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

BLOOMBERG The UK and European Union (EU) will sign off on their new Brexit deal for Northern Ireland, despite ongoing opposition to the agreement from some unionists in the region. UK Foreign Secretary James Cleverly and EU Commission Vice-President Maros Sefcovic will meet in London to adopt the so-called Windsor Framework, after which new trading arrangements can be implemented, the Foreign ...

DUBAI / WAM DP World and Delhi Capitals have announced a long-term partnership on Friday, where DP World, a leading provider of end-to-end logistics, has become the Global Logistics Partner of the renowned cricket franchise. The new partnership, unveiled at the Leela Palace Hotel in New Delhi, is a multi-year deal that will prominently feature DP World’s logo on the ...

ABU DHABI / WAM Encompassing three separate houses of worship — a mosque, a church, and a synagogue — the Abrahamic Family House began welcoming visitors from March 1. Located in the Saadiyat Cultural District in Abu Dhabi, the Abrahamic Family House is rooted in the UAE’s values of bringing people and cultures together. The site has already become an ...

DUBAI / GULF TIME Emirates, the world’s largest international airline, will deploy its signature A380 aircraft to Bali starting from June 1, marking a milestone in Indonesia’s aviation history as the first A380 service to the country. The new 2-class Emirates A380 service will replace one of the two daily services to Bali currently operated by a 2-class Boeing 777-300ER ...

BLOOMBERG A slump in the dollar after the Federal Reserve’s latest interest-rate hike will be a breath of fresh air for emerging-market policymakers as it puts a floor under their currencies and eases their efforts to control inflation. The greenback weakened across the board, resuming a downtrend that started in earnest six months ago, and allowing the South Korean won, ...

BLOOMBERG Contracts for European equities fell and Asian shares edged lower on Friday as the malaise hanging over the global banking sector damped risk taking in markets. The yen rallied. Euro Stoxx 50 futures declined around 0.7%, while a gauge of Asian shares slid after earlier swings between gains and losses. Financials were among the worst-performing sectors on MSCI Inc’s ...

DUBAI / GULF TIME Ramadan is a time for togetherness and reflection, and Homes r Us believes every home has a story to tell. In celebration of the Holy Month, the brand has put together a variety of ideas to help customers reflect on their style. In that spirit, the home décor and furniture brand launched its Ramadan 2023 collection. In this year’s ...

BLOOMBERG Xi Jinping’s meetings in Moscow with Vladimir Putin put the Biden administration in an uncomfortable position: on the sidelines as two adversaries discuss a Ukraine peace proposal that the US has deemed unacceptable. US officials have publicly expressed deep skepticism about the Chinese idea, saying its call for a cease-fire would reward Moscow’s invasion by cementing its territorial gains. ...

BLOOMBERG Rahul Gandhi, the senior leader of India’s main opposition Congress party, has been convicted by a local court of defamation and sentenced to two years in jail after allegedly making offensive remarks in 2019 about Prime Minister Narendra Modi’s surname. A court in the western city of Surat found Gandhi guilty, but granted him bail and suspended the sentence ...

BLOOMBERG UK Prime Minister Rishi Sunak emerged unscathed from a day of Parliamentary drama after convincingly winning a key Brexit vote, while former Premier Boris Johnson cut a defensive figure as he denied lying to lawmakers during the so-called Partygate scandal. Sunak won the vote on a crucial element of the new deal he struck last month with the European ...