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 leads the way as the strongest and most valuable brand in the Middle East and Africa (Mena) and ranked 18th globally at AED 2.45 trillion ($672 billion), according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy. The ranking places the Emirates at 18th, a rise of two places ...
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November, 2020
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15 November
Noura Al Kaabi tours Dubai Design Week
DUBAI / WAM Noura bint Mohammed Al Kaabi, UAE Minister of Culture and Youth, has visited Dubai Design District, d3, a member of TECOM Group, for a tour of the outdoor installations and exhibitions at Dubai Design Week, the region’s largest cultural event held under the patronage of HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai ...
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15 November
UAE officials participate in Paris Peace Forum
ABU DHABI / WAM Zaki Nusseibeh, Minister of State, led the United Arab Emirates delegation’s participation in the recently concluded Paris Peace Forum. The event is an annual forum that brings together participants from civil society, government, and the private sector to focus on innovative solutions for tomorrow. The UAE delegation also included Yacoub Yousef Al Hosani, Assistant Minister for ...
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15 November
Biden faces an ‘economy’ that’s tired of US antics
The election of Joe Biden as US president has prompted sighs of relief across the world — not least because his White House is expected to be a boon for the international economy. Donald Trump’s erratic behaviour on trade and currencies has weighed on foreign companies and governments while doing little to fulfill his domestic objectives. Even though it’s hard ...
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15 November
How airlines are making money now
With hopes that their season in hell could be approaching an end, airline stocks are on a tear. Shares in Singapore Airlines Ltd jumped the most in 21 years while those in Cathay Pacific Airways Ltd were up the most since 2008 after Singapore and Hong Kong announced the opening of a travel bubble starting from November 22. News of ...
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15 November
Social unrest is legacy of Covid-19 pandemic
“So when our Sickness, and our Poverty Had greater wants than we could well supply; Strict Orders did but more enrage our grief, And hinder in accomplishing relief.†That’s how the British poet George Wither explained a spreading rebellion against social-distancing rules. Seeing quarantines and lockdowns as unfair and tyrannical punishments, people were taking to the streets. The year was ...
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15 November
Reason behind China’s Big Tech regulation
Governments around the world put out consultation papers all the time. But only in China can one vaguely worded, 22-page document on antitrust regulations ignite a $290 billion equity selloff. As investors nurse their wounds, they want to know, why is China regulating Big Tech now? And what exactly does Beijing want? Emerging out of the Covid-19 recession, China got ...
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15 November
Trump’s Pentagon shakeup leaves ‘layers of fear’: Lawmaker
Bloomberg President Donald Trump’s appointment of Christopher Miller, a former Green Beret and White House counterterrorism coordinator, as acting defense secretary raises “two layers of fear,†the head of the House Armed Services panel said. The first is the “incredibly steep learning curve†on global military operations, options and controversies that Miller faces after Trump’s dismissal-by-tweet of Mark Esper as ...
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15 November
IAG to modify Iberia control in meeting Brexit deadline
Bloomberg British Airways parent IAG SA will modify the ownership of its Spanish units as required to comply with European Union rules before the Brexit transition period ends, Spain’s second-ranked transport minister said. London-based IAG has committed to changing the share structure of Iberia, Iberia Express and Vueling by the end of 2020, “making clearer†their control by EU-based investors, ...
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15 November
Target discontinues subscriptions model
Bloomberg Target Corp this month discontinued its subscription service model as shoppers increasingly look for more convenient and flexible delivery options. “The majority of our subscription guests have shifted away from regular deliveries to enjoy the speed and flexibility of our same-day services,†said spokeswoman Jacqueline DeBuse. The company didn’t disclose how much revenue it generated with subscriptions. It’s quite ...
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