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 The UAE has successfully enhanced the growth and development of the industrial sector, with the Ministry of Industry and Advanced Technology overseeing a historic rise in industrial exports from the UAE to foreign markets, which totaled approximately AED120 billion (around $33 billion) in 2021. During the Federal National Council session, addressing the development of the ...

  Dubai / WAM Russia has grown to become the second-largest source market for Dubai’s travel and tourism sector in 2021, climbing from eighth place in last year’s rankings, according to data released ahead of the next edition of Arabian Travel Market (ATM), which will take place at Dubai World Trade Centre (DWTC) from May 9-12. Commissioned by Reed Exhibitions ...

  DUBAI / WAM The Abdulla Al Ghurair Foundation for Education (AGFE) launched “Nomu”, a multi-sector partnership initiative in collaboration with University Leadership Council (ULC) to empower 25,000 Emirati youth by 2025. The initiative was announced during the Global Goals Week held at Expo 2020 Dubai and will offer high-quality learning opportunities as part of the nation’s sustainability strategy. The ...

  ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi announced that it will launch “Abu Dhabi Link” on-demand bus service on Saadiyat Island on Friday, January 28. The service can be requested through the Abu Dhabi Link mobile application. This is a step that reinforces the principle of sustainable ...

  Abu Dhabi / WAM The Ministry of Culture and Youth organised a consultative meeting of Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, with a group of Emirati playwrights to discuss the Ministry’s projects to support the growth of theatre in the country. The group discussed how the ministry could help enrich the theatre scene in the ...

  Dubai / WAM As Latin American and Caribbean countries begin to emerge from the pandemic, public and private sector stakeholders in these markets are increasingly looking to build and strengthen economic partnerships and boost international cooperation, and such prospects will be a key focus of the fourth edition of the Global Business Forum Latin America (GBF Latam) in Dubai. ...

  From smartphones to Tesla Inc cars, lithium-ion batteries are everywhere. But when Asia’s richest man went shopping in England with 100 million pounds ($136 million), he came back with humble sodium. Sodium-ion is not a bad choice for Mukesh Ambani to kick off his power-storage gigafactory. For one thing, the earth’s crust has 300 times more sodium than lithium. ...

Just because the failure of SoftBank Group Corp’s sale of Arm Ltd. to Nvidia Corp. seemed inevitable, it doesn’t mean the scuttled deal is any less painful. Executives at Nvidia, the most valuable US chip company, have started telling people that it doesn’t expect to close the $40 billion purchase announced in September 2020, Bloomberg News reported. SoftBank, which was ...

Yet again, the Securities and Exchange Commission (SEC) is aiming to address one of the weakest links in the US financial system: money market mutual funds, the object of at least two reform efforts and two major federal rescues in as many decades. This time around, regulators might actually be getting it right. Money market funds emerged in the 1970s ...

More than two years into the Covid-19 pandemic, China is the last major nation pursuing a zero-tolerance strategy, seeking to extinguish outbreaks as soon as individual cases emerge. That policy looks increasingly unsustainable. Chinese leaders should prepare now for a change in course. The emergence of the highly transmissible omicron variant is already testing the government’s approach. Local officials have ...