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

  Bloomberg India’s central bank has not fallen behind the curve, having maintained an easy monetary policy stance even as other economies across the world have started tightening, a top official said. “India held its ground and is among a few countries that have retained an accommodative monetary policy, despite some views that we have fallen behind the curve,” Reserve ...

  Bloomberg Global stocks extended a rally as Federal Reserve officials cautioned against disruptive policy tightening and US companies signaled another strong earnings season. US index futures swung from gains to losses in line with volatile moves seen over the past several days. Futures on the Nasdaq 100 Index were little changed, while those on the S&P 500 Index were ...

  Bloomberg India’s benchmark bond yields surged to the highest in two and a half years after the government unveiled plans to issue record amount of bonds in the next financial year. The selloff was exacerbated as the annual budget announcement lacked the widely expected measures to facilitate inclusion of the nation’s debt into global bond indexes. Elevated bond sales ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said that Zayed II Military College is one of the most important and oldest military educational edifices in the UAE, noting that its founding coincided with the UAE’s establishment. In a speech ...

  ABU DHABI / WAM The UAE’s Ministry of Defence (MoD) announced on Monday that its air defence forces had intercepted and destroyed a ballistic missile launched by the Houthi terrorist group at the UAE. The ministry confirmed in a statement that “there were no casualties resulting from the attack and the fragments of the ballistic missile fell in different ...

  Bloomberg Oil markets opened the week higher and were heading for the biggest gain in at least 30 years as robust demand outpaced fresh supply. The global crude benchmark rises 1.3%, paring earlier gains, but remains on track for a 17% gain this month. West Texas Intermediate futures traded above $87 a barrel. Traders were greeted on Monday with ...

  Abu Dhabi / WAM Masdar City and the Mohammed Bin Rashid Innovation Fund (MBRIF) on Monday announced a strategic partnership designed to cultivate entrepreneurship and economic development in the UAE and at an international level. The initiative will extend support to innovative SME’s, while also sharing industry knowledge and collaborating to develop the entrepreneurship ecosystem at home and abroad. ...

  Sharjah / WAM The Emirates Publishers Association (EPA) is marking its presence at the ongoing 53rd edition of the Cairo International Book Fair (CIBF) with 275 titles from 22 Emirati publishers, spanning a range of genres. Publishers are showcasing 2,415 books to businesses and visitors at EPA’s pavilion through the ‘Manassah’ platform, which offers exclusive privileges to EPA members. ...

  Dubai / Gulf Time The “Aafaq Islamic Finance” platform, the leading institution in the financial sector and providing financial products and services in compliance with the provisions of Islamic Sharia, continues to provide its services and offers for the “Expo 2020 Dubai”, amid an increasing number of visitors to this largest global exhibition. Participants and visitors from individuals to ...

  Dubai / Gulf Time Every parent wants to give the best life can offer to their kids, but growing minds also need a space of their own to hone their skills, to get a peaceful well-rested lay, while also serving their educational and play needs. Keeping this in mind, Danube Home has launched its all-new kids’ furniture collection that ...