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

Bloomberg The UK’s accounting watchdog blasted Mazars and BDO for the “unacceptable” quality of their audits after carrying out an annual review of the industry’s seven largest firms. The Financial Reporting Council (FRC) said that four of the eight audits reviewed at Mazars and five of the 12 audits reviewed at BDO required more than limited improvements. The regulator added ...

  Bloomberg A sweeping piece of legislation that would overhaul how the cryptocurrency industry is regulated by Washington is unlikely to be voted on this year by the US Senate, according to one of the lawmakers driving the effort. Wyoming Senator Cynthia Lummis said that the full bill she released last month with Democrat Kirsten Gillibrand would probably not be ...

  Bloomberg Barclays Plc aims for a bigger slice of the business with German companies after adding employees and hiring a new country head. The London-based lender, which gets the majority of its revenue in Germany from retail clients, wants to double its market share in investment and corporate banking to around 6%, Ingrid Hengster, who took over as country ...

  Bloomberg US equity futures fell with stocks amid rising concern that Europe will lose access to Russian gas, sending the region into a recession that could have global repercussions. Contracts on the Nasdaq 100 and the S&P 500 turned lower, reversing earlier gains, along with the Stoxx 600 Index as the European Union (EU) laid out preparations for a ...

  Bloomberg Chinese tech stocks advanced following a report that regulators are wrapping up an investigation into Didi Global Inc with a hefty fine, with traders again hoping this will herald an end to a crackdown on the sector. The Hang Seng Tech Index gained 1.6%, with Meituan and NetEase Inc contributing the most to the rise. The move also ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) and TotalEnergies signed a strategic partnership agreement to deepen their long-standing partnership and explore new opportunities for growth across the energy value chain. The agreement was signed by Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Adnoc Managing Director and group CEO, and Patrick Pouyanné, Chairman ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to King Hamad bin Isa Al Khalifa of Bahrain on the death of Shaikha Mathayel bint Ali bin Isa bin Salman Al Khalifa. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...

  Dubai / WAM Dubai issued 45,653 new business licences in the first half (H1) of 2022, registering a growth of 25% compared to same period last year. The numbers reaffirm the success of the government’s innovative new strategic approaches and policy amendments that have revitalised the economy and stimulated a strong flow of local and foreign investment, enabling the ...

  Abu Dhabi / WAM Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of the Board of Abu Dhabi Agriculture and Food Safety Authority (Adafsa), the first edition of the Abu Dhabi International Food Exhibition (Adife) is scheduled to be launched on December 6-8 at the Abu ...

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has announced the launch of the second edition of “The Outliers Programme”, bringing together leading corporate and government partners including Aldar, Department of Culture and Tourism – Abu Dhabi (DCT) and Department of Health – Abu Dhabi (DoH), and Thales to present business and operational challenges for tech startups to ...