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

  Bloomberg Banco Santander SA’s earnings beat estimates as a revenue boost stemming from central-bank rate hikes offsets the impact of higher expenses and the cost of covering souring loans. The Spanish retail-banking giant posted net income of €2.29 billion in the fourth quarter of 2022, exceeding the consensus analyst forecast of €2.1 billion, according to a statement. The lender ...

Bloomberg Chinese stocks saw their worst week in more than a month as investors looked for further catalysts to sustain a world-beating rally since the nation’s reopening. The CSI 300 Index, a benchmark of mainland shares, fell 1% on Friday and also for the week, ending this year’s run of weekly gains. The Hang Seng China Enterprises Index, which tracks ...

Bloomberg US equity futures dropped after disappointing earnings from Apple Inc., Amazon.com Inc. and Alphabet Inc. poured cold water on the rally fuelled by investor optimism that rates are getting close to peaking. Positive sentiment from this week’s surge in the Nasdaq 100 and S&P 500 evaporated as investors parsed late results from the tech trio that showed an economic ...

  Abu Dhabi / Gulf Time Leading real estate development company, Bloom Holding, announced on Friday that it has begun the early handover of townhouses to owners at Bloom Garden’s fifth phase Aldhay. Aldhay was completed six months ahead of its scheduled handover date, which was set for the third quarter of 2023, adding 181 spacious two to five-bedroom townhouses ...

  Dubai / WAM Dubai Health Authority (DHA) has signed a memorandum of understanding (MoU) with Dubai Integrated Economic Zones Authority (Diez), to promote cooperation and coordination between the two sides to enhance investment opportunities in Dubai’s healthcare sector, support the formation of healthcare start-ups, and develop innovative technological solutions. This aligns with the Dubai Economic Agenda D33 agenda, which ...

  ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), Chairwoman of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), on Thursday received Tanzila Narbaeva, Chairperson of the Senate of the Republic of Uzbekistan, who is on a working visit to the UAE. During the ...

  Abu Dhabi / WAM Borouge on Thursday announced its financial results for the twelve-month and three-month periods ended December 31, 2022, with strong year-on-year growth in sales volumes driving healthy revenue growth. Highlights for the twelve months to December 31, 2022; Borouge reported a net profit of AED 5.14 billion) ($1.4 billion), in line with market expectations and holding up ...

Abu Dhabi / WAM Aldar Properties and Dubai Holding have announced the signing of a binding joint venture (JV) agreement to develop new living experiences across prime locations in Dubai. The agreement marks Aldar’s entry into Dubai’s high performing real estate market as part of the company’s broader expansion into new markets. The move adds considerable weight to Aldar’s development ...

  Abu Dhabi / WAM Mubadala Health and BioIntelliSense, a continuous health monitoring and clinical intelligence company, hosted a delegation of chief medical officers and leaders of technology and healthcare firms to discuss the future of healthcare, and how tech-enabled care could lead to enhanced healthcare efficiencies and improved patient outcomes. Hasan Jasem Al Nowais, Chief Executive Officer of Mubadala ...

  Abu Dhabi / WAM Etihad Airways has announced that it will increase its services to Frankfurt, Germany, as of May 1. The airline will add an extra four services a week to its current daily frequency, bringing the total number of flights to Frankfurt up to 11 weekly. The additional flights will be operated by one of Etihad’s ultra-modern ...