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

  Bloomberg A yearlong slide in Chinese technology stocks that wiped out $1.5 trillion in market value may finally be ending as investors look beyond regulatory hurdles to focus on valuations. Just 12 months ago, a rally that pushed Hong Kong’s Hang Seng Tech Index to the highest level since a July 2020 inception started to unravel as traders raced ...

  Bloomberg Stocks were mixed on Thursday as traders weighed geopolitical developments and a flurry of corporate earnings. The Stoxx 600 Index was little changed, while US equity futures fall. Havens such as the yen and gold pushed higher. US 10-year Treasury yields retreated to about 2%. Crude oil declined. Russian-backed separatists claimed Ukrainian forces violated cease-fire rules overnight, according ...

  NEW YORK / WAM The United Arab Emirates has called for an end to the appeasement of the Houthi terrorist group in Yemen during a United Nations Security Council briefing on the situation in the country. The council was briefed by Hans Grundberg, UN Special Envoy for Yemen; Martin Griffiths, UN Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator; ...

  Bloomberg Oil recovered from its biggest one-day loss this year as investors attempted to assess whether the Ukraine crisis was easing after Russia said it had pulled some troops back from the border. West Texas Intermediate rose near $93 a barrel. President Joe Biden said the US hasn’t verified the claim that Russia is pulling back some troops and ...

  ABU DHABI / WAM Tawazun Economic Council (Tawazun) is set to highlight new initiatives that focus on enabling the defence and security industry and facilitating ecosystem growth, at the Unmanned Systems Exhibition (Umex) and Simulation and Training Exhibition (Simtex) 2022. Opening on February 20, the exhibition, and accompanying conference, is held under the patronage of His Highness Sheikh Mohamed ...

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) has signed an agreement with Borsa Istanbul wherein the latter will provide consultancy services and implementation support to Abu Dhabi Securities Exchange in the information technologies. The signing of the agreement came during the visit of the President Recep Tayyip ErdoÄŸan of Turkey, to the UAE on February 14. The ...

  Dubai / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, on Wednesday announced that it has partnered with C3 (Companies Creating Change), to launch the Impact Scale-Up Programme. C3 is a UAE-based social enterprise empowering impact-driven entrepreneurs across the Middle East, Africa and Turkey, while the DMCC is the UAE’s ...

  Abu Dhabi / WAM Abu Dhabi International Airport has welcomed 5.26 million guests in 2021 thanks to a fourth-quarter surge that saw 2.43 million, which equates to 46 percent of the full year’s passenger numbers, pass through the UAE capital’s hub. The Abu Dhabi Airport released its 2021 passenger traffic results, revealing that 5,262,376 passengers were served compared to ...

  Dubai / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, attended the signing of two memorandums of understanding (MoU) covering the cultural and health sectors between the UAE and Cuba at Expo 2020 Dubai. The MoU related to culture was signed by Noura bint Mohammed Al Kaabi, Minister of Culture and ...

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) has signed an agreement with Borsa Istanbul wherein the latter will provide consultancy services and implementation support to Abu Dhabi Securities Exchange in Information Technologies. The signing of the agreement came during the visit of the President Recep Tayyip ErdoÄŸan of Turkey, to the UAE on February 14. The CEO ...