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 Ministry of Health and Prevention (MoHAP) announced that it conducted 397,766 additional Covid-19 tests over the 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. ...

  DUBAI / WAM The Emirates Literature Foundation has unveiled its education programme for the upcoming Emirates LitFest Students Edition and begun ticket sales. Building on the success of the virtual programme in 2021, the schedule for 2022 will feature a great line-up of virtual sessions made available to schools for one month, from February 10 to March 10. There ...

  ABU DHABI / WAM Khalifa Fund for Enterprise Development, in cooperation with the Abu Dhabi Agriculture and Food Safety Authority (Adafsa), Adio Catalyst and Wageningen University and Research, saw the successful completion of the first edition of its ‘Level Up’ project that enables SMEs and startups to scale and reach new heights. The first version of the programme saw ...

  Dubai / WAM The Bus-on-Demand service of Dubai’s Roads and Transport Authority recorded huge growth in the number of commuters on board these buses. Statistics reveal that 603,052 riders used this service from the time of launch in February 2020 until the end of 2021. The service recorded a significant increase in ridership numbers, where 428,377 riders have used ...

  ABU DHABI / WAM The Reach Campaign announced that it has signed a memorandum of understanding (MoU) with the UAE’s leading health insurer, the National Health Insurance Company – Daman. As a founding partner, Daman pledged support over a three-year period, joining Reach’s strategic partner, the Emirates Red Crescent (ERC), in an effort to eliminate neglected tropical diseases (NTDs), ...

  Bloomberg The US was the world’s biggest exporter of liquefied natural gas last month for the first time ever, as projects ramped up production and deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December due largely to a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data compiled by ...

  War is coming — a not-so-great northern war. Don’t be fooled by last week’s conversation between Russian President Vladimir Putin and his American counterpart Joe Biden, with its promise of further negotiations in January. When one party is bent on war, this kind of diplomatic activity often continues until just hours before hostilities begin. We should not be deluded: ...

The year will be a money milestone. January 1 marks two decades since the first euro banknotes and coins got into people’s pockets. Even anarchic Bitcoiners should care: The euro was the first new currency of the 21st century (though clearly a product of the 20th). It was viewed with skepticism by economists (there was no country called ‘Euroland’, after ...

  In talking with a number of market players the last few weeks, there seems to be a broad consensus that 2022 is going to be more challenging than 2021, which almost makes me wonder if stocks won’t be up another 20% next year, defying bearish expectations yet again. But things are a little different than this time a year ...

  Rarely has an arcane interagency dispute proved so needlessly disruptive. On December 5, 2021, wireless carriers had expected to begin rolling out 5G, the next standard for cellular networks, on a critical new frequency known as the C-band. The deployment promised increased bandwidth, faster transmissions, wider range, and many new possibilities for wireless devices and apps, potentially turning a ...