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 sixth edition of the Global Aerospace Summit 2022, hosted by Mubadala, commenced on Tuesday in Abu Dhabi, welcoming around 1,000 C-level leaders, experts and specialists from across the aviation, aerospace, space and defence sectors. This is the first in-person edition of the Summit since the 2018 edition. Mohammed bin Ahmed Al Bowardi, Minister of ...

Abu Dhabi / WAM Strategic relations between Abu Dhabi Development Fund for Development (ADFD) and the government of Jordan date to 1974, when ADFD financed the first project in the country. Thereafter, the fund financed hundreds of development projects in vital sectors, whose total value stands at about AED6.5 billion. These projects collectively raised the standard of living in Jordan ...

Once is a gaffe, three times is a policy. During his trip to Asia, President Joe Biden stated, for the third time, that the US would defend Taiwan from a Chinese invasion, a comment seemingly at odds with Washington’s longstanding strategy of ambiguity on that subject. Biden’s comments are starting to seem like a deliberate effort to strengthen deterrence without ...

Still haven’t booked your summer vacation? Here’s a tip: If you’re in the US, now is probably the best time in ages to come and visit Europe. Not only has most of the continent finally shed most Covid restrictions, but the euro is at its cheapest in about six years, too. In mid-May, it dipped below the $1.04 mark, bringing ...

  In just the past few weeks, at least 92 confirmed and 28 suspected cases of monkeypox have been reported across Europe, Canada, Israel, the US and Australia. And that number stands to grow as surveillance expands, Maria Van Kerkhove of the World Health Organization (WHO) said. This is concerning, but no reason for anyone to panic. The global response ...

  The US dollar might just have peaked, and if it has then a blog post by Christine Lagarde has a lot to do with it. The president of the European Central Bank chose to post an essay to the ECB website, effectively setting out a new and more hawkish policy. Both the policy itself and the fact that she ...

Bloomberg The US must be “strategic” when it comes to a decision on whether to remove China tariffs, Trade Representative Katherine Tai said a day after President Joe Biden mentioned he would review Trump-era levies as consumer prices surge. “With respect to the tariffs, our approach as with everything in this relationship, is to be strategic,” Tai said in an ...

  Bloomberg Oyo Hotels, the once high-flying Indian startup, is shelving plans for an initial public offering in 2022 after a market downturn that would hurt its valuation, according to people familiar with the matter. The board of Oyo, formally known as Oravel Stays Ltd, talked through a change in the offering’s timing during multiple meetings after consulting with its ...

Bloomberg The Samsung group plans to raise spending by more than 30% to 450 trillion won (about $360 billion) over the half-decade to 2026 to shore up businesses from chips to drugs, as South Korea’s conglomerates grapple with growing economic and supply shocks. The corporate giant — whose units from Samsung Electronics Co to Samsung Biologics Co dominate Korea’s economy ...

  Bloomberg SoftBank-backed Indian logistics firm Delhivery Ltd climbed in early trading as investors brushed off rising global risks to support the nation’s second-largest initial public offering of the year in its market debut. The shares rose as much as 12% to 543.95 rupees in Mumbai, versus the issue price of 487 rupees. The company and its shareholders, including Carlyle’s ...