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

  Bloomberg Citigroup Inc is among underwriters that have temporarily paused initial public offerings of new US special purpose acquisition companies until they get more clarity on the potential legal risks posed by recently proposed rules, according to people with knowledge of the matter. The New York-based bank is awaiting feedback from legal advisers regarding underwriter liability among other topics, ...

  Bloomberg Alibaba Group Holding Ltd and Didi Global Inc rallied for a second day, adding $93 billion in value to US listed Chinese stocks as fears of potential delistings eased. The Nasdaq Golden Dragon China Index jumped 7.4%, adding to the climb after Beijing regulators published revised draft rules scrapping requirements that on-site inspections should be mainly conducted by ...

  Bloomberg European stocks advanced and US equity futures were steady on Tuesday while oil gained as investors evaluated the prospect of tougher sanctions against Russia. Bonds retreated amid deepening concern about inflation and the policy response. The Stoxx Europe 600 index edged higher. The energy sector outperformed, with Vestas Wind Systems leading gains for renewable-energy companies amid an uncertain ...

  Sharjah / WAM With the onset of Ramadan 2022, The Big Heart Foundation (TBHF), the Sharjah-based global humanitarian organisation that helps refugees and those in need worldwide, has announced a campaign titled ‘Who am I?’ to appeal for Zakat and general donations. The inspiring campaign calls on our humanitarian spirit without using haunting images of suffering or using the ...

  Bloomberg India’s biggest mortgage lender agreed to buy one of the country’s most valuable banks to create an almost $190-billion behemoth to ride a boom in home loans and consumer spending in the world’s fastest-growing major economy. Housing Development Finance Corp., which issues mortgages to more than half the home buyers in a country of 1.4 billion people, will ...

Sharjah / WAM The Sharjah Social Services Department (SSSD) announced that 94 beneficiaries have enrolled in the “Tamkeen” programme since its launch in 2020. The programme targets the employment of low-income beneficiaries below 45 years of age, who can work with Sharjah government institutions, private entities and the civil sector, to enhance and develop the capabilities and skills of the ...

  DUBAI / WAM Around 76.5% companies registered growth in their businesses during Expo 2020, while 73.5% managed to build new business relations during the world’s greatest show, according to a report commissioned by Dubai Chamber of Commerce. In terms of services provided by Dubai Chamber during the event, 70.6% of respondents to the survey conducted as part of the ...

  DUBAI / WAM Roads and Transport Authority (RTA) has served 37.3 million users during Expo 2020 Dubai, which constitutes 67 percent to the total usage of transport services at Expo, Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors of RTA, revealed. The number of riders carried out by public transport modes (Dubai Metro, public buses), taxis ...

  Dubai / WAM Dubai Future Foundation (DFF) has announced the launch of a new, first-of-its-kind initiative in the region to encourage and support tech start-ups to participate in a special challenge to utilise the latest technologies and innovations and contribute to the development of a quality and innovative experience for luxury brand customers. The challenge is part of the ...

DUBAI / WAM Emirates Institute for Banking and Financial Studies (EIBFS) shared its expertise in banking and financial studies and best practices in refining banking professionals’ skills with a delegation of senior officials from several banking institutes in Nepal. The delegation comprised of top banking executives from the Merchant (Investment) Banking of Nepal including the president of the Merchant Bankers’ ...