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

  DUBAI / WAM The organisers of the World Green Economy Summit (WGES) invite those interested in attending to register on the summit website so they can participate in the activities, high-level seminars, panel discussions and youth circles held during the 8th WGES. Dubai Electricity and Water Authority (Dewa) and the World Green Economy Organisation (WGEO) are organising WGES under ...

The reduction in Hong Kong’s mandatory hotel quarantine period to three days from seven will come as a welcome relief to many in a pandemic-weary population. Whether it will do much to revive the financial centre’s international competitiveness is far more doubtful. In a world where most of its rivals abandoned Covid curbs months ago, the city still looks like ...

I am writing this from Amritsar, India, in the state of Punjab. The Sikh Golden Temple here is one of India’s leading attractions, and recently I shared space with thousands of people over the course of four or five hours. In that time, I saw only two people who might qualify as White Westerners. That simple observation — and my ...

  Pfizer continues to spend its Covid windfall wisely. The pharma company said it would spend $5.4 billion to buy Global Blood Therapeutics (GBT), which has one approved drug to treat sickle-cell disease and two more in development. It’s a smart deal for both companies. Pfizer can put needed marketing muscle behind GBT’s products. In return, Pfizer will be able ...

  We now know that the Justice Department and the Federal Bureau of Investigation have an active interest in Donald Trump because Trump told us so. “My beautiful home, Mar-A-Lago in Palm Beach, Florida, is currently under siege, raided, and occupied by a large group of FBI agents,” Trump said in a rambling statement. “They even broke into my safe!” ...

Bloomberg Boeing Co is poised to resume deliveries of its 787 Dreamliner jets as soon as August 10, almost two years after they were disrupted by manufacturing flaws. The first is set to go to American Airlines Group Inc now that US regulators have cleared the Arlington, Virginia-based planemaker to restart deliveries. The carrier plans to take the Dreamliner, its ...

  Bloomberg Thai Airways International Pcl will receive key financial support from the government for its 80 billion baht ($2.3 billion) capital raising and debt-to-equity swap plan aimed at helping the state-controlled carrier come out of its pandemic-induced bankruptcy. State-owned banks will lead in funding new loans, converting debt and injecting equity capital into Thai Air as part of a ...

Bloomberg Whole Foods Market co-founder John Mackey is planning a second act when he retires from the Amazon-owned grocer next month: building a chain of plant-based restaurants and wellness centres that offer fitness and spa services. Corporate records list Mackey, 68, as a partner in Healthy America LLC, a startup that raised about $31 million from investors earlier this year ...

Bloomberg Britons booking a break in some of Europe’s most popular holiday destinations this summer are seeing airfares climb by almost a third amid booming demand, high oil prices and curbs on airline capacity. Fares in the first week of August, the peak month for UK travel, were up 30% on average for the top 36 routes compared with pre-pandemic ...

  Bloomberg Hong Kong’s move to reduce mandatory hotel quarantine for international travellers isn’t enough to bring back tourists, according to Association of Asia Pacific Airlines Director General Subhas Menon. “It’s not time to bring out the bubbly,” Menon, whose group represents 14 Asia Pacific carriers including Cathay Pacific Airways Ltd said in an interview with Bloomberg Television. “It’s always ...