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 His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of Israel, Isaac Herzog, on Sunday deliberated aspects of cooperation under the Abraham Accords Peace Agreement, signed by the two nations in 2020, in addition to a number of regional and ...

  Sharjah / WAM The Sharjah Airport International Free Zone Authority (Saif Zone) has achieved a series of tremendous successes during 2021, strengthening its position as a major hub for trade, industry, and logistics services in the region. The directives and vision of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, the main ...

  Dubai / WAM The Dubai Academic Health Corporation held its fourth Board of Directors meeting to discuss its strategic plans, priorities and future goals. The meeting, chaired by HH Sheikh Ahmed bin Saeed Al Maktoum in the presence of Vice Chairman HH Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, was held at the Al Jalila Foundation. The board ...

  Abu Dhabi / WAM A delegation from the Ministry of Culture and Youth is attending the 53rd edition of the Cairo International Book Fair which is running under the theme ‘Egypt’s Identity – Culture & the Question of the Future’. The book fair will run until February 7 in Cairo under the patronage of Abdel Fattah El Sisi, President ...

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 459,244 additional Covid-19 tests over past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

  Dubai / Gulf Time Malabar Gold & Diamonds, one of the largest jewellery retailers globally with a strong retail network of over 280 outlets spread across 10 countries, inaugurated nine new showrooms across UAE and India. Amongst the six showrooms opened in the UAE, 3 are in the new Dubai Gold Souq extension project, 1 each in City Centre ...

  Bloomberg NTPC Ltd, India’s largest power producer, posted a 25% jump in quarterly profit as demand for electricity soared in one of the world’s fastest-growing economies. Profits increased to 41.3 billion rupees ($551 million) in the three months through December, compared with 33.2 billion rupees a year ago, the state-run company said in a stock-exchange filing. Profits surpassed an ...

  Bloomberg Octopus Energy Ltd. warned record energy prices will result in a 100 million-pound ($134 million) hit to the UK power supplier’s bottom line this financial year, according to a Financial Times report. Soaring wholesale electricity and gas prices have put 25 U.K. utilities out of business in the last six months. A regulatory cap on the amounts suppliers ...

  Mario Draghi remains Italy’s prime minister. The country’s parliamentarians — in a secretive, conclave-like vote — decided against making him president, instead backing a second term for outgoing head of state Sergio Mattarella. While it may be a personal blow for Draghi, who was known to hanker after the role even if he did not openly campaign for the ...

As speculation about war with Ukraine fills the news, it’s hardly surprising that the Russian ruble is once again heading to its weakest level against the US dollar — one last seen in 2020 — having depreciated over 5% this month. Ever tougher sanctions from the West have been threatened repeatedly, which would make already-restricted trade and capital movements even ...