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 Reach Campaign has revealed that its ’50 Days to Transform 5 Million Lives’ initiative has generated enough funds and commitments to transform the lives of 5 million people at risk of neglected tropical diseases (NTDs). Made possible by the generosity of individuals and corporate partners, the campaign received several million dirhams in donations, which ...
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December, 2021
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15 December
National Bank of Fujairah wins exceptional award
Fujairah / Gulf Time National Bank of Fujairah announced on Wednesday that it won the coveted award “Best Bank in Terms of Digital Banking Services for the year 2021†from the World Union of Arab Bankers (WUAB) for the NBFX Platform. Earlier this year, NBF launched its electronic trading platform NBFX, expanding its digital offerings to include a bespoke ...
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15 December
CBD opens digital lab at DIFC Innovation Hub
Dubai / WAM Commercial Bank of Dubai (CBD) announced the opening of its Digital Lab at the Dubai International Financial Centre (DIFC) Innovation Hub, the region’s largest innovation ecosystem. The CBD Digital Lab was inaugurated by CBD Chairman, Humaid Alqutami, CBD Vice Chairman, Sultan Saeed Al Mansoori, and the Governor of DIFC, Essa Kazim. Senior Executives from CBD including ...
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15 December
Epaa launches ‘A Day in the Reserve’ programme
SHARJAH / WAM The Environment and Protected Areas Authority in Sharjah (Epaa) launched the “A Day in the Reserve†programme, which is distributed over four sites on specific dates, at the Khor Kalba Mangrove Centre, Wasit Wetland Centre, Geological Park in Al Buhais, and Al Muntather Reserve. Taking place until December 23, the programme includes families of different nationalities, ...
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15 December
The gas weapon in a Russia-Ukraine conflict
According to Vladimir Putin, “true sovereignty of Ukraine is possible only in partnership with Russia.†Besides the delicious contradiction there, it shows how far the Russian president’s designs on Ukraine stretch beyond the gas pipelines that fueled previous crises. Yet if Russia does invade Ukraine (again), the effect on energy markets this winter is something Western countries will need ...
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15 December
New year brings new surge in housing Prices
There’s been a discouraging development for renters who gave up on buying a house earlier this year because of dwindling inventory and rising prices, thinking they’d wait until things cooled off: The housing market is surging again. But why is it upshifting during what should be the slowest time of the year? One answer is rising prices in the ...
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15 December
Power spikes are cost of clinging to past in S’pore
Think the cost of electricity in Europe — where fuel shortages and the approach of winter recently drove prices over $200 per megawatt-hour — is crazy? You should check out Singapore. The city-state has seen wholesale prices rising as high as S$2,947 ($2,184)/MWh in October and $1,121/MWh last month. Those levels aren’t even particularly unusual in Singapore’s highly liberalised ...
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15 December
Is China’s surging currency a fake signal?
Although it has been a little wobbly over the past few weeks, the performance of the US dollar this year has been extraordinary. It has strengthened against just about every currency of consequence even though inflation pressures in the US have been worse than expected and the Federal Reserve has done nothing to counter them. Also remarkable is that ...
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15 December
Boeing’s pilot charged in 737 Max crash is a ‘scapegoat’: FAA
Bloomberg Federal Aviation Administration (FAA) officials have approached US prosecutors to warn them that the lone person charged with a crime after the two fatal crashes of Boeing Co’s 737 Max is being made a “scapegoat,†according to a court filing in the case. Statements by the Department of Justice after it indicted Mark Forkner, Boeing’s former chief technical ...
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15 December
Covid-19: UK to scrap hotel quarantines for Southern Africa arrivals
Bloomberg The UK will remove all 11 countries from its so-called Covid-19 red list, paving a way for the reopening of travel to South Africa and other countries just as the peak Christmas season gets underway. The travel bans and hotel quarantine requirements for people arriving from the nations, including Nigeria and Zimbabwe, will be scrapped, Health Secretary Sajid ...
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