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

  DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit agency (ECA), and its Egyptian counterpart Export Credit Guarantee of Egypt (EGE) have signed a reciprocal reinsurance agreement to support Emirati and Egyptian projects in their respective countries and their initiatives around the world. The agreement between the two state-owned firms will bolster the strong trade and ...

  ABU DHABI / WAM Meta, in partnership with The Entrepreneurial Nation, announced the launch of ‘Boost with Facebook’ programme for the first time in the UAE, to support the achievement of the initiative’s goal to attract and support startups and small and medium-sized businesses (SMBs) across the country. The Entrepreneurial Nation, a project by the Ministry of Economy, aims ...

Bloomberg Europe’s biggest industrial firms have been banking on spring to bring down soaring energy costs. Those hopes faded this week as Russian tanks rolled into Ukraine. Smelters and chemical factories across Europe were already struggling before the invasion sparked another jump in gas and electricity prices. Now, a growing list of companies including Europe’s biggest chemicals maker BASF SE ...

Kyiv’s residents have watched shells rain down on the city these past days as they did in 1941, then at the start of a brutal war in which Ukraine endured unthinkable suffering. As images circulate of families huddled in basements and in the city’s subway for safety while rocket strikes light up the sky, it’s hard not to make the ...

The US aerospace industry’s supply chain and labour challenges are most likely just beginning. Raytheon Technologies Corp said that it would ship 70 fewer jet engines than planned to Airbus SE in the first quarter because of bottlenecks at casting suppliers, resulting in weaker revenue growth in the period. General Electric Co has said that issues with material and labor ...

  One of the keys to a long and healthy life is finding meaningful activities to keep you occupied. Evidence for this can be found in many peer-reviewed medical studies, but also the annual reports of Berkshire Hathaway Inc. In the 2021 edition, which dropped this morning, 91-year-old Berkshire Chairman Warren Buffett tells of how, after some early career missteps, ...

  The Covid-19 epidemic was one great test of democratic resilience. Putin’s invasion of Ukraine poses another. Do Western societies have the moral fiber to stand up to aggressively authoritarian regimes abroad? What about at home? From the World Economic Forum in Davos to London’s glittering business and party scene, Moscow’s gold has bought soft-power influence. Where the Russians have ...

  Bloomberg Boeing Co and Airbus SE are in talks with the new owners of Air India Ltd about an order for a raft of new planes, according to people familiar with the matter, part of a plan to rejuvenate the ailing carrier and its aging fleet. Tata Sons Pvt, which acquired the debt-laden airline from the Indian government last ...

Bloomberg British Airways canceled more than 150 short-haul flights to and from its London Heathrow hub through midday, citing “continuing technical issues” following a systems outage. Morning departures to Milan, Geneva and Aberdeen were among those scrapped, with the carrier predicting further disruption through the day and advising people to check the status of their flight before heading to the ...

  Bloomberg Singapore Airlines Ltd swung back to quarterly profit for the first time since the onset of the pandemic, helped by strong cargo demand and the island city’s sustained efforts to revive international travel. The carrier reported net income of S$85 million ($63 million) for the third quarter ended on December 31 versus a loss of S$142 million the ...