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

BLOOMBERG Zambia’s currency and dollar bonds traded near multi-month highs, having chalked up double-digit gains so far this month on expectation that the nation was about to clinch a debt restructuring deal with official creditors, possibly as soon as Thursday. The kwacha has strengthened 11.4% this month, the biggest gain among about 150 currencies tracked by Bloomberg, rising to approach ...

BLOOMBERG Stocks slumped with US equity futures as policy tightening fears from the US to Norway to the UK hobbled the market’s bull run. All industry subsectors fell into the red in Europe, where the region’s main equity gauge fell 1%, extending declines to a fourth day. Contracts for the S&P 500 and Nasdaq 100 pointed lower following a selloff ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No (27) of 2023 on the promotion and retirement of local military personnel in Dubai. The Decree seeks to ensure transparency, fairness and merit-based promotions in the military. His Highness also ...

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) announced on Wednesday that it has entered into a definitive agreement to acquire Sustainable Water Solutions Holding Company (SWS Holding). Under the terms of the agreement, Taqa will acquire all outstanding shares of SWS Holding for AED1.7bn, with 50% of the consideration to be paid upon completion and the remaining ...

ABU DHABI / WAM The UAE Athletics Federation is organising the first international meeting for best practices in the field of athletics, in cooperation with the Asian Athletics Association, the Dubai Police General Command and the Dubai Sports Council. The meeting will take place on June 23 at the Museum of the Future in Dubai and will be attended by ...

SHARJAH / WAM The UAE Ministry of Finance (MoF) on Wednesday  held a public awareness session on Critical Corporate Tax Decisions in Sharjah to clarify and discuss the key features and implications of the most important Cabinet and Ministerial Decisions relating to the implementation of the Corporate Tax Law. The session was organised in collaboration with Sharjah Chambers of Commerce ...

DUBAI / WAM Global Village, one of the largest cultural parks in the world and a leading family destination for culture, entertainment, and shopping in the region, has topped the list of most visited destinations in the UAE. This is according to a new report by YouGov, a research and consulting firm. The report, which surveyed 2,000 people from the ...

ABU DHABI / WAM Abu Dhabi Municipality and several key partners successfully organised the Rabdan City Assembly (Nshawerkom Initiative) at the Rabdan Council. The assembly aimed to strengthen municipal presence, engage community members and organisations and encourage their active participation in the growth and preservation of the emirate. The partners include the Abu Dhabi Police, Abu Dhabi Waste Management Company, ...

ABU DHABI / WAM Hayatna, UAE’s home-grown brand, and National Trading and Developing Enterprises (NTDE), have come together to further boost the distribution of their remarkable products to consumers in the UAE. Hayatna, a leading brand in UAE, is known for its wide array of offerings such as fresh dairy products, organic juices, ethnic range, and other innovative products. By ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has welcomed a delegation from the Hong Kong Ambassadors Club to strengthen cooperation with Dewa and learn about the best global practices in smart city technologies, the Internet of Things (IoT), smart logistics, big data, robotics, renewable and clean energy, supply chain and ...