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

  Bloomberg Hong Kong stocks posted their biggest post-Lunar New Year holiday advance since 2009, as traders played catch-up to gains in global equities and a rally in financials outweighed the impact of an overnight tech rout in the US. The Hang Seng Index closed up 3.2% on Friday. AIA Group Ltd. and HSBC Holdings Plc were among those leading ...

  Bloomberg If history is a guide, the heaviest selling by foreigners of Indian stocks since the global financial crisis is poised to end, with any turnaround likely to be led by stocks with major holdings among the overseas investors. That’s the view from Bloomberg Intelligence after foreign institutional investors net-sold $10 billion of local stocks since October, the most ...

  Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Thursday the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni,indicate between 1.5 – 2 trillion standard cubic feet (TSCF) of raw gas in place. ...

Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) on Thursday announced that it is all set to host the 17th International Conference on Space Operations (SpaceOps 2023), one of the world’s leading and premier space events at the World Trade Centre in Dubai, UAE. The event, being held for the first time ever in the Arab world, is ...

  ABU DHABI / WAM Aldar Properties (Aldar) announced plans to invest AED1 billion into Aldar Education, its wholly owned subsidiary, and the largest premium school operator in Abu Dhabi. With 80 percent of the investment already committed and planned for deployment over the next three years, Aldar will diversify its education portfolio and expand its offering to widen the ...

  ABU DHABI / WAM Abu Dhabi Convention and Exhibition Bureau (Adceb) has announced a new partnership with Miral, Abu Dhabi’s leading curator of magnetic experiences, to strengthen the emirate’s position as a leading destination for Meetings, Incentives, Conferences and Exhibitions (Mice), specifically targeting business events with more than 500 attendees. The partnership has resulted in the creation of the ...

  ABU DHABI / WAM Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of Abu Dhabi Chamber of Commerce and Industry, has received Tugay Tuncer, Ambassador of Turkey to the UAE, at the chamber’s headquarters in Abu Dhabi. Al Mazrouei wished the Turkish Ambassador all the best in performing his duties ...

  ABU DHABI / WAM The UAE will celebrate the International Day of Human Fraternity on Friday, designated by the United Nations (UN) General Assembly on an initiative by the UAE, Saudi Arabia, Bahrain and Egypt to make February 4 an annual occasion to encourage solidarity and unity between peoples and promote the values of tolerance. The occasion constitutes the ...

  Abu Dhabi / WAM Abu Dhabi Waste Management Center (Tadweer) has adopted electronic approvals for No Objection Certificates (NOC) in Abu Dhabi for all requests that require technical reviewing by specialists in charge of issuing approvals related to infrastructure construction, building, and development projects. The move allows clients, including consultants, contractors, or developers, to acquire an NOC from the ...

  DUBAI / WAM The UAE and the German federal state of Bavaria have agreed to cooperate in tackling climate change and protecting the environment. In this context, Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, and Roland Weigert, Bavaria’s Vice Minister of Economic Affairs, Regional Development and Energy, signed a joint declaration of intent during the ...