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

Bloomberg Brazil is framing its slow-moving privatisation program as a way to protect forests and rivers following international investors’ mounting criticism of President Jair Bolsonaro’s environmental policies. Martha Seillier, special secretary of the Investments Partnerships Program, said infrastructure building via concessions and privatisations not only represents good business opportunities but is also an environment-friendly strategy as the country battles a ...

Bloomberg US equity futures rise after President Donald Trump called for a reduced group of stimulus measures. Euro-area bonds climbed before the region’s central bank president speaks. Food retailer Tesco Plc jumped when its earnings beat estimates. Ambu A/S surged after the maker of life-support equipment won a key US contract. The Stoxx Europe 600 Index fluctuated as insurers and ...

Bloomberg Indian stocks rise after a volatile start as the central bank’s new monetary policy committee began meeting ahead of a decision later this week. The S&P BSE Sensex advanced 0.8% to 39,871.03 as of 10:47 am in Mumbai, after slipping as much as 0.3%. The NSE Nifty 50 Index added 0.4%. Gains were driven by India’s most valuable company, ...

Bloomberg South Africa’s main stock index advance 0.2% by 9:45 am in Johannesburg as a stronger rand boosts shares in banks and gains for diversified miners counter weakness in gold and platinum producers. Investors will be keeping an eye on developments around a national strike by unions representing workers across a range of industries, to highlight a litany of grievances, ...

Abu Dhabi / WAM The Abu Dhabi Investment Office (ADIO) signed a cooperation agreement with the Israel Export Institute, establishing the foundation for strong trade bridges between Abu Dhabi and Israel by unlocking opportunities to collaborate on investments. The agreement covers the facilitation of introductions with potential investee companies in both markets, hosting joint events and supporting government and industry ...

Abu Dhabi / WAM General Holding Corporation (Senaat) part of ADQ and the sole shareholder of Al Foah Company, on Tuesday announced that it has submitted a non-binding offer to the Board of Agthia Group, a food and beverage company. The offer sets out the principal terms and conditions on which the majority of Al Foah’s business would be transferred ...

Sharjah / WAM Arada announced the latest in a series of construction contracts at Aljada, the AED24 billion ($6.53 billion) mixed-use community in the heart of New Sharjah. The developer awarded the AED102 million contract to build Phase 2 infrastructure works to support a number of different communities within Aljada to Al Marwan General Contracting Company. The scope of work ...

Abu Dhabi / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, reaffirmed the UAE’s supportive stance for UN resolutions on Libya and the world organisation’s call for Libyan parties to engage in a ceasefire, end escalation, and commit to international efforts for a peaceful settlement. This came as the UAE minister participated in a ministerial meeting ...

Bloomberg The World Trade Organisation (WTO) offered a less gloomy projection for this year’s decline in global trade while noting that downside risks remain if resurging outbreaks of Covid-19 stall the economic recovery. The WTO said it expects global merchandise trade to fall by 9.2% this year from 2019, compared with the 12.9% drop projected in April, according to revised ...

Bloomberg Oil rises further after the biggest gain since May on growing optimism for more US fiscal stimulus and as President Donald Trump left hospital following treatment for Covid-19. Futures added 1.2%, following Monday’s surge above $39 a barrel. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will resume talks on another round of pandemic relief funding, but there’s ...