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

  DUBAI / Gulf Time In less than two years since its launch in Dubai, Clemenceau Medical Center Hospital Dubai obtained official accreditation from the Joint Commission International in Health Care Quality (JCI). This accreditation is granted to healthcare institutions that apply a group global standard for quality improvement and the quality of health care. This achievement is in line ...

DUBAI / WAM flydubai announced on Friday the start of flights to Pisa in Italy, becoming the first UAE carrier to operate this route from Dubai. The carrier will also resume its operations to Catania in Sicily growing its network in Italy to three points including Naples. Flights to Pisa International Airport (PSA) and Catania International Airport (CTA) start on ...

  Dubai / Gulf Time Neuro Spinal Hospital (NSH) opened its door as the first private subspecialty hospital in the UAE in the year 2002 and recently inaugurated its new state-of-the-art facility offering specialised care for spinal, neurosurgical, neurological, orthopaedic, rehabilitation, oncology and radiosurgery treatments with the most advanced cancer centre operating from Dubai Science Park, strengthening the UAE’s drive ...

  Abu Dhabi / WAM AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, has partnered with UAE-based, multi-business conglomerate Ghassan Aboud Group to establish one of the region’s largest automotive export and distribution hubs in Kizad. The launch was announced at the official ceremony held in Abu Dhabi in the presence of key stakeholders and officials. ...

  Abu Dhabi / WAM The UAE’s General Civil Aviation Authority (GCAA) Youth Council organised a youth circle entitled “Aviation 2050: future trends from an innovative perspective” within the International Program for Civil Aviation Leaders. The youth circle was attended by Salvatore Sciacchitano, President of the ICAO Council; and Saif Mohammed Al Suwaidi, Director-General of the GCAA, and a number ...

  DUBAI / WAM The Ministry of Energy and Infrastructure discussed, with a delegation from Broward County, Florida, visiting the UAE, ways of strengthening their cooperation in the infrastructure, housing and transport. Their discussion took place during a meeting between Sheikh Nasser Al Qasimi, Assistant Under-Secretary for Infrastructure and Transport Regulation at the Ministry of Energy and Infrastructure, and Michael ...

  Bloomberg South Africa’s plan to add an estimated $6.5 billion worth of private power generation has been further delayed as the nation continues to suffer from intermittent power outages. The signing of power purchase agreements by preferred bidders for the 2,000 megawatt risk mitigation, or emergency power, program was postponed due to “outstanding matters and conditions” with state-owned electricity ...

Bloomberg China’s biggest oil company posted its best profit since 2014 as it benefited from rising energy prices. PetroChina Co’s net income rose to 92 billion yuan ($14.5 billion) in 2021, more than quadrupling the level from the previous year, according to its annual earnings release. Oil and gas production rose 3.4%, while the refining business recovered from a loss ...

  It’s not especially fun for a plane lessor to tell shareholders that more than 100 aircraft formerly on lease to Russian airlines may be gone for good, especially when the aerospace industry is only just recovering from a global pandemic. Still, AerCap NV did a decent job explaining why its remaining $2.5 billion exposure to Russia shouldn’t cause investors ...

When I am trying to understand the macroeconomy, I often find myself resorting to one of my favorite sayings: All propositions about real interest rates are wrong. For starters, let’s define the real interest rate, or more properly a term series of real interest rates. If the long rate is published at say 6%, that is the nominal long rate. ...