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

BLOOMBERG The boost to South Korean stocks from the ban on short-selling has quickly faded, with an index of small-cap stocks erasing all the gains seen following the regulator’s surprise decision. The Kosdaq Index slid 1.9% on Monday. It has fallen in every single session since the ban sparked a 7.3% jump on November 6. Electric vehicle battery names including ...

DUBAI/ GULF TIME Danube Properties, the fastest-growing private real estate developer in the UAE, today announced Sportz, a stylish 39-floor tower that will deliver 1,100 apartments in Dubai Sports City, while also unveiling their first ready-to-move-in project, Eleganz, which will deliver 259 stylish and elegant apartments and townhouses at the Jumeirah Village Circle. Sportz is the 27th project announced by ...

ABU DHABI/ GULF TIME Emirati entrepreneur Dr. Khalifa Saif Almuheirbi, Chairman of the Arabian Gulf Investment Group, has achieved a significant global milestone by securing both the Best Man in Real Estate Award and the Best Real Estate Company Award in the World for 2023. This accomplishment took place at the 2023 Go Global Awards ceremony held in the US ...

DUBAI/ WAM The 64-storey Wasl Tower is set to be one of the world’s tallest buildings to use ceramic fins as a renewable means to achieve energy efficiency, amid preparations to host the upcoming global climate summit COP 28 in the UAE. Aligned with the Year of Sustainability being marked by the UAE this year, the new building further enhances ...

ABU DHABI/ WAM As part of its commitment to the UAE’s Emiratisation agenda, the Central Bank of the UAE (CBUAE) will participate in the 17th annual Tawdheef exhibition from 13th to 15th November 2023, taking place at the Abu Dhabi National Exhibition Centre (ADNEC). Through its participation, the CBUAE will provide UAE nationals with job opportunities across various banking and ...

DUBAI/ WAM Under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE and President of DIFC, the Dubai FinTech Summit returns for its highly anticipated second edition from 6-7 May 2024. A strategic initiative of the Government of Dubai, the summit is ...

ABU DHABI/ WAM Extensive community participation is continuing for the ‘Tarahum for Gaza’ campaign, which is organising events across the United Arab Emirates. Today, the campaign event organised at the Abu Dhabi Cruise Ship Terminal of the Abu Dhabi Ports Group saw the participation of 2,500 volunteers, including citizens and residents of all ages and nationalities, who prepared more than ...

BLOOMBERG The outlook is set to darken for the dollar in 2024, but the sturdy US economy and high yields will likely support the currency’s valuation, according to Goldman Sachs Group Inc strategists led by Kamakshya Trivedi. The greenback is still up about 1.6% this year, after slipping from its 2023 highs set last month. It’s on track for a ...

BLOOMBERG One of the most high-profile blockchain systems in traditional banking has added a new feature that lets companies shift cash automatically. JPMorgan Chase & Co’s JPM Coin now allows clients to program their accounts by plugging in a set of key conditions, enabling them to move funds to cover overdue payments and margin calls. Further down the line, it ...

BLOOMBERG Sony Group Corp raised its full-year outlook for sales and profit after its media divisions outperformed, yet warned that it might be difficult to meet a target for PlayStation 5 sales ahead of the crucial year-end holiday season. Sony is now targeting net sales of ¥12.4 trillion ($82.1 billion) in the year ending March, up from ¥12.2 trillion and ...