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

  Bloomberg Canadian consumer price inflation accelerated to a new three-decade high in January, adding to pressure on the Bank of Canada to start raising interest rates as early as March 2. Annual inflation was 5.1% last month, up from 4.8% in December, Statistics Canada reported in Ottawa. Economists were anticipating inflation would be unchanged in January. The average of ...

  Bloomberg German national railway operator Deutsche Bahn AG has taken the first concrete steps to prepare for a potential sale or listing of its DB Schenker logistics unit, which could be around 20 billion euros ($23 billion). The government-owned company is working with a consultant and legal advisers to ready the business for a possible transaction later this year, ...

  Bloomberg Stocks rise on Friday as planned talks between Russia and the US over Ukraine alleviated some investor gloom about geopolitical risks. Europe’s Stoxx 600 Index and US equity futures advanced after Russian Foreign Minister Sergei Lavrov agreed to meet US Secretary of State Antony Blinken for talks in Europe next week. On Thursday, President Joe Biden warned that ...

  Bloomberg 74-year-old Ng Kok Song has built one of Singapore’s fastest-growing investment companies with plans to make it a global player. Avanda Investment Management’s assets have more than doubled to around $10 billion since it was co-founded by Ng in mid-2015 — soon after he retired from sovereign wealth giant GIC as its chief investment officer following a 42-year ...

  DUBAI / WAM A new wave of business opportunities spanning the global food ecosystem will be unlocked at the ground-breaking Food For Future Summit and Global Agtech Expo later this month as the industry looks to address an impending agricultural shortfall that could fail to produce enough to feed the world’s anticipated 10 billion population by 2050. More than ...

DUBAI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation in a phone call with Annalena Baerbock, the German Minister for Foreign Affairs, discussed the strategic relations between the two countries and joint cooperation in all fields. The two sides also tackled a number of issues of common concern and the latest ...

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has discussed with its Cuban counterpart enhancing joint work to develop commercial activity and areas of economic cooperation between them. The two sides also explored available investment opportunities while highlighting the importance of strengthening communication mechanisms to organise mutual visits of business owners, missions and trade delegations. This ...

  Dubai / WAM G42 Cloud, a subsidiary of G42, the leading UAE-based AI and cloud computing company, and the Office for Information Technologies and eGovernment of the Government of the Republic of Serbia signed a memorandum of understanding (MoU) as part of Expo 2020 Dubai. The new agreement will see both parties progress the joint development of artificial intelligence ...

  DUBAI / WAM The UAE’s food and beverage imports from Latin America (LatAm) reached $1.9 billion in 2020 as the Gulf country expanded its efforts to enhance food security, new analysis from the Dubai Chamber of Commerce has revealed. The findings, released on the sidelines of Gulfood 2022, will be discussed in further detail at the 4th Global Business ...

DUBAI / WAM Dubai has imported eight million tons of food during 2021 and re-exported 6.277 million shipments through all its ports, a Dubai Municipality press release said on Thursday. Dubai also issued 78,812 food export health certificates, while the quantity of food exported last year amounted to 3.272 tons to 157 countries after verifying their safety and compliance with ...