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

  Dubai / WAM Abu Dhabi Fund for Development (ADFD) has signed a memorandum of uunderstanding (MoU) with the African Development Bank (AfDB), aimed at strengthening cooperation over investment in strategic sectors in Africa that would sustainably drive socioeconomic development in the continent, while also achieving the UAE’s development- financing goals for developing countries. The MoU was signed by Mohamed ...

  Abu Dhabi / WAM Mohamed Helal Al Mheiri, Director-General of Abu Dhabi Chamber, said that bilateral relations between the UAE and Singapore have witnessed remarkable growth thanks to the committed support of both countries’ leadership. The remarks were made during a visit of a high-level delegation from Singapore chaired by Dr Brian Shegar, President of the UAE Singapore Business ...

  DUBAI / Gulf Time M Glory Group laid the foundation stone for the United Arab Emirate’s first industrial facility to manufacture electric vehicles (EV) at Dubai Industrial City, one of the largest industrial hubs in the region, and worth an investment of AED1.5 billion. The factory’s official opening was presided over by Omar Suwaina Al Suwaidi, Undersecretary at MoIAT, ...

  SHARJAH / WAM Sharjah Airport won the ‘Best Airport in the Middle East’ award in the 5 to 15 million passenger per year category and the ‘Voice of the Customer’ accreditation given by the Airports Council International (ACI). It bagged the accolade at ACI World’s Airport Service Quality (ASQ) Awards 2021, an event sponsored by Amadeus, a leading global ...

  Bloomberg A controversial UK oil project won a license extension, keeping open the possibility of development even after Shell Plc retreated amid a backlash from climate protesters. The Cambo field has received a two-year extension from the energy regulator, operator Siccar Point Energy Ltd said. The project was put on ice late last year after minority owner Shell chose ...

Amid the carnage of war in Ukraine, one man appears to feel grimly vindicated, if not quite happy about how things have turned out — the man who played an outsize role in starting the conflict in 2014, Igor Girkin, also known as Strelkov. Few people are hated as much in Ukraine as Strelkov (I’ll use his nom-de-guerre throughout, since ...

In the global financial crisis, we learned the hard way that excessive leverage can bring down the economy — even if it doesn’t sit directly on the balance sheets of systemic banks. We also learned the importance of robust governance, risk management and controls. Unfortunately, we are seeing evidence that, in some parts of the banking and wider financial system, ...

  Could this mean peace in our time? Positive sounds about a possible ceasefire in Ukraine sparked a surge in global stock markets, particularly in Europe. Oil prices took a dive, and ructions in the bond markets intensified. A Russian announcement that its military was cutting back activity around Kyiv and Chernihiv in the north of Ukraine to concentrate on ...

  By officially accusing the Russian military of committing war crimes in Ukraine, President Joe Biden’s administration has seemingly confirmed the obvious. Vladimir Putin’s troops have so far attacked apartment buildings, hospitals, shopping centres and schools during their invasion of Ukraine. They’ve cut countless Ukrainians off from food, heat, electricity and running water. Thousands of civilians have been wounded or ...

  Bloomberg A team of US airplane accident investigators and technical experts could head to China as soon as this week to help unravel the mysterious crash of a Boeing Co 737 jet earlier this month, the National Transportation Safety Board (NTSB) said. The Chinese government has issued visas to NTSB investigators, along with technical advisers for the US Federal ...