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 Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said the comprehensive economic partnership agreements (CEPA) signed by the UAE with India, Israel and Indonesia in the first half of 2022 will help grow the national economy by 2.6 percent by 2030. In his statement to the Emirates News Agency (WAM), he ...

  Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) on Monday signed a memorandum of understanding (MoU) with GE Digital to accelerate the digital transformation of the emirate’s manufacturing sector by leveraging innovative solutions to strengthen the UAE’s position as a global hub for the Fourth Industrial Revolution (Industry 4.0). The agreement was signed by Sameh ...

  Bloomberg Russia’s seaborne crude exports in the seven days to July 1 rebounded from the previous week’s plunge, but shipments to Asia are slipping, even as flows are diverted to the country’s Black Sea terminal to cut the voyage distance to India. Aggregate crude flows from Russian ports were up week-on-week by 23%, recovering most of the volume lost ...

  Bloomberg Natural gas in Europe rises to the highest level in almost four months as planned strikes in Norway threaten to further tighten a market that’s already reeling from Russia’s supply cuts. Benchmark futures, which have more than doubled this year, surged as much as 10% on Monday. About 13% of Norway’s daily gas exports are at risk amid ...

Negative oil prices were one of the craziest moments ever in the energy market. At one point in April 2020, a seller paid a buyer $40 for a barrel of West Texas Intermediate. We’re going to need another crazy moment if Europe is going to make it through the winter. How about this: Pay consumers not to consume electricity. A ...

Les Maisons is a low-rise development of just 14 units coming up on Nassim Road, a leafy street nestled between the bustling shopping district of Orchard Road on one end and the expansive quiet of the Singapore Botanic Gardens on the other. As Business Insider described it, Nassim is the Lion City’s very own Beverly Hills. And right now, property ...

  Societies can suffer from famines of the mind as well as famines of the belly. Ideas wither on the vine; plants turn into husks; fields lie fallow; and before long the economic growth that ultimately feeds on the imagination stalls. This is what is happening to the world’s imaginative life, most notably in the West, which since the days ...

  Four months of fighting in Ukraine has brought staggering levels of destruction, from bridges to homes, hospitals and shopping malls. A recent estimate from the head of the European Investment Bank put the cost of rebuilding at more than $1 trillion. With millions of citizens displaced and the country’s infrastructure in ruins, Ukraine will be unable to support itself ...

Bloomberg After a dismal first six months, things are finally looking up for initial public offerings in Hong Kong as several large Chinese firms line up to list in Asia’s financial hub in the second half. Battery materials producer Tianqi Lithium Corp just opened its books for what is set to be the city’s first billion-dollar deal this year while ...

  Bloomberg Advanced Info Service Pcl, Thailand’s biggest mobile phone operator, plans to expand its network by acquiring Triple T Broadband Pcl and an infrastructure fund for a total of 32.4 billion baht ($908 million). The Bangkok-based company will buy internet provider Triple T from Jasmine International Pcl for 19.5 billion baht, Chief Financial Officer Tee Seeumpornroj said. It will ...