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

  Dubai / Gulf Time Danube Home, the leading one-stop retail solution for all home interior and improvement needs in the region, opened its newest showroom in Dibba, Fujairah. The showroom was inaugurated by Sheikh Abdullah bin Hamad bin Saif Al Sharqi, President of the UAE Federation and Vice-President of the Asian Federation of Body Building and Physical Strength, in ...

  Dubai / WAM Dubai Municipality on Sunday said that it has added 2.83 million square metres of green areas to the city by planting more than 170,000 trees in various locations, as well as along roads and squares in Dubai in 2021. An average of 466 trees were planted per day, 130% higher than the initial target, increasing the ...

  Abu Dhabi / WAM The Media Regulatory Office of the Ministry of Culture and Youth has announced that cinemas in the UAE will be operating at maximum capacity from Tuesday, February 15. The decision was issued by the National Emergency Crisis and Disasters Management Authority (NCEMA). NCEMA stipulates that each emirate can modify cinema capacity, easing or tightening procedures ...

  Bloomberg ConocoPhillips, one of North America’s largest energy explorers, is considering a sale of operations worth more than $1 billion in the Permian Basin, according to people with knowledge of the matter. The company is working with an adviser to run an auction process for the assets, said the people, who asked not to be identified because they weren’t ...

  Bloomberg Reliance Industries Ltd, helmed by Asia’s richest man Mukesh Ambani, aims to be among the largest producers of blue hydrogen at “competitive cost” in its ambitious green-energy transition plan. The Mumbai-based company will re-purpose a $4-billion plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen for $1.2-$1.5 a kilogram, according to a presentation. So-called ...

In April and May of 2020, when global air travel had essentially ground to a halt and it was becoming apparent that the pandemic would last more than a few weeks, one popular narrative was that the slump would prompt airlines and lessors to put more jets than usual out to pasture permanently. The concern was that this would then ...

It’s not just your fluffy winter pajamas being affected by global supply chain snarl-ups. Your summer shorts could be too. Under Armour Inc, the sportswear maker, warned that the impact of bottlenecks could continue into its spring and summer seasons. Higher shipping costs could last for much of this year too. The current effects are a continuation of the supply-chain ...

  Browsing the internet has never really been free. Each time you visit a website, a silent auction for your eyeballs is conducted to show you an ad that effectively makes you pay with your personal information. Location, birthday, browsing data and more are broadcast to hundreds of vendors within a millisecond. The practice has flourished even in Europe, which ...

  Coming into this year, the hope was that supply chain improvements and modest interest-rate increases from the Federal Reserve would return US economy to the healthy expansion mode it enjoyed in 2019. Accelerating inflation and anecdotes from companies suggest that’s much less likely to happen than it seemed a few months ago. The Fed is in a tight corner: ...

  Bloomberg Aerojet Rocketdyne Inc’s chairman and three directors asked a judge to block the CEO and her allies on the board from using company resources in a fight for control of the rocket-engine maker. A lawsuit revealed long-simmering tensions between Chairman Warren Lichtenstein and Chief Executive Officer Eileen Drake who are at the heart of a proxy battle launched ...