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

  SHARJAH / WAM The Sharjah Economic Development Department (SEDD) has announced the release of its 2022-2024 corporate strategy, with a vision that focuses on attaining a competitive, diversified and sustainable economy that leads to the economic welfare of the business community in Sharjah. Also, the strategy contains a mission that seeks to achieve comprehensive economic development and improve the ...

  Dubai / WAM dnata Travel, the UAE’s longest-standing travel provider, has revealed that the total volume of local and international travel bookings for the anticipated Eid Al Fitr break is up by 195 percent so far in 2022, compared to overall bookings made throughout the same annual holiday period in 2021. This year, the number of international travel bookings ...

  Ajman / WAM The total number of certificates of origin issued by the Ajman Chamber of Commerce and Industry (ACCI) during 2021 increased to 33,175, compared to 25,682 during 2020, achieving a 29 percent growth, a top official revealed. Mohamed Ali Al Janahi, Acting Director-General of ACCI, said the total value of the products, for which certificates of origin ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the conclusion of the ‘1 Billion Meals’ initiative successfully by achieving its goal in providing one billion meals to the disadvantaged and vulnerable in 50 countries. His Highness Sheikh Mohammed stressed that the initiative reflects ...

  Sharjah / WAM Arada has reached a major milestone at the Sharjah megaproject ‘Aljada,’ with the completion of its first residential phase. The delivery of 278 homes in the last two Misk Apartment buildings at the mixed-use community brings the total number of units finished at Aljada to 1,482, said an Arada press release on Wednesday. The Misk Apartment ...

Bloomberg Germany said it’s discussing the decision by Russia’s Gazprom PJSC to halt gas flows to Poland and Bulgaria with European Union partners, and although it views the move with concern, security of supply is currently guaranteed. “All in all, gas flows are currently at a stable level but we are monitoring the situation very closely,” the economy ministry in ...

Bloomberg China’s biggest oil refiner posted increased profits for the first quarter even as the country’s worst pandemic outbreak threatens a pullback in fuel demand. Sinopec reported 23.3 billion yuan ($3.6 billion) in net income, an increase of 24% from the same period last year, according to an exchange filing. The Chinese oil giant, officially known as China Petroleum & ...

  Bloomberg Liquefied natural gas importers in Asia are bracing for higher spot prices as Russia’s move to cut some supply to Europe is poised to further tighten the global market. Moscow is cutting off gas to Poland and Bulgaria, making good on a threat to halt flows to countries that refuse President Vladimir Putin’s new demand to pay for ...

Call it poor judgment or bad luck, but India’s expansion of natural gas coverage to more than 90% of its population couldn’t have come at a worse time. In January, Adani Total Gas Ltd and others won keenly contested licenses to add new areas to city gas networks; in February, Vladimir Putin invaded Ukraine. Suddenly, billions of dollars in investment ...

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Elon Musk tweeted after clinching his $44 billion takeover of the social-networking platform. What about nondemocracies, though? If there is one government that has reason to welcome Musk taking control of Twitter Inc, it ...