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

  DUBAI / WAM Emirates Health Services (EHS) announced that it has won the Smart Government Awards 2022 for Digital Government Content, announced by the International Excellence Foundation, which works to advance e-government and smart government websites from its base in Florida, USA. The win was announced at an awards ceremony held on 29th June at M?venpick Grand Al Bustan ...

  Abu Dhabi / WAM Etihad Airways celebrated the arrival of its new Airbus A350-1000 in the United States following the inaugural commercial flight from Abu Dhabi International Airport (AUH) to New York’s John F. Kennedy International Airport (JFK) on June 30. The aircraft, which accommodates 371 passengers, is one of five new Airbus A350s to join Etihad’s fleet this ...

  Bloomberg Natural gas prices in Europe headed for the longest streak of weekly gains this year as a prolonged shutdown of a key export facility in the US further tightens a market that’s already reeling from Moscow’s supply cuts. Benchmark futures rose as much as 6.1% to advance for a third week. The Freeport LNG project now plans to ...

  Bloomberg Russia’s oil output is edging back toward pre-war levels, and a revival in large and small refineries scattered across the country is a major driver of the change. The trend is another example — from rising oil-product exports to higher prices for Urals crude — of how Russia’s energy industry is adapting to trade restrictions imposed after its ...

  Bloomberg About half of South Africa’s record electricity outages this week have been caused by employees staying away from work during illegal protests, the head of the state power utility said. Eskom Holdings SOC Ltd. was forced to implement Stage-6 power outages — equivalent to cutting 6,000 megawatts from the grid — because of disruptions that have lasted a ...

  Bloomberg Copper sinks below $8,000 a ton, hitting its lowest since early 2021, as deepening fears about a global economic slowdown drive a rout in industrial metals. The metal, widely considered a barometer of the world economy, slumped as much as 3.6% to $7,959 a ton in London, extending losses after its worst quarter in a decade. Investors appear ...

  Bloomberg Sweden’s H2 Green Steel took a vital step toward building its first facility in the north of the country after receiving the go-ahead from a local court. The main permit was for construction of the plant, the Land and Environmental Court in Umea said in a statement on Friday. It also granted approval for rerouting a stream, while ...

It’s a sobering thought that, even after all the central bank wailing and gnashing about inflation, the European Central Bank (ECB) has yet to increase the official deposit rate from the negative 50 basis points it’s been stuck at for almost three years. When policy makers meet later this month, they should follow the example of peers elsewhere by implementing ...

Heinz canning baked beans in Tesco is only the start of the supermarket food fights. But this is one battle that Britain’s biggest retailer can win. US grocery giant Kraft Heinz Food Co has temporarily stopped supplying Tesco Plc with most of its products, including ketchup and baked beans, after the grocer said it would not pass on “unjustifiable price ...

  Since early 2020, the US has been under an official public-health emergency. In July, after 30 months, it is scheduled to end. One unanticipated consequence is that millions of Americans could lose their health insurance. The root of the problem is the extraordinary spending spree Congress embarked on to address the pandemic. As Covid-19 spread and businesses shut, a ...