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

BLOOMBERG Stocks fell and gold climbed to a six-month high as data showed a sharp slowdown in China’s industrial profits, which reinforced investor concerns about its sluggish economy. The Stoxx 600 index fell 0.3% and Nasdaq futures retreated 0.2%. Treasury 10-year yields climbed as much as five basis points to 4.51%, the highest in more than a week. Gold climbed ...

BLOOMBERG A South Korean regulator is investigating whether financial institutions that sold derivatives products linked to Chinese stocks adequately explained the risk of losses to retail investors. The Financial Supervisory Service is probing sales of equity-linked securities tied to the Hang Seng China Enterprises Index, the regulator said in a text message. Some 8.41 trillion won ($6.5 billion) of such ...

ABU DHABI / WAM Abu Dhabi Public Health Centre, a subsidiary of the Department of Health – Abu Dhabi dedicated to enhancing the public and preventive health system in the emirate, inaugurated the first-of-its-kind safety centre for injury prevention awareness in Sheikh Shakhbout Medical City (SSMC). The safety centre aims to educate all community members on the causes of injuries ...

DUBAI / WAM Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, recorded several achievements by applying different sustainability practices across its operations at its headquarters and other buildings. In 2022, Dubai South successfully diverted 622 tonnes of solid waste from landfills, equivalent to 29 percent of the total waste generated that year. This effort ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received a delegation from Dubai Electricity and Water Authority (Dewa) led by Saeed Mohammed Al Tayer, MD and CEO of Dewa. The delegation comprised Emirati experts, researchers and professionals from Dewa’s Research and Development (RD) Centre at the ...

ABU DHABI/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, discussed during a phone call with Lars Løkke Rasmussen, Minister of Foreign Affairs of Denmark, the latest developments in the Middle East region and efforts to protect the lives of all civilians from the repercussions of the current crisis. The two sides also discussed the current situation ...

DUBAI/ WAM DP World and the International Renewable Energy Agency (IRENA) have signed a cooperation agreement to accelerate the use of renewable energy and cut emissions from the ports and maritime logistics sector. Signed by IRENA Director-General Francesco La Camera and DP World Group Chairman and CEO Sultan Ahmed bin Sulayem, the agreement focuses on identifying and implementing decarbonisation solutions ...

ABU DHAB/ WAM Racing fans were treated to a spectacular, low-level fly-past just minutes before the start of the 2023 Abu Dhabi Grand Prix by aircraft from Title Sponsor Etihad Airways and Al Fursan Al Emarat, the UAE’s aerobatic display team. Coinciding with the airline’s 20th anniversary year, the Etihad Airways Boeing 787 Dreamliner flew over the iconic start-finish line ...

Al ARISH/ WAM In implementation of the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE is continuing its humanitarian aid drive to support the Palestinian people, as 10 Emirates Red Crescent trucks today crossed into Gaza carrying food aid. As part of Operation ‘Gallant Knight 3’, which aims to alleviate the suffering of civilians in ...

ABU DHABI/ WAM AD Ports Group, a leading facilitator of global trade, logistics, and industry, in collaboration with KazMorTransFlot (KMTF), national shipping company of Kazakhstan, fully-owned by the national Kazakhstan oil company – KazMunayGas (KMG), has announced the acquisition and commencement of operations of two state-of-the-art vessels designed for the transportation of Kazakhstan’s oil across the Caspian Sea.\ A naming ...