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

BLOOMBERG China’s markets regulator has consulted securities firms for possible measures to boost stocks amid growing signs Beijing is seeking to restore investor confidence, people familiar with the matter said. The China Securities Regulatory Commission convened a meeting with select brokerages to solicit their feedback, the people said, asking not to be named discussing a private matter. Among measures proposed ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has launched the third batch of the “For Her” programme, in collaboration with Hamdan bin Mohammed Smart University (HBMSU) under the theme ‘Future Capabilities for Inspiring Women’. The programme, which aims to foster capable female leaders who contribute to achieving Dewa’s vision and strategic goals, supports the organisation’s ongoing efforts to ...

CHENNAI / WAM With only 124 days left before COP28 UAE, COP President-Designate Dr Sultan Al Jaber on Friday urged G20 nations to take a leadership role on climate action, and said that their decisions will have an enormous influence on the outcomes for all countries. In a speech at the G20 Climate Sustainability Ministerial Meeting in Chennai, India, Dr ...

BLOOMBERG US stocks futures rallied after strong earnings from Intel Corp, while Asian bonds retreated after Japan surprised investors by loosening its control of market rates. Contracts on the Nasdaq 100 rose as much as 0.8%, with Intel surging 8% in premarket trading as the chipmaker gave a bullish revenue forecast. Advanced Micro Devices Inc and Nvidia Corp added more ...

ABU DHABI / WAM The National Central Cooling Company (Tabreed) released its consolidated financial results for the first six months of 2023, reporting a net profit of AED386.4 million, compared to AED240.4 million during the same period in 2022. In the first half of the year, Tabreed’s revenue increased by 9.4% YoY to AED1.067 billion, from AED975.7 million in H1 ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Dina Boluarte of the Republic of Peru on the occasion of her country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday received condolences on the passing of Sheikh Saeed bin Zayed Al Nahyan from Their Highnesses the Rulers of the Emirates and members of the Federal Supreme Council, in addition to overseas delegations and senior officials. His Highness received condolences from HH Sheikh Hamad bin ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan performed the funeral prayer on Thursday for the late Sheikh Saeed bin Zayed Al Nahyan, at Sheikh Sultan bin Zayed the First Mosque in Abu Dhabi. Also present at the prayer were Their Highnesses the Sheikhs of the Al Nahyan family. The worshippers prayed to God to ...

DUBAI / GULF TIME The Arabian Business Academy held a forum for entrepreneurship and investment in global stock exchanges under the supervision and leadership of the Chairman of the Board of Directors of the Academy, the financial and technical analyst, Mr. Abdul Rahman Al-Asfar, at the Palazzo Versace Hotel in Dubai, in the presence of a large number of dignitaries, ...

ABU DHABI / WAM The UAE has welcomed the start of the United Nations implementation of its plan to unload oil from the tanker FSO Safer off the coast of Yemen in the Red Sea, which posed a major threat to the marine environment, international navigation and global trade. The Ministry of Foreign Affairs (MoFA) commended the international efforts and ...