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 Abu Dhabi Sustainability Group (ADSG), founded by Environment Agency – Abu Dhabi (EAD) in 2008, is marking its 15-year anniversary, which coincides with the UAE Year of Sustainability. Through its efforts, the ADSG and its members have positioned Abu Dhabi as a leading hub for sustainability initiatives, setting a model for organisations worldwide for voluntary collaboration ...

ABU DHABI / WAM An abducted Bangladeshi employee of the UN in Yemen was completely hopeless at one point, but the UAE’s help brought him back to normal life, a top Bangladeshi diplomat told the Emirates News Agency (WAM). “During his 18-month long ordeal, he was ill and needed medication, but it was difficult for him to get medical support. ...

ABU DHABI / WAM A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has delivered consensus on the key next steps needed to establish a new framework for international climate finance and to drive progress at COP28 and beyond to COP29 and COP30. World-leading economists from the Independent High-Level Expert Group (IHLEG) met with ...

DUBAI / WAM Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, hosted two workshops focused on identifying and overcoming the challenges faced by private notary offices in Dubai. The sessions came as part of the chamber’s drive to engage with private sector companies and involve them in policymaking and advocacy efforts, with ...

DUBAI / WAM National Bonds announced a new partnership with the Ports, Customs and Free Zone Corporation (PCFC), that aims to provide their employees with innovative savings and investment solutions. This partnership came into being considering the recent study conducted by National Bonds, which states that 76% of people are planning to save and invest in the UAE. Through this ...

BLOOMBERG Air India Ltd unveiled a new corporate identity, including a modernised logo and a sleeker livery for its planes, as the former state-owned carrier spruces up its image under new owner Tata Group. The carrier will ditch its red arched window accents for a sleeker livery that will see its tail fin painted in hues of gold, red and ...

BLOOMBERG Home Depot Inc earnings exceeded the average analyst estimate, suggesting that US home improvement spending is performing slightly better than expected following an unprecedented boom during the pandemic. Earnings per share were $4.65 on a diluted basis in the second quarter, above the average estimate compiled by Bloomberg. Comparable sales, another key metric, fell 2% in the quarter, a ...

BLOOMBERG Target Corp shares clawed back some of their recent losses after a surprising profit surge in the second quarter overshadowed the company’s increasingly cautious outlook on the rest of the year. Adjusted earnings more than quadrupled during the quarter ended in late July, Target said in a statement, reflecting the retailer’s progress in paring the bloated inventories that forced ...

BLOOMBERG A selloff in Chinese assets deepened on Wednesday, with a key equity gauge set to erase all gains seen since last month’s Politburo meeting and the yuan falling towards a 16-year low.  The MSCI China Index dropped as much as 1.3% amid mounting concerns over economic growth, set to close below where it was before policy vows at the ...

BLOOMBERG European stocks fluctuated after their slump as investors awaited further clues on the path of interest rates from the US Federal Reserve. The pound strengthened as UK inflation topped expectations. Europe’s Stoxx 600 benchmark rose 0.2% after declining as much as 0.4% earlier. US futures pointed to gains at the open. Government bonds in the US and Europe traded ...