The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

BLOOMBERG Nuclear powers within the Group of Seven (G-7) nations pledged to end Russia’s dominance over global atomic-fuel markets, potentially cutting off a critical source of geopolitical currency for Russian President Vladimir Putin more than a year after his invasion of Ukraine. Canada, France, Japan, the UK and US committed to jointly dislodge Russia from global nuclear supply chains. Even ...

BLOOMBERG The euro area’s blue-chip index is finally set for its highest close since the global financial crisis. The Euro Stoxx 50 gained as much as 0.3% on Monday, putting it on track to close at its highest level since December 2007, before trading little changed in London. TotalEnergies SE, Airbus SE and Prosus NV outperformed. The gauge got a ...

BLOOMBERG The rally in the S&P 500 has been driven by only a handful of stocks, putting the index at risk of fresh lows if bond yields rise, according to Morgan Stanley’s Michael Wilson — one of the most bearish voices on Wall Street. The percentage of stocks outperforming the S&P 500 on a three-month rolling basis is the lowest ...

ABU DHABI / GULF TIME Harmony Medical Group, which specialises in dentistry, and pioneers in the health scene in the UAE capital, Abu Dhabi, held a special iftar party at the Four Seasons Hotel, Al Maryah Island, Abu Dhabi. The event was attended by Their Excellences: Sheikh Ahmed bin Hamdan bin Mohammed Al Nahyan, and Sheikh Nasser bin Mohammed Al ...

DUBAI / GULF TIME Get ready to be blown away by the ultimate Eid celebration at IMG Worlds of Adventure! Brace yourself for an unforgettable adventure at the bright, feisty 1.5 million square feet of the temperature-controlled indoor theme park with 6 epic zones. It is all set to take you on a thrilling journey filled with excitement and wonder. ...

DUBAI / GULF TIME Celebrations are starting early at OliOli(R) with the return of the iconic Museum of the Moon, to mark the last days of Ramadan and the joyous Eid al Fitr. The 5-meter replica of the moon, created by world-renowned artist Luke Jerram, will take over OliOli(R)’s Creative Lab, where families are invited to bask in the glory ...

BLOOMBERG Beleaguered US regional banks are assessing whether bond sales to replace lost deposits are worth the cost, as credit investors weigh whether they’re worth the risk. The arrival of quarterly bank earnings reports has spurred speculation on which financial institutions will brave an unpredictable bond market. Average corporate note yields jumped above 6% in the past 12 months and ...

BLOOMBERG The Swiss National Bank (SNB) may need to raise borrowing costs more, according to President Thomas Jordan. “We can’t exclude that we might have to tighten monetary policy again,” Jordan told reporters in Washington, where he’s attending meetings of the International Monetary Fund (IMF) and World Bank. The SNB has increased interest rates by 225 basis points in the ...

BLOOMBERG A quarter-point increase in interest rates is the most the European Central Bank (ECB) has to deliver at its next meeting, Governing Council member Mario Centeno said, playing down concerns over the strength of underlying inflation. Either a pause, or a slowdown in the pace of hikes is possible as headline price gains in the euro zone retreat and ...

ABU DHABI / WAM Former Sudanese Prime Minister Abdallah Hamdok warned in Abu Dhabi on Sunday that Sudan is at a ‘“catastrophic” moment as a result of the ongoing war and called the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) to immediately cease hostilities and announce a truce that allows safe corridors for citizens to move and ...