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

  Bloomberg European banks could earn almost 6 billion euros ($6.6 billion) in annual revenue from financing the transition to a more sustainable economy, according to their top regulator. “The balance sheet choices banks will make about green and non-green assets will materially impact their bottom lines,” said Andrea Enria, who leads the European Central Bank’s supervisory board. “Consumers and ...

  Bloomberg Barclays Plc expects to take a 450 million-pound ($591 million) hit and will delay a share buyback until the second quarter after issuing about $15 billion more structured notes and exchange traded notes than it had registered for sale. Barclays Bank Plc, the subsidiary that holds the lender’s corporate and investment bank, has determined that “securities offered and ...

  Bloomberg NatWest Group, the British bank will no longer be mostly owned by the UK government after it bought back nearly 5% of its shares in an off-market deal. The sale of the stake for £1.2 billion takes government’s shareholding to about 48%, and ends more than a decade of majority state ownership of the bank The UK government’s ...

Bloomberg Tesla Inc added about $84 billion to its stock-market value, more than Ford Motor Co.’s entire market capitalisation, after the electric-vehicle maker said it is planning a second stock split in about two years. Stocks splits for large companies have returned to the spotlight recently with Amazon.com Inc. saying earlier this month that it will do a 20-for-1 stock ...

Bloomberg Stocks rise on Tuesday as cease-fire talks between Russia and Ukraine helped fuel risk appetite. The Stoxx Europe 600 Index advanced, with auto and consumer stocks outperforming. US equity futures climbed after benchmarks rose for a third session. Oil reversed earlier declines as investors weighed the impact of China’s mobility curbs against a Covid-19 resurgence on demand. Government bond ...

  Abu Dhabi / WAM UAE’s Federal Authority for Nuclear Regulation (FANR) has convened national and international experts to discuss the current situation of the global nuclear non-proliferation as well as nuclear import and export control systems in a three-day forum. Titled “Nuclear Non-Proliferation Forum: Emerging Challenges & Opportunities in the 21st Century”, the forum brings together national and international ...

  Bloomberg Oil retreated as China’s worsening virus resurgence raised concerns about demand in the world’s biggest crude importer. West Texas Intermediate futures fall as much as 6.2% after authorities in Shanghai said they will lock down half of the city in turns for mass Covid-19 testing. Global growth risks from inflation and tightening monetary policy also hit market sentiments, ...

  Abu Dhabi / WAM Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, Pure Health, the largest integrated healthcare platform in the UAE, and G42 Healthcare, Abu Dhabi based leading health tech company, signed a memorandum of understanding to establish the Centre of Digital Health in the emirate of Abu Dhabi. The ...

  Abu Dhabi / WAM Within its efforts to promote industrial and investment cooperation with India, the Abu Dhabi Chamber of Commerce and Industry has organised a meeting with a high-level delegation from the Confederation of Indian Industry (CII). During the meeting, the visiting delegation were introduced to the available and promising business opportunities in Abu Dhabi through a video ...

Dubai / WAM Dubai accounts for 57 percent of scaleup funding in the Middle East and North Africa (Mena), and it is home to 39 percent of the region’s scaleups, according to a new report from Dubai Chamber of Digital Economy. The report, titled “UAE Venture Outlook”, was developed in cooperation with Mind the Bridge and Crunchbase, and it examined ...