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 Ministry of Economy, represented by The Entrepreneurial Nation, has launched a new initiative to attract Small and Medium Enterprises (SMEs) to the UAE and help promote their growth and local and global expansion. The initiative has been launched in collaboration with Flat6labs, a leading seed and early stage venture capital firm based in Abu ...
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September, 2022
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15 September
Abu Dhabi Business Events Week to kick off on Sept 26
ABU DHABI / WAM The Abu Dhabi Business Events Week (ADBEW) is returning on 26th and 27th September at Manarat Al Saadiyat, once again bringing together leading experts in the meetings, incentives, conventions, and exhibitions (MICE) industry from around the Mena region. Launched by the Abu Dhabi Convention & Exhibition Bureau (ADCEB), part of the Department of Culture and Tourism ...
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15 September
Investopia, Salt announce new strategic partnership
NEW YORK / WAM Investopia, the global investment platform launched by the UAE Government in September 2021, announced a new strategic partnership with SALT, a premier global thought leadership forum, at a ceremony held at SALT New York 2022. The parties signed a Memorandum of Understanding (MoU) outlining collaboration on a joint event to take place next year in ...
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15 September
Miral announces opening of SeaWorld Abu Dhabi in 2023
ABU DHABI / WAM Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, in partnership with SeaWorld Parks & Entertainment, announced it has reached 90 percent construction completion of the next-generation marine-life theme park, SeaWorld Abu Dhabi, Yas Island’s latest mega-development. The development, which is due to open in 2023 as the latest addition to Yas Island’s tourism ...
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15 September
An unarmed Putin wants a culture war with the West
Even as his troops retreated in disarray in eastern Ukraine last week, Vladimir Putin opened a new front in his war against the West: a “battle for cultural supremacy.†The Russian president declared his top foreign policy goal would be to lead a global counteroffensive against the “imposition of neoliberal views by a number of states.†Russia, he claimed, is ...
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15 September
Inflation? Workforce is a bigger problem
The unexpected rise in US inflation is an opportunity to revisit an old debate, which is often a useful exercise. This current bout of inflation has its roots in mistaken assumptions made a decade ago. After the 2008-2009 recession, the recovery in the labor market was notoriously slow. This was commonly blamed on the demand side; monetary and fiscal policy ...
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15 September
Homebuyers might as well take the plunge
A hotter-than-expected inflation report pours cold water on the possibility of lower interest rates from the Federal Reserve any time soon, and by extension, the prospect of lower mortgage rates. The standoff is set to continue between buyers balking at high home prices and potential sellers clinging to their homes that were financed at low mortgage rates. Would-be homebuyers ...
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15 September
Congress won’t let a rail dispute cripple the US
The US transportation system is already starting to feel the effects of a potential rail strike, but any pain will be short-lived no matter how far apart the sides are at a Friday deadline because Congress will not allow supply chains to seize up again. Just after midnight Thursday, rail workers can go on strike or railroad management can ...
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15 September
Swiss shoe brand launches resale site in its green push
Bloomberg The Swiss athletic brand On is launching a resale site, making it the latest company to enter the fast-growing apparel resale market. On Holding AG, which is backed by tennis star Roger Federer, went public last year and expects to see net sales of 1.1 billion Swiss francs ($1.1 billion) in 2022. The company has made sustainability a ...
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15 September
Germany sells full stake in Lufthansa at $760m profit
Bloomberg Germany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during Covid-19 lockdowns. The country’s Economic Stabilization Fund, or WSF, disposed of its remaining 9.92% of Europe’s largest airline via a placement with international investors, according to ...
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