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

BLOOMBERG British stocks rallied after data showed inflation in the UK slowed far more than expected, bolstering rate-cut bets. Argenx SE plunged after negative news on its skin disease drug trial, holding Europe back as the benchmark stalled near a January 2022 high. The pan-European Stoxx 600 Index ended the session with a 0.2%% gain. UK real estate stocks and ...

BLOOMBERG European stocks slipped, following losses in the US and Asia as traders dial back optimism over possible Federal Reserve interest-rate cuts and trim positions before the long Christmas weekend. The autos and real estate sectors led declines as Europe’s Stoxx 600 index retreated 0.3%. The S&P 500 and Nasdaq 100 both dropped 1.5% Wednesday, although futures contracts pointed to ...

SHARJAH / WAM The volume of real estate transactions across the emirate of Sharjah has reached AED2.6 billion during November 2023, according to the monthly real estate transactions report issued by Sharjah Real Estate Registration Department. The total number of transactions was 4,079, while the total volume of the area traded in sales transactions reached 10.6 million square feet during ...

DUBAI / WAM Dubai International (DXB) marked a historic milestone by becoming the first international airport to earn the Certified Autism Centre (CAC) designation, awarded by the International Board of Credentialing and Continuing Education Standards (IBCCES). This achievement highlights Dubai Airports’ unwavering commitment to elevating the travel experience and making it easier for persons with disabilities while supporting Dubai’s pursuit ...

ABU DHABI / WAM Emirates Water and Electricity Company (Ewec) has signed a memorandum of understanding (MoU) with Energy Exemplar, a global optimisation-based market simulation software provider for the energy and water sectors. The parties will explore opportunities to expand Ewec’s advanced modelling capacity and bring Energy Exemplar’s state-of-the-art, cloud-based platform modelling capabilities to the Middle East. The MoU was ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has discussed with João Gomes Cravinho, Minister of Foreign Affairs of the Portuguese Republic, the developments in the Middle East and the repercussions of the current crisis, particularly on the humanitarian front. During a phone call, Sheikh Abdullah emphasised the significance of enhancing regional and ...

SHARJAH / WAM Sharjah Museums Authority (SMA) has announced that the fourth annual Lamma family entertainment event, scheduled from December 20-24 at the Sharjah Archeology Museum, will offer a diverse array of activities. Running daily from 4 pm to 10 pm, the event is a collaborative effort involving all SMA museums and is officially sponsored by the Sharjah Commerce and ...

DUBAI / WAM At COP28, Kyrgyzstan has raised the agenda of mountainous regions that shelter more than one billion of the global population, Edil Baisalov, Deputy Prime Minister of Kyrgyzstan, told the Emirates News Agency (WAM). “I represent the mountainous countries. Mountains and glaciers are the water towers of the world. Mountains are where all the weather systems are formed,” ...

ABU DHABI / WAM Further to the announcements made by Bayanat AI PLC (Bayanat) and Al Yah Satellite Communications Company (Yahsat) on the recommendation to shareholders by their respective Board of Directors for a merger of the two Abu Dhabi-headquartered and ADX-listed entities, the enlarged entity will be named Space42 post-merger. The proposed merger will create an AI-powered space technology ...

ABU DHABI / WAM The Zayed Sustainability Prize, the UAE’s pioneering global sustainability and humanitarian award, has officially announced that the 2025 cycle is now open for submissions. Submissions will be accepted until 23rd June 2024 through the Prize’s online portal. Small to medium enterprises (SMEs), nonprofit organisations (NPOs) and high schools with sustainable solutions are invited to submit an ...