The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

  Bloomberg The key issue that almost triggered the first US railroad strike in 30 years and threatened to hobble the economy wasn’t wages, but sick leave, highlighting broadening worker demands in a tight labour market. Union leaders and railway companies agreed on a deal that includes language allowing workers to take time off for doctor appointments, hospitalisation or surgeries, ...

DUBAI / GULF TIME ARUNIMA MISHRA The world’s most advanced metabolic fitness platform, Ultrahuman, is now embarking on a great start in the UAE. Started by Mohit Kumar and Vatsal Singhal in 2019 in India, while super sports enthusiast Anwar Shaikh brought the metabolic platform to the UAE.
“The UAE is a great launchpad for international expansion for it is home ...

Bloomberg As the latest iPhone hit stores, Apple Inc is counting on well-heeled shoppers to make the device a hit during a year of roaring inflation and shaky technology spending. The iPhone 14 lineup reserves the best features for the high-end Pro models costing at least $1,000. And based on preorder data, the strategy is already working with consumers, who ...

  Bloomberg SpaceX wants to show the world its Starlink satellite system can deliver Netflix and YouTube at 30,000 feet. So it recently held a demo for the media aboard a jet operated by its first airline customer, regional carrier JSX. The short jaunt from Burbank to San Jose, California marks the start of Elon Musk’s bid to seize in-flight ...

  Bloomberg It was a bit surprising when Cruise, the autonomous vehicle startup that’s 80% owned by General Motors, said it planned to expand its robotaxi service to Phoenix and Austin over the next three months. The company had just recalled a previous version of its self-driving software that was in use when a car got in an accident with ...

  JEDDAH / WAM The Kingdom of Saudi Arabia announced the discovery of new sites for gold and copper ore deposits in the Madinah region. According to the Saudi Press Agency (SPA), the Saudi Geological Survey, represented by the Survey and Mineral Exploration Centre, said that the discoveries of gold ore were within the boundaries of Aba Al-Raha, the shield ...

  Bloomberg Oil edged higher in uneven trading, remaining within a narrow price band as traders weighed a souring US economic outlook against risks of supply disruptions from Russia. West Texas Intermediate futures traded near $86 a barrel, struggling to hold onto gains while under pressure from equity markets. Equities slid as Fedex Corp. withdrew an earnings forecast, in what ...

  NEW DELHI / WAM India has signed a Memorandum of Understanding (MoU) with the Gulf Cooperation Council (GCC) Secretariat on the “mechanism of consultations” between the two sides. The MoU was signed between India’s Minister for External Affairs Dr S Jaishankar, and the GCC Secretary-General Dr Nayef Falah Mubarak Al-Hajraf. India’s Ministry of External Affairs said, “both sides reviewed ...

  South Korea / WAM South Korea wants to strengthen its relations with the Middle East with a focus on high-tech industries, according to Seoul’s top diplomat. “In the Middle East, we hope to deepen cooperation in high-tech industries,” said Park Jin, Foreign Minister of the Republic of Korea, while hosting a dinner for invited guests, during Jeju Forum for ...

  DUBAI / WAM Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, has received an impressive satisfaction rating of 93 percent in the Customer Satisfaction Survey (CSS), during the first half of 2022. All programmes and courses received a high rating in the customer satisfaction survey, conducted by Ipsos, in ...