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

  Dubai / WAM Al Jalila Foundation, a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives, dedicated to transforming lives through medical innovation, announced that it has received the first donation in cryptocurrency at an equivalent value of $16 million to support Hamdan Bin Rashid Cancer Charity Hospital. The donation, the first of its kind in the UAE, ...

  Dubai / WAM Dubai’s Department of Economy and Tourism (DET) has announced that the city will host the inaugural Dubai Esports Festival (DEF 2022) from November 9-20 at Dubai Exhibition Centre at Expo City Dubai. DEF 2022, which will be hosted in partnership with VSPN, a global leader in esports total solutions, will be the first international leisure event ...

  Dubai / WAM DXB LIVE, the integrated event management and organisation services arm of the Dubai World Trade Center (DWTC), announced substantial growth in business during the first half of this year achieving an increase of 10 percent from 2019 prior to the global pandemic. Activities and services relating to events organised at the DWTC resulted in record high ...

  Dubai / WAM Emirates, the world’s largest international airline, carried more than 10 million passengers on nearly 35,000 flights to 130 destinations this summer. The airline also ramped up operations to serve customer demand during this busy period, reinstating daily services to London Stansted, and increasing flights to 33 cities on popular routes across Europe, Asia, and the Middle ...

  Mauritius / Mumbai / Gulf Time In one of the largest post-pandemic M&A deals in India, Essar announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS) for certain Ports and Power infrastructure assets which are primarily captive to Hazira steel plant operations. The deal also envisages a 50-50 joint venture partnership, for building a 4 MTPA LNG terminal ...

Mikhail Gorbachev failed at everything he tried as the Soviet Union’s last leader. The state he led could only change the world for the better by failing — and it did. But, alas, not for long. I will never forget the moment in August 1991 when — at 19 years old, slightly stoned and very much in love — I ...

Since the start of the pandemic, online learning has become far more common — and so have online examinations. Typically, the examination software also proctors the test, observing with the student’s own camera. Does this process violate the Constitution? A federal judge in Ohio decided last week that at least in some circumstances, the answer is yes. The court’s impeccable ...

  Home price appreciation is slowing fast across the country under the weight of higher mortgage rates, with typical property values even falling month-over-month in about a fifth of major metro areas in July. Clearly, the slowdown is necessary if Federal Reserve policy makers are going to cool inflation and restore affordability to the housing market. The challenge is to ...

  Federal Reserve Chair Jerome Powell’s dream of a miraculous and pain-free labor market disinflation just faced a surprise setback. Powell wants the number of job openings to decline to cool wage pressure, but a Labor Department report showed it’s starting to move in the wrong direction. Powell shouldn’t be betting the house on his scenario, and chances are that ...

  Bloomberg Jet Airways India Ltd. is in advanced talks to order about 50 Airbus SE A220 aircraft, according to people familiar with the matter, marking what could be a fresh beginning for the bankrupt carrier that’s attempting to make a comeback. Deliveries of the new aircraft will start in 2025, the people said, asking not to be identified because ...