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 Mubadala Investment Company, the Abu Dhabi-based sovereign investor managing a global portfolio of assets valued at $284 billion, has acquired a stake in Skyborn Renewables, the world’s largest private offshore wind developer, alongside Global Infrastructure Partners (GIP). The acquisition of a 100% interest in Skyborn Renewables provides GIP and co-investors, including Mubadala, with access to ...

Dubai / WAM Jebel Ali Free Zone (Jafza), in its report published on Wednesday, explained that the Gulf’s electronics and electrical sector has grown sharply in the last few years, driven by rising disposable income, tourism and deep internet penetration rates, making the region one of the most connected globally. Due to its strategic location, Dubai is one of the ...

Abu Dhabi / WAM A Mercer Institute report focused on measuring global pension indicators revealed that the UAE is ranked 25th in its annual study, which included 44 global pension systems, equivalent to 65 percent of the world’s population. The report monitored relevant indicators regarding retirement income systems around the world, and highlighted several proposals that could contribute to providing ...

  Dubai / WAM Enoc group on Wednesday announced the opening of a new marine service station in Al Hamriya Port, Dubai, making it the eighth marine service station in the emirate. Al Hamriya port is a cargo gateway to Dubai. The port is well known for its flexibility, being able to berth different kinds of vessels from traditional dhows ...

  Dubai / WAM flydubai has announced the launch of flights to Osh in Kyrgyzstan starting November 3 with a twice-weekly service, becoming the first UAE carrier to operate direct flights from Dubai. The addition of flights to Osh makes it the second point in Kyrgyzstan including the capital, Bishkek. With the launch of operations to Osh, flydubai expands its ...

  Dubai / Gulf Time marhaba, part of dnata, continues to expand its lounge offering as passengers increasingly look for quality airport hospitality services to boost their travel experience. marhaba has re-opened a newly-refurbished lounge at Dubai International’s (DXB) Terminal 3. Located at Concourse ‘C’, the newest marhaba lounge features contemporary Arabic influences, enhanced buffet area. It offers comfortable seating ...

The midterms are coming, and with them, the pressure is building on President Joe Biden to let everyone know whether he is running in 2024. In a normal presidential election cycle, we would be about to hit the two-year mark in the “invisible primary.” That’s the period before voters get involved, in which candidates seek the support of key party ...

  Shareholders and chiefs of America’s big banks should get some thank you cards over to Jerome Powell. The Federal Reserve’s interest rate increases have delivered a huge boost to revenue for Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. so far this year without – as yet – causing any problems for borrowers. Okay, the residential ...

  Expectations of how much central banks will push interest rates higher to get inflation under control have increased to such an extent that some are starting to talk about overkill. Markets now think that benchmark rates in the US will top out at about 4.7% (from 3.25% now), 3% in the euro zone (from 1.25%), and 5.8% in the ...

  If the Federal Reserve was hoping for some sign that inflation is subsiding, it was cruelly disabused by the latest figures for consumer prices. The headline rate fell back slightly in September, from 8.3% to 8.2%, but the more telling measure of core inflation, which excludes the cost of food and energy, reached the highest rate in 40 years, ...