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 On the occasion of Mother’s Day, HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has paid tribute to Emirati mothers, mothers of martyrs and all mothers around the world. In a statement on the occasion, ...

  Dubai / WAM Canada celebrated its Honour Day at Expo 2020 with unique cultural performances and fun activities hosted by the pavilion throughout the day. Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and Commissioner General of Expo 2020 Dubai welcomed Mary Simon, Governor General of Canada. Sheikh Nahyan said, “Canada’s participation features its achievements as ...

  Abu Dhabi / WAM Louvre Abu Dhabi has announced its latest international exhibition, “Stories of Paper”, organised in partnership with Musée du Louvre and France Muséums, in collaboration with 16 French and international institutions and private collections. To run from April 20 to July 24, the exhibition explores the vast range of artistic expressions of paper, with the aim ...

Bloomberg European Union leaders may hold off on endorsing intervention in the bloc’s wholesale energy market as member states are divided on the most effective emergency options to curb soaring power and gas prices, exacerbated by Russia’s invasion of Ukraine. Instead, at a summit in Brussels, the EU heads of government may agree on immediate actions to replenish depleted natural ...

Bloomberg Italy will impose a windfall profit tax of 10% on some energy companies to finance a 4.4 billion-euro ($4.9 billion) package of measures to protect consumers and businesses from soaring prices. The levy will be calculated on the increase in profit that energy companies reported between October 2021 and March 2022, compared with the same period the previous year. ...

In November 1939, soon after Hitler’s Germany invaded Poland, another massive European country likewise attacked a smaller neighbour: Russia invaded Finland. After vicious fighting through a long and bitter winter, the war ended with the Moscow Peace Treaty, in which Finnish concessions fell far short of what Stalin had hoped for in launching his invasion. Despite being heavily outgunned and ...

  Private equity firms feasted on the cheap UK stock market for as long as they could in 2021. Eventually, investors bid up the share prices of much of their potential prey. But one target — educational publisher Pearson Plc — just kept falling. Now buyout firm Apollo Global Management Inc. is circling. Pearson investors must be desperate to sell, ...

  The gender pay gap among the top ranks of US firms ought to be narrowing. Corporations have long been under pressure to increase the number of women on their boards. And yet the measure has widened. This should sound an alarm over the persistent lack of women in leadership roles — but it also underscores how stock-based compensation is ...

  Ever since the 1970s, European Green parties have argued passionately for cutting carbon emissions from the continent’s energy, while at the same time reflexively shunning the world’s only reliable source of zero-carbon electricity: nuclear power. Russia’s Ukrainian invasion is punching big holes in the logic of this position. That is especially true in Germany and Belgium, countries where the ...

  Bloomberg Mexico City’s newest airport, opening on March 21, is meant to relieve traffic at the mega-city’s main hub. The eight daily flights it will start with won’t achieve this — but that’s beside the point for President Andres Manuel Lopez Obrador. The Felipe Angeles airport, located about 50 kilometres (31 miles) north of Mexico City’s centre, is a ...