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

BLOOMBERG President Joe Biden said China’s recent downturn could diminish any inclination by Beijing to invade Taiwan, adding that the country’s economic troubles have left his Chinese counterpart with “his hands full.” The US president, who travelled to Vietnam following a gathering of the Group of 20 leaders summit in India, said he had met with Chinese Premier Li Qiang ...

BLOOMBERG British Prime Minister Rishi Sunak told Chinese premier Li Qiang he had “significant concerns” about “interference” from Beijing, hours after it emerged that two men had been arrested in the UK for allegedly spying for China. Sunak said he’d confronted the Chinese official after news that a parliamentary researcher linked to a number of Tory MPs had been detained ...

BLOOMBERG French President Emmanuel Macron rejected a demand by Niger’s military rulers to withdraw troops from the West African nation after a coup strained relations between the two countries. “If we redeploy, I would do it only at the request of President Bazoum,” Macron said, referring to Niger’s ousted leader, as the G-20 summit wrapped up in New Delhi, India. ...

BLOOMBERG Australian voter dissatisfaction with Prime Minister Anthony Albanese’s performance is growing and support for his signature Indigenous Voice to Parliament proposal is declining amid increased frustration over rising living costs. The center-left government’s primary vote slid to 36% in the latest Resolve poll published, the lowest level since it won office in May 2022. Albanese’s net approval rating declined ...

BLOOMBERG Shares of global infrastructure service providers and environmental companies in India rallied on Monday after the Group of 20 leaders meeting in New Delhi agreed to prioritise projects that involve regional connectivity and promoting biofuels. India’s state-run firms that plan and operate the country’s vast railways network were among top gainers on the S&P BSE 500 Index amid expectations ...

BLOOMBERG The dollar fell the most in two weeks, while stocks rose as traders took bullish cues from improving Chinese data and comments from Treasury Secretary Janet Yellen. The yen had the biggest move against the dollar, surging more than 1% after Bank of Japan Governor Kazuo Ueda aired the possibility of ending the developed world’s last key negative interest ...

BLOOMBERG Citigroup Inc has named new co-heads of its banking, capital markets and advisory division for continental Europe. Linos Lekkas and Patrick Frowein will also represent the BCMA division as members of Citigroup’s Europe leadership team, according to an internal memo seen by Bloomberg News. A spokesperson for Citigroup confirmed the contents of the memo. The BCMA division’s continental Europe ...

NEW YORK / WAM Mubadala Investment Company (Mubadala), an Abu Dhabi-based global sovereign investor, announced today that it has formed a strategic partnership with Blue Owl Capital (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager. The partnership was established with a $1 billion commitment to Blue Owl’s Credit platform and will initially focus on its Technology Lending strategy, which ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today met with Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, who is on a working visit to the UAE. During the meeting, which took place at Qasr Al Shati in Abu Dhabi, His Highness Sheikh Mohamed renewed his congratulations to Tinubu on assuming the presidency ...

ABU DHABI / WAM ADNOC Logistics and Services (ADNOC L&S) has taken delivery of eight self-propelled jack-up barges (JUBs) through its subsidiary Zakher Marine International (ZMI) Holdings. With this expansion, the number of JUBs owned and operated by ADNOC L&S has increased from 31 to 39, reinforcing the Company’s status as the owner and operator of one of the largest ...