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

BLOOMBERG Local retail investments may help double the assets in India’s monthly stock plans in five years, and cushion the market from any selloffs by foreign investors, according to Edelweiss Asset Management Ltd. Assets invested monthly in the so-called systematic investment plans — a vehicle widely used by retail investors — could grow to about $4 billion by 2028 as ...

BLOOMBERG European shares rose on Friday along with global stocks as investors took comfort in underlying economic strength and started March on a high note. Bonds halted declines. A gauge of European stocks climbed 0.6% and headed for a weekly gain. S&P 500 futures ticked higher after the underlying gauge clawed back a weekly loss. Asian equities rose about 1%, ...

DUBAI / GULF TIME Dr Alaa Aref, a consultant dermatologist and cosmetologist, explained that there are five types of skin wrinkles that can be treated with non-surgical cosmetic methods, which are kinetic wrinkles resulting from facial movement such as frowning or otherwise, permanent wrinkles, sleep wrinkles, time wrinkles, sun exposure wrinkles, and smoking wrinkles. This came during a press conference ...

ABU DHABI / WAM The Future100, the joint initiative between the Ministry of Economy and the Government Development and the Future Office, has attracted new strategic partnerships to support the top 100 emerging companies that contribute to enhancing the competitiveness of the future of the economic sectors, which include CSR UAE, Microsoft, Careem and FTI Consulting. Abdullah bin Touq Al ...

ABU DHABI / WAM The UAE began one of its major space missions in 2023, with the Emirati astronaut Sultan Al Neyadi travelling to the International Space Station (ISS) as part of the six-month mission, titled, “Zayed Ambition 2.” The mission is one of a series of ambitious Emirati missions, which include the launch of MBZ-Sat and the arrival of ...

ABU DHABI / WAM The United Arab Emirates — thanks to its wise leadership’s visions — has achieved continuous accomplishments in the space economy sector, which enhances its global competitiveness and contributes to diversifying its economy based on knowledge and innovation. The UAE has placed the space industry among its top priorities for the next fifty years. The country spent ...

ABU DHABI / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, on Thursday received Ibrahim bin Hassan Al Hawaj, Bahrain’s Minister of Works, at the headquarters of the Ministry of Energy and Infrastructure (MoEI) in Dubai. They discussed ways to boost UAE-Bahrain synergies in the infrastructure and transport sectors. Al Mazrouei said, “The UAE and Bahrain enjoy ...

DUBAI / WAM Emirates will upgrade two of its services to Bahrain on March 06 to the A380 to serve high demand from those visiting and attending the Bahrain Formula 1 Grand Prix 2023. Flights EK 835/836 and EK 837/838, all previously operated by the Boeing 777-300ER, have been upgraded to the flagship and customer favourite, the Emirates A380, and ...

BLOOMBERG Britain’s advertising regulator has banned Lufthansa from using an ad that appears to suggest the German airline is protecting the planet and urged it not to mislead consumers about the impact of air travel on the climate. The ad in question, part of a campaign run by Deutsche Lufthansa AG last summer, features the front of a plane in ...

BLOOMBERG London’s Southend Airport is seeking a new owner after struggling to establish itself as a hub serving the UK capital. Current owner Esken Ltd said it has started a breakup of its main businesses following a strategic review, including a sale of its aviation business. It has also begun a sales process for the biofuels unit, its other main ...