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

Bloomberg The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely followed. The man known as India’s Warren Buffett died of a reported cardiac arrest at the age of 62. The self-made trader invested in a wide swathe of established businesses and startups, ...

  Dubai / WAM Dar Al Ber Society spent more than AED206, 541,000 during the first half of 2022, benefitting 2.9 million people worldwide through charitable and sustainable development projects. The number of projects reached 22,517 inside the UAE and in several regions around the world. Dr Muhammad Suhail Al Muhairi, CEO and Managing Director of Dar Al Ber Society, ...

  Abu Dhabi / WAM Alan Smith, CEO of the Agthia group, said that the total value of the acquisitions carried out by the group last year exceeded AED2.3 billion, adding that the group is working on a new acquisition in Egypt, in addition to expanding in Saudi Arabia. In an interview with the Emirates News Agency (WAM), Smith said ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to Indian President Droupadi Murmu on the occasion of her country’s Independence Day, which is celebrated on August 15. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, also sent ...

Bloomberg Oil falls as softer economic data from China eased the pressure on crude markets. West Texas Intermediate plunged as much as 5.7% to fall below $87 a barrel, the lowest in more than six months. Oil started the week on the back foot after China announced a surprise cut in key interest rates on the back of weak economic ...

  Dubai / WAM Dubai Financial Market (DFM) on Monday announced that it has obtained the approval of the Securities and Commodities Authority (SCA) to allow the Dubai Gold and Commodities Exchange (DGCX) licensed brokerage firms to become DFM derivatives members and to provide their services in the market for the first time. Currently, there are approximately 21 DGCX brokers ...

  Dubai / WAM The Museum of the Future signed a strategic partnership agreement with Dubai Electricity and Water Authority (Dewa) to showcase unique technologies and solutions related to the future of environmental sustainability and renewable energy. The agreement aims to pave the way for constructive research that helps solve today’s ecological challenges. This agreement is working towards enhancing Dubai’s ...

  DUBAI / WAM Emirates is activating a new codeshare partnership on Monday with Aegean, allowing its customers to benefit from increased connectivity to eight domestic Greek points via Athens, using a single ticket. Emirates will place its code on Aegean operated flights, providing customers with a convenient and seamless booking experience as well as one consistent baggage policy, to ...

  Dubai / WAM The Museum of the Future signed a strategic partnership agreement with Dubai Electricity and Water Authority (Dewa) to showcase unique technologies and solutions related to the future of environmental sustainability and renewable energy. The agreement aims to pave the way for constructive research that helps solve today’s ecological challenges. This agreement is working towards enhancing Dubai’s ...

  ABU DHABI / WAM Zayed University (ZU) has launched “The UAE Inclusive Youth Network”, which successfully educated and trained 41 students over the summer of 2022 to become peer educators and facilitators in topics related to People of Determination inclusivity, accessibility, and technology. The Youth Network, was initiated by the Department of Student Accessibility Services at Zayed University and ...