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

Bloomberg Goldman Sachs Group Inc. has informed staff that only ‘in-office essential’ employees can work from its London office after Boris Johnson announced a new nationwide lockdown to arrest an accelerating second wave of the virus. Goldman has told the vast majority of its more than 5,000 London employees to work from home from November 5, with only essential workers ...

Bloomberg US futures climbed along with most European stocks in a volatile start to a crucial week spanning the US election and a Federal Reserve policy meeting. The picture was mixed across global markets with crude prices and commodity currencies weakening on concern that tougher lockdowns will dent economic growth. In European equities, companies that benefit from people staying at ...

Bloomberg India stocks swung between gains and losses as investors braced for the impact of the upcoming US Presidential election on global markets. The S&P BSE Sensex declined 0.6% to 39,396.84 as of 10:12 am in Mumbai, after gaining as much as 0.7% earlier, while the NSE Nifty 50 Index slipped by a similar magnitude. Both gauges last week capped ...

Emirates Business Agthia Group, a leading food and beverages company in the region, and part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, announced the group’s net revenue reached AED 492.1 million for the third quarter, a 1.2 growth verses Q3 2019. The increase ...

Abu Dhabi / WAM The UAE has expressed its strong condemnation and denunciation of the Iranian-backed Houthi terrorist militias’ attempt to target civilian areas in the Kingdom of Saudi Arabia with six bomb-laden UAVs that were intercepted by the Coalition Forces. In a statement, the UAE Ministry of Foreign Affairs and International Cooperation emphasised that the recent increase in Houthi ...

Bloomberg Saudi Arabia’s Red Sea Development Co plans to close on a 14-billion riyal ($3.7 billion) loan from five domestic banks by the end of the year as it steps up construction on a luxury tourism project about the size of Belgium, its chief executive said. The developer has been seeking financing since last year for the project, which stretches ...

Bloomberg Australia’s economy could contract by 6% over the next five decades if climate change goes unchecked, according to Deloitte Access Economics. That’s equivalent to a A$3.4 trillion ($2.4 trillion) loss in gross domestic product and 880,000 fewer jobs, Deloitte said in a report. The group said its modeling differs from others in setting a benchmark for growth which incorporates ...

Abu Dhabi / WAM Etihad Rail, the developer and operator of the national railway network in the UAE, has won the Gold Award for Best Practices for the year 2020 by the European Society for Quality Research (ESQR) in recognition of its outstanding achievements in following best-practices and results in quality management strategies. A total of 51 companies, public administrations ...

Abu Dhabi / WAM First Abu Dhabi Bank (FAB) announced complete digitisation of account opening process for Small and mid-size enterprises, SMEs, through the BASHER portal, becoming the first bank in the Middle East to achieve this milestone. The Government of the UAE represented by the Department of Proactive Services – Ministry of Possibilities, MoP, launched BASHER to simplify the ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) announced on Sunday that it has appointed Saeed Hamad Obaid Al Dhaheri as Chief Executive Officer (CEO). In a statement, ADX said, “Al Dhaheri brings a wealth of highly relevant experience that will support his new role as Chief Executive Officer of ADX, helping it further develop and move confidently into ...