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

Bloomberg Toronto saw the lowest number of homes trade hands in a year in June as the pandemic-fueled demand that drove the market to record highs starts to fade with immigration still muted. Home sales in Canada’s largest city fall 9.1% in June from the month before to 8,885 transactions, the third consecutive monthly decline, according to data released by ...

Bloomberg Just months after bankers celebrated a record haul from taking Chinese companies public in New York and Hong Kong, they’ve had a rude awakening. Deals are being shelved and investors are nursing heavy losses. A chill has settled over global finance after a fortnight in which China first cracked down on its Uber-like Didi Global Inc. within days of ...

Bloomberg US futures were mixed as investors turn their attention to the second-quarter earnings season starting this week in order to gauge whether corporate profitability can support equity valuations. Treasury yields dropped. The Stoxx Europe 600 fluctuated, with declines for banks and travel companies offsetting gains for real-estate and utilities. Atos SE plunged more than 15% after the French IT-services ...

DUBAI / WAM In executing the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to grant golden visas to 100,000 entrepreneurs, owners of enterprises, and start-ups specialised in coding, the National Program for Coders announced the start of the golden visa application process. This initiative is ...

DUBAI / WAM Dubai’s business environment is expected to see move forward in the third quarter of 2021, as confidence among companies and investors improves prior to Expo 2020 Dubai, a newly released survey from the Dubai Chamber has found. The Business Leaders’ Outlook for Q3-2021 reports that 66 percent of respondents said they expect to see better business conditions ...

DUBAI / WAM The Eid Al Adha holiday for federal ministries and entities will begin on Monday, July 19 (Day of Arafat), and will end on Thursday, July 22, the Federal Authority for Government Human Resources announced on Sunday. In a circular, the authority said that work for all federal ministries and entities will resume on Sunday, July 25. The ...

ABU DHABI / WAM The Department of Health-Abu Dhabi (DoH), the regulator of the healthcare sector of the emirate of Abu Dhabi, signed a Memorandum of Understanding (MoU) with the Sheba Medical Centre in Israel, one of the top 10 medical institutions in the world. The MoU aims to create a framework for cooperation in developing and improving healthcare services ...

DUBAI / WAM Enoc Misr, a joint venture between Proserv. Egypt Group and the UAE’s Emirates National Oil Company (Enoc), has signed an agreement with Misr Petroleum to blend and fill lubricants locally at Misr Petroleum’s plant. With this three-year partnership, Enoc Misr will blend lubricants in Egypt, which will contribute to significant operational efficiencies and ensure a continuous product ...

Emirates Business The Sharjah Chamber of Commerce and Industry (SCCI) and Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, on Sunday signed a Memorandum of Understanding (MoU) to foster the development and growth of UAE-based manufacturers, exporters and SMEs through financial support. As part of the MoU, both entities will strengthen ...

Ajman / WAM His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman Executive Council, instructed officials at Ajman University to grant a blind Sudanese student, Khalida Hatem Junaid, a full scholarship, after she scored 98.93 percent in her high school exams in the general programme at Al Hikma Private School. His Highness ...