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

Bloomberg US Treasury yields climb amid confidence the Federal Reserve will remain accommodative even as robust growth takes the world’s largest economy back to pre-pandemic levels. Stock-index futures were little changed. Havens including the dollar and government bonds were under pressure while copper, seen as a barometer of growth, surged to the highest in a decade. The US 10-year rate ...

Bloomberg Hong Kong plans to expand its trading link with the mainland to include southbound flows on bonds in early July, the Hong Kong Economic Journal (HKEJ) reported, citing an unidentified source. The southbound link will have quotas in place and only allow trading in certain eligible bonds, the HKEJ reported on Monday. Hong Kong has a trading link with ...

Bloomberg Bitcoin rallied on Monday as investors took advantage of the lowest levels in seven weeks to pile back in. The largest cryptocurrency is on track for its biggest gain since February 8 after dropping as low as $47,079 in early Asia trading before rebounding. It rose as much as 9.6% to $52,747 and was trading around $52,500 as of ...

NEW YORK / WAM The UAE renewed its support for a peaceful, comprehensive, and just resolution to the Palestinian question in line with relevant UN resolutions, the Madrid Principles, the Arab Peace Initiative, and the Quartet road map. In a written statement submitted to the UN Security Council for the open debate on the situation in the Middle East, including ...

Sharjah / WAM Sharjah’s real estate sector saw a volume of transactions valued at AED6.7 billion during the first quarter of 2021, with a growth rate of 84.9 percent, compared to the first quarter of 2020, according to a report issued by the Real Estate Registration Department. The total number of transactions executed in the past three months reached 20,448 ...

DUBAI / WAM A record number of real estate sales transactions over 16 months was reported in March 2021, with 4,643 transactions worth AED 10.93 billion, as well as a growth of 23% in terms of transaction numbers and 47% in terms of value, compared to February, according to the 13th edition of Mo’asher, Dubai’s official sales price index, launched ...

ABU DHABI / WAM The United Arab Emirates (UAE) on Sunday expressed its condolences over the victims of the tragic hospital accident in the Iraqi capital. The Ministry of Foreign Affairs and International Cooperation stated that the UAE expresses its sincere condolences and sympathy to the sisterly Republic of Iraq, government and people, for the victims of the tragic accident ...

ABU DHABI / WAM The Department of Community Development in Abu Dhabi signed a Memorandum of Understanding (MoU) with the Abu Dhabi Department of Economic Development (Added), the Authority of Social Contribution “Ma’an”, and Abu Dhabi Global Market (ADGM), to focus on the importance of the role of social enterprises in the emirate. This agreement seeks to identify social challenges ...

Abu Dhabi / WAM The UAE has strengthened its leading position in international competitiveness indexes, related to banking and fiscal policies, by securing places among the top 20 countries in 11 related competitiveness indexes in 2020. This overall achievement highlights flexibility and attractiveness of policies implemented by UAE that support national economic growth. The Federal Competitiveness and Statistics Centre documented ...

Abu Dhabi / WAM Wizz Air, Europe’s fastest-growing airline announced the introduction of its chatbot, Amelia, a new virtual assistant to enable customers to easily acquire information related to their flights and other useful general information. Wizz Air’s new chatbot was inspired by Amelia Earhart, the American aviation pioneer who was the first female aviator to fly solo across the ...