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 Sheikh Zayed Grand Mosque received 459,126 worshippers and visitors during the Holy Month of Ramadan and the Eid Al Fitr holidays. The worshippers who flocked to the mosque throughout the days and nights of Ramadan to pray and reflect reached 219,378, of which 80,782 attended the Isha and Tarawih prayer, and 100,996 attended the Tahajjud ...

  ABU DHABI / WAM Zayed House for Islamic Culture (ZHIC) has shifted all its e-services to Abu Dhabi Unified Government System (TAMM), in a move aimed at enabling the emirate’s community to complete comprehensive digital government services through a single point of contact easily and conveniently. This step comes as a part of Abu Dhabi digital strategy to develop, ...

  Dubai / WAM Emirates and Jebel Ali Free Zone (Jafza) have signed a memorandum of understanding (MoU) to explore joint cooperation and initiatives targeted at attracting more investments into Dubai by supporting new and existing businesses registered or licenced in the free zone. Under the MoU, the parties will explore opportunities to offer a number of travel-related incentives for ...

  Dubai / WAM Amanat Holdings has announced its financial results for the quarter ended March 31. The company recorded a total income of AED46.9 million in 1Q-2022, a growth of 12% versus the AED42.0 million recorded in 1Q-2021. On an adjusted basis, excluding the prior year result from divested entities, the company recorded a total income of AED46.9 million, ...

  Bloomberg European natural gas prices jumped following disruptions to a key transit route through Ukraine, and as Germany said Russia was using energy as a weapon in an escalating clash over supply. The benchmark contract surged more than 22%, with shipments from Russia via Ukraine set to fall by about 30% following interruptions at a cross-border entry point as ...

Bloomberg Shell Plc targets a 10-fold jump in electric-vehicle charging points in the UK as part of plans to ramp up investments into cleaner energy. The company will install 100,000 chargers in the country by 2030, according to a statement. It’s the latest move by an oil and gas major to refocus its traditional business as investors, governments and consumers ...

  Bloomberg China’s industrialised southern provinces are racing to restock coal in case demand recovers later this month or supplies are disrupted by the heavy rains sweeping the region. The economic powerhouse of Guangdong has asked its utilities to add another 5% to inventories this month, according to local media, while neighbouring Guizhou has set aside more money for coal ...

With biotech stocks in the dumps, investors have been hoping for deals to revive the sector, but lately merger-and-acquisition activity has been anemic. Finally, Pfizer announced it will buy Biohaven Pharmaceutical Holding Company Ltd, a nine-year-old company that makes treatments for migraines, for $11.6 billion. The deal, which gives Pfizer an oral drug already on the market and a nasal ...

  Without much fanfare, some of the biggest names in tech have been pulling back on once-enthusiastic efforts to disrupt healthcare. Within the past nine months, Alphabet Inc has dismantled its healthcare division Google Health while IBM sold its Watson Health data and analytics business to a private equity firm, having struggled to turn a profit. It turns out healthcare ...

  Americans are reminded about high gasoline prices daily, every time they drive. Another energy cost comes to their attention monthly: utility bills. These are now also rising, creating an added problem for households, for the president — and, as it happens, for utilities. Governor Ron DeSantis of Florida recently threw a curveball when he vetoed utility-friendly solar power legislation. ...