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

ABU DHABI / WAM The proposed Comprehensive Economic Partnership Agreement (Cepa) between Costa Rica and the UAE will bring economic and social benefits to both peoples, a top Costa Rican official told the Emirates News Agency (WAM). “This will in turn bring both countries closer to our development goals,” said Manuel Tovar Rivera, Minister of Foreign Trade of Costa Rica, ...

ABU DHABI / WAM As the world’s investors continue to negotiate with and navigate an increasingly complex international investment landscape and deploy capital to create a sustainable future, Mubadala Investment Company (Mubadala) is launching its Megatrends Study with Bloomberg Media, showing how climate change is a growing threat to the world and digital technologies serve as the greatest opportunity for ...

BLOOMBERG Iberdrola SA’s ScottishPower unit signed a £1.5 billion ($1.9 billion) deal with Siemens Gamesa to supply wind turbines for an offshore project in a boost for the UK’s stalling renewable-power sector. The deal comes as the UK wind-power industry grapples with cost inflation, rising interest rates and more generous government backing in the US. Developers have warned that cost ...

BLOOMBERG India will hold elections in the populous southern state of Karnataka in May, the results of which will indicate whether the opposition has cut into the popularity of Prime Minister Narendra Modi’s ruling party ahead of general elections next year. Winning Karnataka — the state is home to Bengaluru, India’s IT hub — would energise Rahul Gandhi’s opposition Congress ...

BLOOMBERG Myanmar’s military government dissolved the National League for Democracy (NLD), the pro-democracy party of Aung San Suu Kyi, after it failed to register as a political entity for upcoming elections. The Union Election Commission said 63 political parties, including 50 existing parties, have applied for registration to compete in the general elections the military is planning. The NLD was ...

BLOOMBERG Japan’s foreign minister is planning to visit China this weekend in the first such trip in about three years, Kyodo News and other local media reported, as Asia’s two largest economies seek to maintain stable ties amid rising tensions. Yoshimasa Hayashi is set to meet his Chinese counterpart Qin Gang during a two-day visit, Kyodo reported, citing government sources ...

BLOOMBERG White House National Security Advisor Jake Sullivan spoke with China’s top diplomat Wang Yi, people familiar with the matter said, as the two sides look to ease tensions that have continued to build in recent months. Sullivan’s previously unreported call took ahead of Taiwan’s President Tsai Ing-wen scheduled visit to the US en route to Central America, a trip ...

BLOOMBERG Stocks rose with US index futures as a rally in Chinese tech shares boosted sentiment and concern about contagion from banking turmoil continued to wane. Contracts on the three main US gauges climbed, with the Nasdaq 100 poised to extend its best quarter since 2020. Alphabet Inc and Tesla rose in premarket trading, while tech shares were among the ...

BLOOMBERG Adani Group shares rose on Wednesday after the conglomerate rebutted reports about its ability to repay debt. The group’s flagship Adani Enterprises Ltd rallied 8.7% while Adani Ports & Special Economic Zone Ltd added 7.3% as both firms posted their biggest rally since GQG Partners’ stake in the companies earlier this month. Other group companies also gained, paring earlier ...

BLOOMBERG Ukraine wants Russia’s nuclear energy sector and liquefied natural gas (LNG) to be part of future sanctions packages, Ukraine’s energy minister told Bloomberg Television. Ukrainian forces downed 14 out of 15 Shahed-type drones launched by Russian troops overnight, Ukraine’s General Staff said on Facebook. Twelve of the unmanned aircraft were shot down over Kyiv, the city’s military administration said. ...