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

  Dubai / WAM The Federal Competitiveness and Statistics Centre (FCSC) revealed that the number of medical personnel in the UAE grew between 104 percent and 140 percent on average over a period of ten years. The number of physicians working in the public and private sectors in the country increased to 26,151 by the end of 2020, compared to ...

  Bloomberg Japan’s coal imports are poised to jump to the highest level in at least two years as the nation’s utilities turn to the dirtiest fossil fuel as a replacement for expensive liquefied natural gas. More than 17.3 million tons of coal will be delivered to the country this month, said Edwin Toh, a dry bulk manager at energy ...

  Facebook and Instagram are reportedly working on ways to let users display non-fungible tokens (NFTs) on their profiles, and on building a marketplace to let users buy and sell these digital art objects and collectibles. No sooner did the Financial Times break that news last week than Twitter launched a first version of its own NFT integration that lets ...

Singapore isn’t a place for monetary policy surprises. The central bank’s strike against inflation — only the third unscheduled move in two decades — sends a clear signal that expectations of higher prices for longer have gone mainstream. The Monetary Authority of Singapore (MAS) slightly raised the rate of appreciation of its main currency band, meaning it will let the ...

  China is putting market-oriented solutions for its troubled collection of property developers into practice — even in a market frozen by fear. Industry consolidation has always been Beijing’s preferred remedy for a liquidity crisis. In recent years, we witnessed a wave of regional bank mergers, with bureaucrats maneuvering behind the scenes to avoid stirring panic and bank runs. We ...

  After weeks of mostly fruitless diplomacy, Nato is bracing for war. Countering Russia’s buildup on Ukraine’s borders, the alliance is readying a force to deploy to eastern Europe that could include as many as 8,500 US troops. Denmark has dispatched fighter jets to Lithuania and a frigate to the Baltic Sea. Dutch F-35s are being moved to Bulgaria. Multiple ...

  Bloomberg EasyJet Plc will pour capacity into the UK this summer as easing travel curbs boost demand and make the country a key battleground for airlines emerging from two years of Covid-19 disruption. Bookings in Britain are surging, according to the Luton, England-based carrier, which plans to lift seating to near normal levels by the summer, meeting the challenge ...

  Bloomberg Air India Ltd. is seeking to end a case filed by Devas Multimedia Pvt in a US court, arguing a recent change in ownership of the carrier prevents demands over recovery of arbitration awards. Devas demands $1.2 billion from the Indian government after winning three international arbitration awards over a scrapped telecommunications deal with a state-run firm. The ...

  Bloomberg A volatile start to the year for global stock markets is breathing new life into UK trading platforms, which had seen fading interest amid less stringent pandemic restrictions. CMC Markets Plc and IG Group Holdings Plc both said they’ve seen an increasing number of bets being placed on equity markets amid price swings that put the S&P 500 ...

  Bloomberg Nestle SA will offer cocoa farmers and their families in the Ivory Coast cash incentives that aim to reduce child labor, as the chocolate industry faces growing scrutiny over the problem. The program, under which the KitKat maker plans to spend 1.3 billion francs ($1.4 billion) by 2030, will offer as much as 500 francs per year to ...