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 tourism sector performed outstandingly in 2020 despite the impact of the Covid-19 pandemic, revealed by the Ministry of Economy, noting that the sector was among the least affected and fastest to recover around the world. The UAE recorded a 54.7 percent hotel occupancy rate in 2020 — the second highest in the world behind ...
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April, 2021
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11 April
Boeing needs to check hundreds of 737 Max jets
Bloomberg Boeing Co will need to inspect hundreds of undelivered 737 Max jets for a potential flaw in their electrical power systems, said people familiar with the matter. About 450 Max planes built since early 2019 could potentially require repairs, a total that includes about 90 aircraft in commercial operation, said the people, who asked not to be named because ...
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10 April
UAE records world’s second highest hotel occupancy rate
Abu Dhabi / WAM The UAE tourism sector performed outstandingly in 2020 despite the impact of the Covid-19 pandemic, revealed by the Ministry of Economy, noting that the sector was among the least affected and fastest to recover around the world. The UAE recorded a 54.7 percent hotel occupancy rate in 2020 – the second highest in the world behind ...
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10 April
UAE rewrites region’s scientific history
Mohammed Jalal Al Rayssi Director-General of WAM Abu Dhabi / WAM With the announcement of the selection of the second batch of Emirati astronauts, the UAE is rewriting the scientific history of the Arab region and proving that its entry into the space sector was not a coincidence or some type of propaganda. In a new step that translates to ...
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10 April
Sharjah set to host children’s reading festival from May 19
Sharjah / WAM The Sharjah Book Authority (SBA) announced that 12th Sharjah Children’s Reading Festival (SCRF) will be held from May 19 – 29 at Expo Centre Sharjah, in strict adherence to all Covid-19 measures recommended by the UAE health authorities to ensure the safety of participants and visitors. Entitled, ‘For your imagination’, the globally renowned 11-day event will showcase ...
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10 April
FTA, SEDD host second tax workshop for industrial investors
Sharjah / WAM The Federal Tax Authority (FTA) and Sharjah Economic Development Department (SEDD) organised the second virtual tax workshop for investors in the industrial sector. This workshop dealt with the country’s legislation and tax procedures, with the aim of overcoming obstacles that investors may face to provide support to companies and factories operating in the emirate. Also, it highlighted ...
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10 April
Dewa’s Smart Living initiative saves AED52.6 million in 2020
Dubai / WAM The Dubai Electricity and Water Authority (Dewa) has won the 2020 Hamdan Bin Mohammed Programme for the Government Services Flag for its Smart Living initiative, which helps customers monitor their water and electricity consumption digitally and proactively, without needing to contact DEWA. This is a new milestone, reinforcing its track record of accomplishments and awards. Since its ...
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10 April
Covid-19: UAE reports 466,804 total recoveries
Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 237,130 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...
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10 April
One big Chinese lesson for US’s infrastructure plan
If President Joe Biden is planning to transform America’s infrastructure with the $2.25 trillion plan unveiled last week, he could do worse than learn from China. Its spending on roads, rails, bridges, metro systems and telecommunications and new cities since the 2008 financial crisis has transformed the country. A nation that opened its first true high-speed rail line between Beijing ...
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10 April
Xiaomi’s move into EVs is totally sane
Xiaomi Corp’s plans to move into electric vehicles are big, bold and brave. They’re also entirely in keeping with the smartphone company’s business model of developing a brand rather than the hardware it sells. After announcing earlier this month that it will join the long list of those wanting to make cars, the Beijing-based company put a price tag on ...
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