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

  Dubai / WAM Equal access to opportunities is critical to gender equality and women’s empowerment, but it is equity that will genuinely make an impact, according to Dr Kirsty Coventry, cabinet minister for Youth Affairs, Sport, Art and Recreation of Zimbabwe. The Zimbabwean minister spoke at a “Visions and Journeys” event at the Expo 2020 Dubai Women’s Pavilion, sharing ...

One question I get repeatedly these days: What is wrong with the Russian military? Many in the West had a mistaken belief that the Russian war machine was a rough match for the North Atlantic Treaty Organization (Nato), and they are surprised at how much trouble the massive force is having subduing a much smaller and less-equipped neighbour, Ukraine. During ...

Singapore appears to be shutting its doors to foreign talent just as the exodus of expatriates from Hong Kong gathers pace. The government recently tightened visa rules for white-collar workers, adding hoops to a process that employers already complain is too onerous. Will the city-state miss its golden opportunity to scoop up Hong Kong’s disgruntled elites? Hardly. It’s a different ...

  At the dawn of the 20th century, Norman Angell famously (or infamously) predicted that the era of global commercial integration had made great power conflict so costly and destructive as to be unthinkable. A few years later, the outbreak of World War I proved him right about the cost and destruction, but wrong about being unthinkable. The Great War ...

  Corruption is “a cancer that eats away at a citizen’s faith in democracy,” said a certain vice president, back in 2014. Now commander in chief, Joe Biden must confront a corruption problem unfolding on his watch: the spiraling costs of misspent Covid funds. In recent court filings, the Federal Bureau of Investigation has described a “massive fraud scheme” in ...

Bloomberg A six-ton unmanned reconnaissance drone that streaked across eastern Europe from war-ravaged Ukraine and crashed in the Croatian capital has raised awkward questions about Nato’s readiness to protect European airspace. Startled authorities are asking how none of the three North Atlantic Treaty Organization (Nato) member states — Romania, Hungary and Croatia — reacted as the Soviet-era Tu-141 traversed their ...

Bloomberg Police in Slovakia, a Nato and European Union (EU) member bordering Ukraine, detained four people suspected of spying for Moscow and expelled three Russian diplomats in response. Russia paid the suspects “tens of thousands of euros” for sensitive or classified information, Special Prosecutor Daniel Lipsic told journalists, a day after the detentions and the diplomats’ expulsion. Two people were ...

  Bloomberg European banks operating in Russia are preparing to separate those business from their main computer systems to reduce their vulnerability to cyber-attacks following the invasion of Ukraine. Commerzbank AG is preparing to cut off its Russian unit from its system as one potential scenario and already has the ability to rapidly sever the connection through what’s internally known ...

  Bloomberg Wells Fargo & Co raised Chief Executive Officer (CEO) Charlie Scharf’s pay 20% for 2021, a year in which profit recovered and shares advanced more than most of the bank’s rivals. The board paid Scharf $24.5 million for his second full year atop Wells Fargo, up from $20.3 million for 2020, according to a filing. The package consisted ...

  Bloomberg Citigroup Inc is setting up a new hub in Malaga, Spain, where it plans to hire 30 analysts, as part of the banking giant’s efforts to retain staff. The lender hopes the Andalusian city, with more than 8 miles (13 kilometers) of coast line along the Mediterranean Sea, will offer employees a better work-life balance and help curb ...