The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
DUBAI / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has announced the launch of the “One Billion Meals†campaign to secure food aid for vulnerable communities in 50 countries. Organised by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), the campaign is an expansion of the UAE’s ...
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March, 2022
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11 March
UAE announces $85m aid to Horn of Africa
NEW YORK / WAM The United Arab Emirates announced a commitment of $85 million to support humanitarian operations in Ethiopia. In coordination with the Famine Relief Fund, the contribution will be disbursed to several agencies, including the World Food Programme (WFP), the International Committee of the Red Cross (ICRC), the United Nations Children’s Fund (UNICEF), and the United Nations High ...
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11 March
Making Mother’s Day 2022 a reminder of her love, sacrifice
Abu Dhabi / Gulf Time Malabar Gold & Diamonds, one of the largest jewellery retailers globally with a strong retail network of over 280 outlets spread across 10 countries celebrate Mother’s Day by launching an exclusive jewellery collection that can be gifted to mothers as a shimmering tribute to their selfless love. Arab Mother’s Day is celebrated on March ...
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11 March
Ukraine’s fate depends on Russians’ ‘choice of truth’
Russians are facing a psychological conundrum all human beings confront every day, but at a far more consequential level. It is this: How much will they choose to know, or deliberately not know? Their answer may decide the course of history. If the war of aggression by Russian President Vladimir Putin against Ukraine is the world’s most urgent problem, the ...
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11 March
Amazon’s stock split delivers buzz only
Investors shouldn’t get overly excited about stock splits. In most cases, they don’t amount to much. After the close of regular trading, Amazon.com shares surged as much as 10% after the internet giant announced plans for a 20-for-1 split. The company also said it would buy back up to $10 billion of its stock. Companies that do stock splits make ...
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11 March
Strip malls may solve US’s housing crisis
Forget the open road. The true emblem of the contemporary United States is the “stroad†— those high-volume, hybrid arteries that are not quite walkable streets, not quite high-speed roads. Lined on both sides by parking lots and strip malls, they are the commercial lifeblood of conventional suburban development. They may also be the answer to America’s housing affordability ...
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11 March
Russia sanctions’ web can snarl China too
It’s a future investors in China must learn to live with: The expanding list of Chinese companies subject to US sanctions or procurement controls. As the US and European Union impose sweeping economic penalties on Russia over its invasion of Ukraine, China Inc can easily become collateral damage, too. The US government has already put Beijing on notice. US ...
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11 March
Citi’s sale of Russian consumer unit stalls
Bloomberg Citigroup Inc, in the midst of overhauling its businesses in Russia when the country went to war, has seen efforts to sell a consumer-banking unit there stall and is helping some employees transfer abroad. The moves show how Vladimir Putin’s invasion of Ukraine has quickly made the future less certain for many of Citigroup’s roughly 3,000 workers in ...
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11 March
US futures, Europe stocks fall amid inflation concern
Bloomberg Equity-index futures and European stocks fell amid concern US inflation may have accelerated for a sixth month, with investors turning to the European Central Bank to gauge policy makers’ response to the war in Ukraine. Contracts expiring this month on the S&P 500 and Nasdaq 100 indexes slid at least 0.2% each after US stocks posted the biggest ...
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11 March
Bitcoin drops below $40,000 as optimism on Biden order fades
Bloomberg Bitcoin dropped back below $40,000, erasing almost all the gains sparked by optimism about US President Joe Biden’s executive order to put more focus on the crypto sector. The largest cryptocurrency declined as much as 7.2% to $38,894, falling for the first time in three days. Ether dropped as much as 5% to $2,574. Most of the top ...
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