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

  Bloomberg European stocks advanced and Wall Street futures were steady as traders braced for a report that may show US inflation is cooling, reducing pressure for aggressive rate hikes from the Federal Reserve. The benchmark European stocks gauge advanced 0.5%, boosted by a second day of gains for real estate stocks amid hopes of an easier outlook for rates. ...

  Bloomberg South Korea plans to significantly extend onshore trading hours for the won next year in an effort to improve access for foreign investors. The government will work to allow dollar-won spot trading until 2 am as early as the second half of 2024, versus the current close of 3:30 pm, Finance Minister Choo Kyung-ho said during a press ...

  Bloomberg Britain’s blue-chip stock index is trading near an all-time high in an optimistic start to 2023, adding to gains for a gauge that managed to avoid last year’s global selloff. The FTSE 100 Index closed up 0.4%, taking its year-to-date rise to 3.7% and closing at the highest level since August 2018. The index is less than 2% ...

DUBAI / WAM Emirates NBD has announced the successful pricing of its inaugural AED1 billion dirham-denominated bond, the first such issue by a UAE bank. The group’s bond sale will support the further development of a medium-term bond yield curve and facilitate access to financing for UAE corporations. The three-year bond saw strong demand, with the order book peaking at ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to Sultan Haitham bin Tariq Al Said of Oman, on the anniversary of his accession to power. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, dispatched a similar message ...

  DUBAI / WAM The number of golden visas issued in all categories increased to 79,617 in 2022, up from 47,150 in 2021, the General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA) said. The year ended on a high-note, completing millions of transactions and providing customers with high-quality smart services. The GDRFA also received a number of local ...

  Abu Dhabi / WAM As part of its ongoing efforts to strengthen means of commercial and economic cooperation with various countries of the world, the UAE, represented by the Ministry of Finance, held the first Financial Dialogue with the Ministry of Finance of Israel. The dialogue session was held virtually and sought to boost cooperation ties and encourage innovation ...

  Abu Dhabi / Gulf Time Abu Dhabi Airports announced the appointment of Maureen Bannerman as the company’s new Chief Commercial Officer (CCO) effective from January 2. A highly accomplished leader and seasoned professional with over 20 years’ experience primarily within the aviation industry, Bannerman has joined Abu Dhabi Airports following a successful tenure as Chief Executive Officer and Managing ...

ABU DHABI / WAM In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has bestowed the ceremonial Mohammed bin Rashid’s Scarf upon HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the ...

Dubai / WAM DP World’s container terminal at Southampton enjoyed its greenest-ever year in 2022 after delivering a 55% reduction in net carbon emissions from its fleet and installations. DP World, the leading provider of worldwide smart end-to-end supply chain logistics, runs the UK’s most advanced logistics hubs: two deep water ports at Southampton and London Gateway with access to ...