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

BLOOMBERG Stocks dropped as global markets responded to Federal Reserve commentary that was more hawkish than expected. UK government bonds fell. European and Asian stocks saw broad declines, while contracts on the S&P 500 pointed to a continuation of the losses on Wall Street. In the UK, yields on 10-year government bonds climbed to the highest since the gilts crisis ...

ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received on Thursday, Akio Isomata, ambassador of Japan to the UAE, and his accompanying delegation. During the meeting, they discussed ways to develop ties between the UAE and Japan in various fields, especially in the defence and military domains to serve the interests of their ...

ABU DHABI / WAM Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has agreed to cooperate with the European Food Safety Authority (EFSA) to enhance scientific cooperation and dialogue in data collection and data sharing related to risk assessment. The agreement was signed remotely by Saeed Al Bahri Al Ameri, Director-General of Adafsa, and Dr Bernhard Url, Executive Director of ...

BLOOMBERG Passengers on cash-strapped SpiceJet Ltd are experiencing the most flight disruptions in India, the world’s fastest-growing aviation market. With the busy summer travel season arriving, only 61% of SpiceJet’s flights departed on time from the country’s four biggest airports — Mumbai, Delhi, Bengaluru and Hyderabad — in May, according to the Directorate General of Civil Aviation. That’s down from ...

BLOOMBERG Adidas AG said Amanda Rajkumar will step down from the executive board after deciding not to extend her term, leaving the company facing a fresh diversity challenge. Rajkumar joined Adidas as head of global human resources, people and culture at the beginning of 2021, and is the only woman on the board. She’s also the latest senior woman to ...

ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, spoke by phone with US Secretary of State Antony J. Blinken, to discuss the strategic bilateral relations as well as joint cooperation and partnership in various fields. During the conversation, H.H. Sheikh Abdullah bin Zayed treasured the support extended by the friendly US for the ...

DUBAI / GULF TIME On July 2, local time, hosted by Shaoxing City People’s Government, organized by Shaoxing City Economy and Information Technology Bureau and Shaoxing City People’s Government Foreign Affairs Office, Shaoxing UAE Chamber of Commerce, 2023 UAE economic and Trade Cooperation Promotion Conference was held in Shangri-La Hotel, Dubai. Shaoxing City held this Promotion Conference to actively participate ...

VIENNA / WAM Suhail bin Mohammed Al Mazrouei, UAE Minister of Energy and Infrastructure, has affirmed that voluntary oil output cuts by Opec and non-Opec producers have contributed to ensuring global oil market stability and balance in market fundamentals between supply and demand. In statements to the Emirates News Agency (WAM), on the sidelines of the 8th Opec International Seminar, ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today spoke by telephone to Rishi Sunak, Prime Minister of the United Kingdom. The two leaders reviewed the historical relationship between the UAE and the UK and discussed ways to further drive progress under the “Partnership for the Future”, established in September 2021. Both sides also ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) has taken a significant step towards expanding economic cooperation between the UAE and Israel by signing a Memorandum of Understanding (MoU) with the Manufacturers’ Association of Israel (MAI). The agreement was signed by Chief Government and Corporate Relations Officer of Rakez, Yaser Abdulla Al Ahmed, and Deputy CEO of ...