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 First Abu Dhabi Bank (FAB) has announced the opening of a new branch in Abu Dhabi Global Market (ADGM), after being granted a license by the ADGM Financial Services Regulatory Authority. Functioning as standalone entity under ADGM rules, the branch’s clientele base includes multinational, regional and local top-tier corporates, financial institutions, including non-banking financial institutions, ...

  Dubai / WAM Emirates has started a new ‘Home Check-in’ service that offers customers the option to check in from home. This service is provided free of charge to Emirates’ First Class customers based in Dubai and Sharjah, where the Check-in Agents will visit their homes or hotels at pre-booked timings to complete all check-in formalities, including document verification, ...

  Dubai / WAM Enoc Link, the digital mobile fuel supply service for businesses and consumers in the UAE by Enoc group, on Thursday revealed its expansion plans for the eLink stations. The eLink station is a mobile fuelling format that enables motorists and customers with easy access and convenient fuelling services. Enoc Link has ambitious plans of opening ten ...

  Bloomberg Russia’s oil-export revenues surged to around $20 billion in May despite shipping lower volumes, as a rally in global energy prices buoyed its coffers, according to the International Energy Agency (IEA). That’s a 11% increase from a month earlier, taking Russia’s total revenue for shipping crude and oil products roughly back to levels before the invasion of Ukraine, ...

  Bloomberg TotalEnergies acquired 49% of Gabonese logging firm Compagnie des Bois du Gabon, the French oil major’s first foray into Gabon’s forestry sector. TotalEnergies, which has been pumping oil in the central African country for more than 80 years and is its leading fuel retailer, said it is joining forces with CBG to develop a new forest management model ...

  The headquarters moves by Caterpillar Inc. and Boeing Co are a sign of how detached the corporate mailbox is becoming from industrial companies’ core manufacturing operations. Caterpillar announced that it would move its global headquarters to an existing office in Irving, Texas — part of the Dallas-Fort Worth area — from its current location in the Chicago suburb of ...

Over a decade ago, Elon Musk scoffed at the idea that China’s BYD Co was a legitimate competitor. Oh, how the mighty have fallen. Now, Warren Buffett-backed BYD is set to wash out its closest rival in China, Tesla Inc. A BYD executive said that his company was “preparing to supply batteries to Tesla very soon.” The potential deal will ...

  There’s a lot of renewed belief that the sky has cleared for Chinese technology companies, and that now’s a good time to jump back into one of the most lucrative investment categories of the past decade. There are also plenty of reasons to remain skeptical. So the choice comes down to investors believing in climate change, though not in ...

  Beware the “lessons of history” as drawn by charlatans, ignoramuses or tyrants, for they will be daft, wrong and possibly disastrous. The self-serving amateur historiography of Russian President Vladimir Putin is an example. Last year, he invented a narrative “On the Historical Unity of Russians and Ukrainians,” which was subsequently revealed as one of the hallucinations that made him ...

  Bloomberg Air India Ltd is polling pilots on whether they want to be trained to fly Airbus SE A350 jets, indicating that it intends to operate the model as it looks to renew its widebody fleet under new owner Tata Group. The airline may introduce the A350 by the first quarter of 2023, according to a letter sent to ...