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

BLOOMBERG Investors in carbon offsets are sounding the alarm as millions of tainted units look set to enter the market. A plan by a Belarusian trade group to sell 2 million Russian carbon credits from a defunct United Nations programme has been slammed by climate experts and trading veterans. The worry now is that such offsets, known as emissions reduction ...

BLOOMBERG The market for yen bonds from global firms is hotter than it’s been in years, providing money managers with an oasis as rates volatility soars. Investors have scooped up yen debt from issuers outside Japan, fueling the busiest July since 2018. Deals have included Canada’s Toronto-Dominion Bank, Korea Investment & Securities Co and France’s BPCE SA, which priced the ...

BLOOMBERG European bonds gained and the euro plunged versus the dollar after a sharp decline in manufacturing and services gauges from the common-currency region fanned concerns about the faltering global economy. Stocks were lackluster at the start of a week packed with major central bank policy decisions and corporate earnings, as investors fretted about the magnitude of further interest rate ...

ROME / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Sunday had discussions with Tunisian President Kais Saied, Lebanese Prime Minister Najib Mikati, President of the European Commission Ursula von der Leyen, and European Council President Charles Michel, in separate meetings on the sidelines of the International Conference on Development and Migration which took place in ...

ROME / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan participated on Sunday in the International Conference on Development and Migration, which took place in the Italian capital, Rome. The conference was inaugurated by Giorgia Meloni, Prime Minister of Italy, in the presence of heads of state, government ministers, and representatives of regional and international organisations concerned ...

AMDJARASS / WAM A UAE aid aircraft has arrived in Amdjarass, Chad, carrying food parcels sent by the Emirates Red Crescent (ERC), the Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation and the Khalifa Bin Zayed Al Nahyan Foundation, in coordination with the Ministry of Foreign Affairs. The shipment was received by representatives of UAE humanitarian organisations. Dr Ahmed ...

SHARJAH / WAM The Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad), affiliated to the Sharjah Economic Development Department, has approved the financing of three projects after studying the feasibility of 15 requests for funding in various sectors between April and June. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of the Sharjah Economic Development Department, praised the facilities and exemptions provided ...

DUBAI / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications and Director-General of the Prime Minister’s Office, affirmed that the UAE, guided by the visionary leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the proactive approach of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice ...

BLOOMBERG Urban air-taxis can begin service over US cities as soon as 2028 by largely adhering to existing flight rules for helicopters and other low-altitude aircraft, according to federal regulators. The Federal Aviation Administration (FAA) timeline is three years beyond the agency’s initial goal of certifying the first of such aircraft by 2025. During initial phases, the taxis will have ...

BLOOMBERG Tata Group plans to build a £4 billion ($5.2 billion) battery plant in the UK to supply electric vehicles made by Jaguar Land Rover Automotive Plc, in a win for Britain’s struggling car industry. JLR and Tata Motors Ltd will be anchor customers for the plant capable of providing 40 gigawatt hours worth of batteries with supplies starting from ...