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

  Bloomberg Binance Holdings Ltd’s billionaire Chief Executive Officer Changpeng Zhao is tightening his grip on India’s market for cryptocurrency trading in the fallout from a major tax change. Downloads of Binance’s app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX, data from market intelligence firm Sensor Tower show. Only ...

Bloomberg A semblance of calm returned to markets after the carnage sparked by hotter-than-expected American inflation that prompted investors to reassess the outlook for interest rates and economic growth. US equity-index futures rallied about 0.5% after shares had their biggest drop in more than two years, with the S&P 500 falling more than 4% and the Nasdaq 100 sliding more ...

Bloomberg Gold was steady after closing down the most in two months in the wake of higher-than-expected US inflation data. Bullion ended 1.3% lower after the consumer-price index figures were released. It had been on an upward trend this month before the inflation data surprised markets. Economists had expected the CPI to rise 8.1% in August from a year earlier, ...

  Abu Dhabi / WAM The joint security committee between the ministries of the interior of the UAE and Bahrain convened at the headquarters of the Ministry of Interior in Abu Dhabi, to discuss ways of boosting their security cooperation, developing e-connectivity systems and promoting the exchange of information and expertise. The Emirati side was led by Major General Khalifa ...

  DUBAI / WAM Dubai’s exclusive toll gate operator Salik Company has announced the offer price and start of the subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM). The price for the Offering has been set at AED2.0 per share. The total Offering size is expected to be AED3 billion (US$817 million), implying a ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Tuesday discussed with Prime Minister of Japan Fumio Kishida bilateral relations and ways of enhancing them in various domains. During a phone call, the two sides tackled a number of regional and global issues of mutual interest, and exchanged views on ways to support the ...

  ABU DHABI / WAM ADQ, an Abu Dhabi-based investment and holding company, on Tuesday announced that it has entered into an agreement to monetise a stake of 8.6 percent in Abu Dhabi National Energy Company PJSC (Taqa) to Multiply Group PJSC, Abu Dhabi Pension Fund and other prominent investors. Taqa is a diversified utilities and energy group headquartered in ...

  DUBAI / WAM Emirates Health Services (EHS) and Siemens Healthineers signed a Memorandum of Understanding (MoU) of mutual cooperation with a focus on medical excellence, improving productivity and innovation in providing various health care services. The signing of the MoU came in the presence of Dr. Yousif Al Serkal, Director-General of EHS; Ole Per Maloy, CEO, Siemens Healthineers Middle ...

  ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Sharjah FDI Office (Invest in Sharjah) signed a Memorandum of Understanding (MoU) to promote cooperation and capacity building. Both entities agreed to work together to position the UAE as an ideal destination for trade and investment, highlighting the country’s stable and secure environment, investor-friendly ...

  DUBAI / WAM Emirates airlines announced it will increase the frequency of its services to Algiers with the addition of a fifth weekly flight, effective 7th October, 2022. The newest service will complement Emirates’ existing operations between Dubai and Algiers, currently running at four flights a week. The latest addition of services to the airline’s schedule will provide additional ...