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

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Najib Mikati, Prime Minister of the Republic of Lebanon, who arrived earlier today in the UAE. During the meeting at Qasr Al-Shati in Abu Dhabi, His Highness welcomed the Lebanese Prime Minister and expressed his wishes for Lebanon to enjoy stability, security, and prosperity and achieve development that ...

ABU DHAB/ WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has inaugurated the UAE Wind Programme during a ceremony on Sir Bani Yas Island. The clean energy project builds on the leadership’s efforts to ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met today with Anwar Ibrahim, Prime Minister of Malaysia, to discuss bilateral ties and explore opportunities for further collaboration that advances the sustainable development ambitions of both nations. During the meeting, which took place at Qasr Al Shati in Abu Dhabi, Ibrahim conveyed to His Highness the greetings ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with teachers from across the UAE on the occasion of World Teachers’ Day, and commended the vital role they play in nurturing and inspiring young people. His Highness received the delegation at Qasr Al Bahr in Abu Dhabi, and highlighted the importance of teachers in helping future generations ...

BLOOMBERG A retreat in European stocks deepened on Wednesday, sending the benchmark index to the lowest in more than six months as bond yields climbed on worries of higher-for-longer interest rates. The Stoxx 600 was down 0.2% in London, sliding for a third straight session as the yield on 30-year Treasuries hit 5% for the first time since 2007. In ...

BLOOMBERG The selloff in US Treasuries extended into a third straight day, with 30-year yields touching 5% for the first time since 2007 and sending global financial markets into a tailspin. As conviction grew that US interest rates could rise further from current 22-year highs, 10-year Treasury yields also climbed closer to the key 5% threshold. That pushed the MSCI ...

BLOOMBERG Retailers ranging from Tesco Plc to Burberry Group Plc have called for immediate action from the UK government to tackle the rise in shoplifting that’s emerged during the nation’s cost-of-living crisis. Almost 90 retail chiefs have signed a letter to Home Secretary Suella Braverman asking for the government to create a standalone offense of assaulting a retail worker, along ...

BLOOMBERG Air France KLM’s plan to buy a stake in troubled Scandinavian carrier SAS AB gives the long-overdue consolidation of European airlines a jolt as more regional operators come under the control of three big groups. The Franco-Dutch carrier said that it will invest as much as $144.5 million for 19.9% of SAS, with the option to take a controlling ...

BLOOMBERG Tesco Plc lifted its profit forecast as it attracted shoppers by keeping a tight lid on food prices and its own costs. Britain’s biggest grocer now expects to deliver as much as £2.7 billion ($3.3 billion) in adjusted operating profit this year from its retail business, compared with previous guidance of flat profit. The stock rose 3.2% on Wednesday. ...

BLOOMBERG Delta Air Lines Inc says some of its aircraft have flown with engines using improperly documented components, a disclosure indicating the extent to which parts linked to a British distributor have been sold globally. Suspect components were found on only one engine of the planes that were flown, a company spokesman said, declining to quantify exactly how many aircraft ...