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

  Bloomberg After years of eschewing the world’s safest assets, the managers of Australia’s $2.4 trillion of retirements savings are buying sovereign bonds. The trigger: fear that the global economy is sliding into recession. It’s a watershed moment for the country’s pension chiefs, whose love affair with riskier assets saw them binge on stocks while skirting this year’s historic bond ...

  Bloomberg US equity-index futures pared losses in a volatile session after the Federal Reserve signalled a delicate balancing act that would see inflation-busting rate hikes continue despite a weakening economy. September contracts on the S&P 500 and Nasdaq 100 slid about 0.1% after the underlying benchmarks posted losses. The two-year Treasury yield, the most sensitive to monetary tightening, fluctuated ...

  Abu Dhabi / WAM The UAE has exceeded international rates in 11 indexes on the best expatriate destinations based on various factors, which include language, bureaucracy, professional prospects, leisure options, travel, transport, job satisfaction, safety, healthcare, digital life, housing, wages and job safety, InterNations said. The German research firm in its report titled “Expat Insider 2022” said that the ...

  Abu Dhabi / WAM Apollo, through its managed investment vehicles, has acquired an 11.1 percent minority stake in Aldar Investment Properties (AIP), a subsidiary of Abu Dhabi-listed Aldar Properties PJSC (Aldar) and the region’s largest institutional-class real estate platform, following completion of a AED1.469 billion ($400 million) transaction. The acquisition is part of the previously announced $1.4 billion investment ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Joko Widodo of Indonesia on the occasion of his country’s Independence Day, which is marked on August 17. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has ...

Abu Dhabi / WAM Michael Bolliger, Chief Investment Officer Emerging Markets at UBS Global Wealth Management, has stated that he expects the UAE’s economy to grow by over five percent in 2022. In an interview with the Emirates News Agency (WAM), Bollinger said that the UAE’s economy grew by 3.8 percent in 2021, due to appropriate government incentives and plans ...

  Abu Dhabi / WAM Abu Dhabi Waste Management Centre (Tadweer) signed a consultancy agreement with KEO International Consultants to conduct a feasibility study for developing a project on extracting greenhouse gases from Al Dhafra landfill and converting them into environmentally-friendly energy. This aligns with the centre’s plan to achieve an efficient waste management system and use the best methods ...

Dubai / WAM The number of UAE-based private sector employees increased by nine percent in Q2, 2022, compared to the same period last year, the Ministry of Human Resources and Emiratisation (MoHRE) said on Wednesday in its private sector workforce report. The number of private sector employees registered in MoHRE’s database by the end of Q2 totalled 5,376,842, it added. ...

  Abu Dhabi / WAM The Emirates Water and Electricity Company (EWEC) on Wednesday announced that entered a clean energy agreement with Mediclinic Middle East. The agreement will see Ewec’s clean energy sources powering 100 percent of the electricity consumption of Mediclinic’s Abu Dhabi hospitals and medical centres for a full operating year, supporting the hospital group’s efforts to adopt ...

  Abu Dhabi / WAM Abu Dhabi Waste Management Centre (Tadweer) signed a consultancy agreement with KEO International Consultants to conduct a feasibility study for developing a project on extracting greenhouse gases from Al Dhafra landfill and converting them into environmentally-friendly energy. This aligns with the centre’s plan to achieve an efficient waste management system and use the best methods ...