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 net investments of non-Arab foreigners in local stocks rise to over AED15.54 billion since the start of 2022, in light of the UAE’s investment attractiveness and the strong performance of listed companies, supported by the strength and robustness of the country’s economic foundations. According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors ...

  Dubai / WAM The Department of Planning and Development — Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, completed about 16,000 transactions through its Licencing Department during the first half of 2022, registering a growth of 22 percent as against the same period last year. The Licencing Department provides corporate licencing services to local and ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced that its High-Water Usage Alert service has helped to reduce 217,370 tons of carbon emission since its launch three years ago and until June 30. These reductions were from identifying 1,062,781 water leakage reports, 23,199 defects, and 11,566 cases of increased load. The service sends instant notifications to ...

  Dubai / WAM Emirates has announced that its flagship A380 service will be introduced for the first time to Bengaluru from October 30 to serve its customers on the busy route. Emirates became the first airline to operate scheduled passenger services utilising the A380, the world’s largest commercial aircraft in service, at Bengaluru’s Kempegowda International Airport. The aircraft upgrade ...

  SHARJAH / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) operator, has announced the launch of its direct flights from Sharjah to the city of Milan in Italy. The new direct flights will connect Sharjah International Airport with Milan Bergamo Airport with four weekly flights starting from December 7. Adel Al Ali, ...

  Abu Dhabi / Gulf Time Khalifa University of Science and Technology, a consistently top-ranked research-intensive university based in Abu Dhabi, has developed a new method to manufacture customised glasses using 3D printing that could help people with colour blindness. Colour Vision Deficiency (CVD) is an inherited ocular disorder that manifests itself in limiting the retina cones’ ability to transmit ...

  ­­­Bloomberg The German government struck a deal with energy companies to import liquefied natural gas through two new terminals in an effort to alleviate a supply crunch that’s crippling the economy. Economy Minister Robert Habeck signed a memorandum of understanding with Uniper SE and RWE Supply & Trading GmbH, which will operate the floating terminals in Brunsbuettel and Wilhelmshaven, ...

In 2001, Silvio Berlusconi was running for prime minister and produced what became a symbol of an epoch. On prime-time national TV, he signed his political manifesto promising to cut taxes, increase pensions and carry out a massive investment program. He went on to win that election and remained a central figure in Italian politics until the euro crisis forced ...

Singapore’s property market is in the throes of a 2008-type mania, with landlords squeezing tenants for the last possible cent. The previous bout of frenzy ended with the collapse of Lehman Brothers. This time, too, stratospheric apartment rents will return to earth, though the process is unlikely to be as swift as the city-state’s expat community might hope for. Among ...

  Does an industrial-sized dog whistle go off when advocates boast about cryptocurrency’s ability to evade US government sanctions? Back in March, a founder of Tornado Cash — a so-called “mixer” service that masks cryptocurrency transactions by mixing them with others — told Bloomberg it would be “technically impossible” for sanctions to be enforced against decentralised protocols. Surprise: Tornado has ...