker Kevin McCarthy during a meeting in Rome that while a final decision hasn’t been taken, her government is favouring an exit from its role in ...
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10 May
Ukraine reports local breakthrough in Bakhmut
BLOOMBERG Ukraine said troops pushed back Russian forces near Bakhmut in the eastern Donetsk region, though the Russian Defense Ministry said its units were advancing in the west and northwest of the devastated town. Ukraine advanced 2.6 kilometres into Russian-held areas near Bakhmut along a 3 kilometre stretch of front line, according to Andriy Biletskyi, a commander of the brigade ...
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10 May
Warren Buffett’s Japan trading house stock picks hit record highs
BLOOMBERG Shares of the Japanese trading companies that Warren Buffett has invested in reached record levels this week after announcing earnings and buybacks. Mitsubishi Corp, the largest, surged as much as 6% to an all-time high after announcing plans to repurchase $2.2 billion worth of shares along with a better-than-expected profit target for the fiscal year through March 2024. Peers ...
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10 May
Stocks decline as caution prevails before US CPI data
BLOOMBERG Stocks edged lower as cautious investors assessed the latest crop of earnings and awaited a US inflation report for insights on the path of Federal Reserve rate hikes. Contracts for the S&P 500 and the Nasdaq 100 retreated, with Airbnb Inc sliding 13% in premarket trading after the vacation home-rental company gave a cautious forecast for revenue in the ...
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10 May
Hale Ivy Insider: Back with A Bang
ABU DHABIÂ / GULF TIME Hale is proud to announce its Seventh Annual Ivy Insider: A Conversation with Students and US University Experts at the iconic Hilton Palm Jumeirah. We have an incredible line-up of inspirational talks from panelists consisting of graduating seniors ready to share valuable insight into their challenges and successes throughout their admissions journey. Current and prospective ...
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10 May
Q2 Market Outlook: FOREX.com analysts remain cautiously optimistic
DUBAI / GULF TIME There’s no doubt that 2023 has been lively so far. Equity and commodity traders were quick to rejoice on news of China’s reopening in early January, whilst Yen traders were treated to an out-of-meeting policy adjustment which gave currency markets a jolt. And whilst geopolitical tensions have somewhat receded, they have now been replaced with fears ...
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10 May
UAE: 102.4 Mirchi introduces major technological breakthrough in radio
ABU DHABI / GULF TIME UAE adds yet another feather to its cap as 102.4 Mirchi launches a one of its kind innovations in commercial radio, a first in the world. On 27th April, 102.4 Mirchi, in the UAE is all set to change the way we listen to radio. Taking a step ahead and moving with time, 102.4 Mirchi ...
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10 May
Q Properties launches second phase of Reem Hills luxury apartments project
ABU DHABI / GULF TIME Q Properties – a leading UAE real estate developer and subsidiary of Q Holding – has announced the launch of phase 2 of its new luxury apartments in Reem Hills after buyers snap up all phase 1 units in record time. These apartments come with a 2 years’ service charge waiver, thus offering an attractive ...
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9 May
Passenger traffic at DXB reaches 95.6% of 2019 levels in Q1
DUBAI / WAM Traffic at Dubai International (DXB) has reached 95.6% of 2019 levels with passenger numbers exceeding 21.2 million in the first quarter of the year. This follows DXB’s strong showing in 2022, during which the airport clocked 66 million passengers to retain its position as the world’s busiest international hub for the ninth year running. DXB’s passenger traffic ...
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