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

BLOOMBERG US equity-index futures were steady on Friday and Treasuries gained, capping a tumultuous week for global markets amid lingering concern that the financial turmoil which has roiled bonds and stocks is not over. Contracts on the S&P 500 fluctuated after the index rallied 1.8% as larger banks threw a lifeline to First Republic Bank, the latest US lender to …

BLOOMBERG Power traders in China’s Shandong province can now ask to be paid for taking electricity as the province’s growing rooftop solar capacity threatens to overwhelm the grid. The province officially set the lowest price on its spot market below zero, according to a draft rule released by Shandong Development and Reform Commission. Negative prices that encourage generators to switch …

BLOOMBERG Coal India Ltd., which accounts for about four-fifths of the nation’s output of the fuel, is aiming to boost supplies to power plants this summer as unusually hot weather drives electricity demand. The state-run miner is increasing coal output and building stockpiles at its mines this month to meet supply commitments, the company said. Electricity consumption is set to …

BLOOMBERG Off the coast of New England, winds whip over the frigid Atlantic Ocean creating perfect conditions for giant offshore turbines. While plans are in place to tap that natural power to generate electricity, progress — here and around the world — is being held up by soaring inflation. As investment foundations crumble due to rising interest rates and higher …

DUBAI / GULF TIME Curious minds and aspiring creators are in for a treat this Spring break with the launch of OliOli’s New Atelier – a maker space designed for tinkering, where kids can explore the concepts of electricity, light, motion and balance to build meaningful artefacts that engage both their hands and minds! Future engineers, scientists, architects and artists …

DUBAI / GULF TIME Spring is in the air- it’s the time to relax, refresh and recharge after the long winter! As the seasons change, so does our events. Come March, it’s a host of events buzzing in…Women’s Day, Mother’s Day, Easter and it’s time for school holidays…and Ramadan! So, whether you are looking for fun weekend activities for yourself …

ABU DHABI / GULF TIME The British Veterinary Centre recently performed crucial surgery on a Pomeranian puppy who was diagnosed with Patent Ductus Arteriosus (PDA). PDA is a condition in which a small opening persists between the two main blood vessels leaving the heart, namely the aorta and the pulmonary artery. The surgery was performed to save the puppy’s life, …

DUBAI / GULF TIME With an impressive retail network of over 305 outlets across 10 countries, Malabar Gold & Diamonds, currently ranked as the 6th largest jewellery retailer in the world, is all set to celebrate Arab Mother’s Day, which falls on the March 21. To commemorate the occasion, the brand has unveiled a special collection of jewellery in 18K …

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed the provision of $3 million to support the reconstruction of the Palestinian town of Huwara and assist those affected by recent events. The initiative will be implemented by the Abu Dhabi Department of Municipalities and Transport (DMT), in cooperation with the Emirati-Palestinian Friendship Club, as …

DUBAI / WAM Al Ansari Financial Services on Thursday announced the offer price range per share and the start of the subscription period for its Initial Public Offering (IPO) on the Dubai Financial Market (DFM). The price range for the global offering has been set at between AED1.00 and AED1.03 per share, implying a market capitalisation at a listing of …