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

  Abu Dhabi / WAM Edge group PJSC (Edge or the ‘group’), one of the world’s top 25 advanced technology groups for defence and beyond, is proud to be participating in the Special Operations Forces Exhibition (Sofex), being held at Aqaba Gate Aviation, King Hussein International Airport in Aqaba, Jordan, from November 1-3. Edge will use its presence at the ...

  Dubai / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (17) of 2022 on Dubai’s Endowments and Minors’ Trust Foundation. His Highness also issued Law No. (18) of 2022 affiliating the Mohammed Bin Rashid Global Centre for Awqaf and ...

  Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha), the UAE’s largest healthcare network, has signed a memorandum of understanding (MoU) with Abu Dhabi University (ADU) to bolster medical education and mutual knowledge transfer between the two entities. The partnership will aim to promote ties between both parties through student placements, training programmes, sharing of facilities and resources, ...

  Sharjah / Gulf Time Adding yet another milestone to their track record of global achievements, the Sharjah Airport International Free Zone Authority (Saif Zone) and Hamriyah Free Zone Authority (HFZA) received the prestigious “Superbrands Award 2022” for the second year in a row. The new achievement is yet another testament to the success of the two free zones in ...

  Dubai / Gulf Time As part of its ongoing campaign to raise awareness about breast cancer and highlight the importance of regular screenings, Gargash Hospital, organised a fashion walk – Warriors’ Way Forward – to demonstrate to the community that it is possible to a have a normal life after cancer if detected at an early stage and treated ...

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib), a leading Islamic financial institution, announced on Thursday that it has been named the safest bank for 2022 by New York based trade publication Global Finance Magazine, marking the first time the bank has achieved this accolade. Adib was recognised at the awards ceremony held in conjunction with the 2022 ...

Reality has undone Trussonomics in a few short weeks. Incoming Chancellor of the Exchequer Jeremy Hunt has wasted no time putting his predecessor Kwasi Kwarteng’s tax cuts to the sword. While it’s never a good look for your economic policies to be dictated by swings in the financial markets, a full 180-degree switch was required to draw a line under ...

  Adjustable-rate mortgages, or ARMs, have a bad reputation with homebuyers who have long viewed them as a dangerous financial trap. But with rates on fixed-rate mortgages more than doubling in the past year, some borrowers are taking a second look. The idea of paying less now in exchange for the risk of paying more later seems reasonable if you ...

  The UK takeover regime isn’t kind to private equity buyers. It got even tougher after Kraft Foods Inc.’s bitter acquisition of rival confectioner Cadbury in 2010. But are its rules too restrictive? If the leveraged finance market bounces back, UK stocks should be a prime hunting ground for the private equity industry. Yet local M&A rules are often seen ...

  Russia’s efforts to use natural-gas exports as a geopolitical weapon present Europe with a challenge: When faced with such a clear and present threat, can it muster the solidarity required of a true union? Policymakers might be coalescing around what they see as an adequate plan. They should be more ambitious: Europe needs a permanent solution to its chronic ...