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 Abu Dhabi International Airport has welcomed 5.26 million guests in 2021 thanks to a fourth-quarter surge that saw 2.43 million, which equates to 46 percent of the full year’s passenger numbers, pass through the UAE capital’s hub. The Abu Dhabi Airport released its 2021 passenger traffic results, revealing that 5,262,376 passengers were served compared to ...

  Bloomberg SSE Plc is set to earn a windfall from the gas-fired power plants it will ensure are available to help keep UK lights on next winter. The utility could make as much as 172 million pounds ($233 million) in an auction that cleared at 75-70 pounds a kilowatt per year, according to calculations using National Grid Plc data. ...

  Bloomberg China General Nuclear (CGN) Power Corp is considering selling its portfolio of renewable energy assets in Europe in a deal that could fetch more than $2 billion, people with knowledge of the matter said. The Chinese firm is working with Citic Securities Co on the potential disposal of CGN Europe Energy, said the people, who asked not to ...

The Russian Defense Ministry’s announcement that troops were beginning to relocate to their permanent bases after drills on the Ukrainian border is not yet the denouement of the crisis that Russian President Vladimir Putin created and then US President Joe Biden amplified with alarmist rhetoric in recent months. Still, the world’s attention has been focused on the possibility of a ...

A South African biotech company has recreated small quantities of Moderna’s Covid-19 vaccine. Its achievement, done in partnership with the World Health Organization (WHO), is part of a broader plan to help low- and middle-income countries become less reliant on US and European drug makers, which have been slow to send their vaccines. The WHO is investing $100 million over ...

  Wall Street’s top brass spent months grousing about how they were struggling in the war for talent before doling out the biggest bonuses in years. Goldman Sachs Group Inc just lost another top dealmaker to private equity, with Jennifer Davis moving to Bain Capital. Now, fresh data on pay at big private-equity firms appear to justify the banks’ complaints ...

  Myanmar’s junta is under pressure in a way it hasn’t been in decades. Challenging its military might are armed civilian groups known as the People’s Defense Force — a grassroots insurgency made up of citizens including farmers, doctors, teachers, home-makers and engineers — all determined to overthrow the generals who took control of the country in a coup just ...

  Bloomberg Boeing Co’s 787 Dreamliner suffered a new blow as US regulators said they would step up inspections of each jet before delivery. The Federal Aviation Administration (FAA) said in an emailed statement that it is taking the action to “allow the agency to confirm the effectiveness of measures Boeing has undertaken to improve the 787 manufacturing process.” Since ...

Bloomberg JetBlue Airways Corp is buying 30 additional Airbus SE A220-300 planes, bolstering the carrier’s fleet and allowing it to more swiftly retire older aircraft. The purchase, an exercise of prior options, brings JetBlue’s total order of the single-aisle jet to 100, the airline said in a statement. JetBlue expects its ninth A220 delivery this month, and 30 more by ...

  Bloomberg Alphabet Inc’s Wing unit elevated its leading technology official to head the company as it seeks to rapidly expand its drone delivery operations, including in the Dallas suburbs. Adam Woodworth, who has spent his entire career designing new-age aircraft, was named Wing LLC’s chief executive officer, the company said in an announcement. He replaces James Ryan Burgess, who ...