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

Geneva / WAM A worldwide improvement in students’ capacity for problem-solving to the average level of today’s top 10 scoring countries could add an additional $2.54 trillion to the global economy, World Economic Forum (WEF) said in its latest report. The compound effects of the pandemic, pre-existing inequalities, and the rapid technological change of the Fourth Industrial Revolution (4IR), mean ...

  Erbil / WAM dnata, a leading global air and travel services provider, has announced a significant expansion of its operations in Erbil, Iraq. The company opened a new, advanced cool chain facility and a bus maintenance facility for its state-of-the-art bussing fleets at Erbil International Airport (EBL), which together represent a total investment of $3.5 million. dnata has also ...

  DUBAI / WAM Yalla Group Limited, the UAE-based leading voice-centric social networking and entertainment platform in the Middle East and North Africa (Mena), on Tuesday announced its financial results for the first quarter of the fiscal year 2022, recording AED 265.7 million in revenues. According to Yalla Group’s latest financial results, the GAAP and non-GAAP net margins during the ...

Abu Dhabi / WAM The President of the Maldives has congratulated His Highness Sheikh Mohamed bin Zayed Al Nahyan as the new President of the UAE, saying HH Sheikh Mohamed is a beacon of hope. In an exclusive interview with the Emirates News Agency (WAM), Ibrahim Mohamed Solih, President of the Maldives, said,”His Highness Sheikh Mohamed’s strong statesmanship and his ...

  Ras Al Khaimah / WAM Gulf Pharmaceutical Industries (Julphar) reported on Tuesday its financial results for the first quarter ending March 31, announcing AED418.6 million in net sales in Q1 2022, a 156% increase from Q1 2021. Growth was driven by an increase in sales attributed to the strategic acquisition of Planet Pharmacies and a 37% organic growth from ...

  Abu Dhabi / WAM The National Emergency Crisis and Disasters Management Authority (NCEMA) and the General Authority of Islamic Affairs and Endowments (GAIAE) announced the requirements for the Hajj in the 1443 AH season. The two authorities also expressed their appreciation for Saudi Arabia’s leadership, government and people. The conditions come as a response to the Hajj restrictions announced ...

  Sharjah / WAM Moody’s Investor Services and Fitch Ratings have assigned Arada first-time credit ratings, which provide a strong foundation for the UAE developer to cement its long-term growth. The successful award of the ratings, just five years since the company’s inception in early 2017, make Arada one of the youngest corporates in the UAE to apply for and ...

  ABU DHABI / WAM The Parliamentary Friendship Committee with European Parliaments of the Federal National Council (FNC), led by Sarah Mohammed Falkinaz, met with Arsen Kanokov, Head of the Russian Federation Council’s Friendship Committee with the FNC, and his delegation. The meeting was attended by Dherar Belhoul Al Falasi, Dr. Ali Al Nuaimi, Dr. Hawaa Al Dhahak Al Mansouri, ...

  Erbil / WAM dnata, a leading global air and travel services provider, has announced a significant expansion of its operations in Erbil, Iraq. The company opened a new, advanced cool chain facility and a bus maintenance facility for its state-of-the-art bussing fleets at Erbil International Airport (EBL), which together represent a total investment of $3.5 million. dnata has also ...

  Bloomberg European natural gas futures rose, with traders focused on supplies from Russia and the continent’s imports of liquefied fuel. The European Union said that companies can keep importing Russian gas without breaching sanctions, easing concerns that shipments from the bloc’s biggest provider might be cut amid a payment dispute. But the market is grappling with the implications of ...