The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Abu Dhabi / WAM The UAE economy has quickly survived the economic impact of the Covid-19, with near-term economic growth being strong, underpinned by a rebound in domestic activity, while elevated oil prices support high surpluses in the fiscal and external balances, according to a top IMF official. “Economic growth has been robust this year, led by a strong ...
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December, 2022
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22 December
UAE launches corporate tax public awareness program
Abu Dhabi / WAM The Ministry of Finance (MoF) has launched a Corporate Tax Public Awareness Programme following the issuance of the Federal Decree-Law on Taxation of Corporations and Businesses. The launch of the programme was announced during a media briefing held on Thursday by the ministry to raise public awareness of corporate tax in the UAE and abroad. ...
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22 December
Sharjah’s SRTI Park to up investment in 3D printing
Sharjah / WAM The Sharjah Research, Technology and Innovation Park (SRTIP) is increasing the investment in 3D printing with the goal of promoting innovation in a number of sectors and industries, including the crucial manufacturing sector. With the UAE becoming a global competitor in the field of 3D printing, Sharjah is steadily moving towards taking a frontline position in this ...
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22 December
Etihad marks festive season with special-themed menu
Abu Dhabi / Gulf Time With over 1.5 million passengers expected over the winter break, Etihad Airways, the national airline of the UAE, will be celebrating the festive season in the sky with a special-themed menu and props for guests on board selected flights. Over the festive period, the classic festive themed menu will be available from December 23-25 ...
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22 December
Enoc opens latest compact station in Umm Al Qaiwain
Dubai / WAM Enoc group has announced the opening of its latest compact station in the Al Aqran area of Umm Al Qaiwain. This marks the second compact station opening in the emirate, and the fourth across the UAE this year. The new site has been strategically located to offer greater convenience to motorists, catering to traffic coming to ...
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22 December
flydubai flies 130,000 football fans to Qatar on 1,290 shuttle flights
Dubai / Gulf Time Dubai-based flydubai announced on Thursday that it has enabled more than 130,000 football fans to travel conveniently to take part in the biggest football tournament in the world. The carrier has operated 1,290 flights between Dubai World Central (DWC) and Doha International Airport (DIA) between November 21 and December 19. Passengers from 171 countries travelled ...
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22 December
Airport operator emerges from pandemic with sights on Africa
Bloomberg After emerging from arguably the worst crisis in the history of the airline industry, one of the world’s largest airport operators is starting to see the benefits of a major shakeup and eyeing an expansion into Africa. Corporacion America Airports, a Luxembourg-based company which operates 53 airports in six countries, is bidding for new concessions outside of its ...
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22 December
Ambani’s Reliance to acquire Metro’s India unit for $344 million
Bloomberg Reliance Industries Ltd agreed to buy Metro AG’s Indian unit for 28.5 billion rupees ($344 million) as the nation’s biggest retailer run by billionaire Mukesh Ambani further expands his footprint. Metro will see a transaction gain of about €150 million at closing, and higher earnings per share are anticipated, the company said in a statement. The transaction with ...
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22 December
Under Armour names Marriott’s Stephanie Linnartz as next CEO
Bloomberg Under Armour Inc picked Marriott International Inc’s Stephanie Linnartz to be the sportswear company’s new chief executive officer. She’ll be tasked with reigniting growth. Linnartz, a 25-year veteran of Marriott who currently serves as the hotel chain’s president, will take over at Under Armour on February 27, according to a statement. She will succeed Patrik Frisk, who stepped ...
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22 December
FedEx profit tops estimates as costs offset shipments decline
Bloomberg FedEx Corp reported fiscal second-quarter earnings that beat analysts’ estimates, lifted by price increases and cost cuts that helped make up for a decline in package volume. Shares of the delivery giant rose after the company announced an additional $1 billion of projected savings in fiscal 2023, bringing the total to about $3.7 billion. Earnings totalled $3.18 a ...
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