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

BLOOMBERG The yen weakened to its lowest since November against the dollar as traders shifted their focus from a hawkish Federal Reserve to Friday’s Bank of Japan (BOJ) policy decision. The relatively hardline stance from Fed officials stands in sharp contrast to BOJ policymakers who have stuck with monetary easing even as most global peers tighten, a disparity that favors ...

BLOOMBERG Stocks retreated on Thursday, with sentiment subdued by the Federal Reserve’s hawkish tone and weak economic data from China. Futures for US benchmarks slid after Chairman Jerome Powell said nearly all Fed officials expected it would be appropriate to raise interest rates “somewhat further” this year following the pause. The tech-heavy Nasdaq 100 was set to trim some of ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Chad’s interim president, Mahamat Idriss Deby, have witnessed the exchange of a number of agreements and memoranda of understanding between the UAE and Chad in various fields aimed at advancing bilateral cooperation. The agreements and MoUs – which were signed at Al Shati Palace – included the ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court and Owner of Manchester City FC, today received at Qasr Al Watan Pep Guardiola, Manager of Manchester City FC, and Khaldoun Khalifa Al Mubarak, Chairman of the Executive Affairs Authority and Chairman of the Board of Directors of ...

HANOI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, discussed with Pham Minh Chinh, Prime Minister of Vietnam, bilateral cooperation ties and ways to enhance them in various domains, including economic, trade and investment. During the meeting, which comes within the framework of Sheikh Abdullah’s work visit to Hanoi, the UAE Minister of Foreign Affairs ...

DUBAI / WAM The Digital School, one of Mohammed bin Rashid Al Maktoum Global Initiatives, has inaugurated 66 new digital learning centres in the Islamic Republic of Mauritania. These centres were established in collaboration with the Emirates Red Crescent (ERC) as part of the Digital School’s initiatives aimed at disseminating digital education skills and solutions in the Arab region. The ...

ABU DHABI / WAM Mohamed Ibrahim Al Hammadi, the Emirates Nuclear Energy Corporation’s (Enec) Managing Director and Chief Executive Officer, has received the Presidential Citation from the American Nuclear Society (ANS). The award was presented during the 2023 ANS Annual Meeting, taking place in Indiana, USA. The Presidential Citation award was presented to Al Hammadi during the President’s Plenary Session ...

ABU DHABI / WAM Maqta Gateway, the digital arm of AD Ports Group and part of the digital sector, has signed a service level agreement with the General Administration of Customs – Abu Dhabi and the Abu Dhabi Department of Economic Development (Added). The agreement aims to provide digital customs services through the Advanced Trade and Logistics Platform (ATLP), specifically ...

ABU DHABI / WAM Savings Deposits in the banking sector in the UAE, excluding interbank deposits, exceeded AED263 billion at the end of March 2023, according to the latest statistics from the UAE Central Bank. The central bank’s statistics showed that Savings Deposits increased by 7.4 percent on a monthly basis, or AED18.1 billion, to reach AED263.14 billion at the ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a written letter to Mohamed Bazoum, President of the Republic of Niger, which included an invitation to COP28, which will be held in Expo City Dubai this November. The letter was delivered by Rashid Saeed Al Shamsi, UAE ambassador to Chad and Non-Resident ambassador to ...