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

ABU DHABI / GULF TIME In a significant move aimed at transforming the credit card offerings for UAE nationals, Finance House proudly announces the launch of its revolutionary credit card, “Forsa”. The Forsa proposition is set to have an immediate and positive impact on the lives of UAE nationals, offering unmatched benefits targeted at improving their financial well-being. With the ...

BLOOMBERG Morgan Stanley shares plunged the most since June 2020 after the firm’s dealmakers posted the biggest drop in fees on Wall Street and its wealth management unit had the lowest inflows in more than three years. Investment banking revenue slid 27% and the fixed-income trading business slumped, leading to a drop in profit. Revenue of $6.4 billion from the ...

BLOOMBERG European stocks edged lower on Wednesday, weighed down by disappointing results from ASML Holding NV and Swiss industrial conglomerate ABB Ltd, and as traders assessed escalating tensions in the Middle East. The Stoxx Europe 600 fell 0.1% in London. Chip equipment firm ASML Holding NV dropped as much as 5% after its order intake plunged in the third quarter ...

BLOOMBERG Chinese property stocks tumbled to close at the lowest level in 14-years, as weak home sales and rising debt woes for major developers deepened. A Bloomberg Intelligence gauge of developer shares fell 2.5% on Wednesday, with China Evergrande Group and Times China Holdings Ltd leading the decline. The gauge has plunged 44% so far this year, outpacing major benchmarks ...

BEIJING/WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah attended the official opening of the Third Belt and Road Forum for International Cooperation at the Great Hall of the People in the Chinese capital, Beijing. Held under the theme ‘High-quality ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a telephone call on Wednesday from His Excellency António Guterres, Secretary-General of the United Nations. During the call, they discussed the urgent need to implement measures that prevent further deterioration of the humanitarian situation in the Gaza Strip. The conversation emphasised intensifying diplomatic efforts to open critical humanitarian corridors and ...

ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received a written message from Frank-Walter Steinmeier, President of Germany, inviting His Highness to make a state visit to Germany to strengthen the relations between the two friendly countries. The message was received by Dr. Anwar Gargash, Diplomatic Adviser to the UAE President, as he received Alexander Schönfelder, the ...

ABU DHABI/ GULF TIME Art therapy, alongside music, drama, dance, and movement therapy, offers the invaluable advantage of expression without words. The MENA region’s pioneering Art Therapy Conference, themed “Empowering through Creativity,” launched its inaugural edition in Abu Dhabi with a spotlight on art’s transformative influence on trauma. The conference, organized by the Abu Dhabi Center for Sheltering and Humanitarian ...

ABU DHABI/ GULF TIME Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Edrafor Emirates LLC as the enabling work contractor for Casares, phase three of the fully integrated and all-inclusive residential community, Bloom Living. Scheduled to be completed in Q1 2026, all of Casares’ units that range from two-and three-bedroom townhouses, are ...

BLOOMBERG Rolls-Royce Holdings Plc plans to eliminate as many as 2,500 positions worldwide and will streamline operations, enacting the deepest job cuts yet under Chief Executive Officer Tufan Erginbilgic. The reductions will target 2,000 to 2,500 employees, or about 6% of the global staff, the company said in a regulatory statement, confirming reports of job losses. As part of the ...