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

Bloomberg US equity futures and stocks posted modest gains on Monday as investors prepared for a key Federal Reserve meeting later in the week. The rally in Treasuries appeared to lose steam. S&P 500 futures signaled the gauge was poised to add to the fresh record. European equities opened higher, led by shares in energy firms. The benchmark 10-year yield ...

Bloomberg Shares of some companies controlled by billionaire Gautam Adani plunged after a report said accounts of three Mauritius-based funds that own the group’s stocks have been frozen. The National Securities Depository Ltd froze the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund effective May 31, according to the NSDL’s website. The action could be due to ...

Abu Dhabi / WAM The UAE was ranked among the top 20 countries in the world in eight indexes of competitiveness related to tolerance and coexistence during 2020, according to data issued by three of the major international references specia- -lised in competitiveness. This means that the country has succeeded in achieving global leadership levels in this field, exceeding the ...

Bloomberg Saudi Arabia’s equities index extended a winning streak to five sessions on Sunday, following another positive week for crude prices. The Tadawul All Share Index climbed 0.9%, with gauges in Bahrain, Oman, Kuwait, Qatar and Israel also rising. The index in Dubai finished little changed while and Egypt’s EGX 30 declined 0.9%. Oil, the main export for Gulf countries, ...

Abu Dhabi / WAM Helal Mohammed Al Hameli, Deputy Director-General of the Abu Dhabi Chamber of Centers and Advisory Councils, has discussed with Pavel Jablonsk, Deputy Foreign Minister of Poland, ways to further boost investment and business cooperation among entrepreneurs in Abu Dhabi and Poland. During the meeting, Al Hameli expressed his pleasure with the visit of Polish Deputy Foreign ...

Abu Dhabi / WAM A delegation of the Khalifa bin Zayed Al Nahyan Foundation, in collaboration with the UAE Embassy in Beirut, has provided vouchers to 35,600 families in Northern Lebanon, as part of the UAE’s endless efforts to support friendly countries. An official from the foundation stated that the humanitarian initiative was launched upon the directives of the UAE’s ...

Abu Dhabi / Emirates Business Etihad Guest, the award-winning loyalty programme of Etihad Airways, partnered with Air Arabia’s loyalty programme AirRewards, to allow members of both schemes to benefit from reciprocal points and miles transfers. These could be spent on flights with Etihad and Air Arabia, holidays, shopping and more. Kim Hardaker, Head of Loyalty & Partnerships, Etihad Airways, said: ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 217,849 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) will divert three driver licensing services from customers happiness centres to smart and electronic channels as of mid-June 2021. Services to be diverted cover applications for renewing driver license, replacement of lost/damaged driver license, and the issuance of experience certificate for drivers. “From the middle of June 2021, RTA’s customer happiness ...

Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa), has announced that the authority will add 600 megawatts (MW) of clean energy capacity using photovoltaic solar panels and Concentrated Solar Power (CSP) during 2021. The move will increase Dewa’s total power capacity from clean energy to 1,613 MW compared to 1,013 MW ...