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

  Bloomberg Italian companies see the economic situation in the country deteriorating, according to a central bank report. Spiraling inflation and uncertainty linked to Russia’s invasion of Ukraine means firms are now the most pessimistic bout their own businesses since the first quarter of 2020, according to the Bank of Italy report based on information gathered between August 15 and ...

Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) slashed its 2022 capital spending target by roughly 10%, a dramatic sign of trouble for the technology industry from the world’s most valuable chip company. TSMC said it expects to spend about $36 billion in 2022 on capital equipment, down from at least $40 billion previously. The sharp reduction in expenditure — an important ...

  Bloomberg US equity index futures rise on Thursday, ahead of key US inflation data that could determine how much further the Federal Reserve’s policy-tightening cycle will run. Futures contracts on the S&P 500 were up 0.5% as of 5:55 am in New York, while those on the Nasdaq 100 gained 0.3%. The benchmark index had tumbled to its lowest ...

Dubai / Gulf Time Anxinsec is participating in the Gitex Global 2022, the Middle East’s most influential exhibition, which runs until October 14. As a leading brand of memory security, Anxinsec presents its competitive product, memory detection and protection system (MDPS), and several scenario-based security solutions at the exhibition. “Gitex Global remains the world’s largest tech show with the most ...

  Manama / WAM The Kingdom of Bahrain has valued the significant efforts made by the President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to reach a peaceful solution of the Ukraine crisis through dialogue and diplomacy. Bahrain said that the talks held by His Highness Sheikh Mohamed in Moscow with the Russian President Vladimir Putin is part of ...

  Abu Dhabi / WAM Abu Dhabi-headquartered Burjeel Holdings PLC, which listed 11 percent of its share capital on the main market of the Abu Dhabi Securities Exchange (ADX), is planning to use the net proceeds from new shares mainly for further expansion in the UAE, Oman and Saudi Arabia, the company’s top executive told the Emirates News Agency (WAM). ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Felipe VI of Spain, on the occasion of his country’s National Day, which is marked on October 12. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also ...

Abu Dhabi / WAM The Emirati Talent Competitiveness Council (Nafis) signed an MoU with Emirates Integrated Telecommunications company (du), which involves du’s participation within the Nafis programme, a federal initiative that aims to increase the contributions of Emirati citizens within the private sector and raise their efficiency and qualifications. The collaboration between du and Nafis aims to enhance cooperation between ...

Abu Dhabi / WAM As part of its efforts to deliver against the Abu Dhabi Industrial Strategy, the Abu Dhabi Department of Economic Development (Added) has announced expansion of energy incentives programme to further enhance economic impact, boost productivity, and improve energy efficiency of manufacturers in the emirate. The Energy Tariff Incentive Programme 2.0 (ETIP 2.0) aims to support the ...

Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) has signed an agreement with Jebel Ali Free Zone (Jafza) to provide medical and property insurance at exclusive rates for the free zone community’s employees and customers. The agreement was signed between Ahmad Idris, Chief Executive Officer of Abu Dhabi National Insurance Company (Adnic), and Ahmad Al Haddad, Chief Operating ...