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 Reem Finance PJSC, a leading company offering financial services across the UAE, announced launching ‘Amala’ program, a unique service to finance hiring domestic workers. The program helps make domestic worker recruitment through Tadbeer centers more attractive. According to the company, this is the first personal finance service offered to the public, as Reem Finance has ...

  Bloomberg Germany and Austria came out strongly against the European Union proposal to classify some natural-gas and nuclear projects as sustainable investments, with both countries accusing the bloc of “greenwashing.” In Berlin, the Greens — who joined Germany’s new ruling coalition following September’s election — criticised the regulatory plan as damaging the credibility of the EU green rulebook, known ...

  Bloomberg Russian gas giant Gazprom PJSC missed its own “conservative” target for 2021 exports to Europe, and those capped flows contributed to the continent’s worst energy supply crunch in decades. Gazprom delivered 185.1 billion cubic meters to its main clients abroad, including China and Europe, excluding the former Soviet Union nations, Chief Executive Officer Alexey Miller said in a ...

  Bloomberg Pakistan’s natural gas shortage is hurting its crucial textile exports, according to an industry trade organisation, putting even more stress on nation’s struggling economy. About $250 million of textiles exports were lost last month after mills in Punjab were forced to shut for 15 days, said Shahid Sattar, executive director of All Pakistan Textile Mills Association. Factories in ...

  The north Indian town of Haridwar, where the Ganges River flows out of the Himalayas onto India’s vast plains, has been for centuries a destination for pilgrims. For three days in December, it also played host to what the Indian media has called a “hate-speech conclave,” in which multiple speakers — all dressed in saffron garb, the traditional signifier ...

Could London soon be known more for what arrives on its stock market than what gets taken off it? Private-equity firms feasted wantonly on UK stocks in 2021. Bid activity has softened lately and a tougher national-security regime from January threatens to slow takeovers further, with the result that fewer firms leave the London market. At the same time, there ...

  Governments, consumer internet behemoths, large banks and fintech firms will compete fiercely in 2022 to bring our cashless future a little closer — with Asia at the epicenter of innovation. In China, where authorities are increasingly uneasy with the domestic private sector’s control on citizens’ data, the state will seek to reassert its might: The Beijing Winter Olympics will ...

  Wall Street seers expect the benchmark S&P 500 Index to generate earnings per share that are up 46% this year from 2020’s depressed level, with growth decelerating to 8% in 2022, according to data compiled by Bloomberg. Even that lower number for the coming year may be too rosy. Covid-19 isn’t going away, as shown by the fast-spreading omicron ...

  Bloomberg Airlines warned of increased flight delays after AT&T Inc. and Verizon Communications Inc. brushed aside a U.S. government request to postpone new 5G service that aviation interests say risks safety because it may interfere with aircraft electronics. The two wireless companies said the request from Transportation Secretary Pete Buttigieg and Steve Dickson, administrator of the Federal Aviation Administration, ...

  Bloomberg Future Retail Ltd. has sought to halt and terminate Amazon.com Inc.’s case at a Singapore arbitration tribunal, a move that could allow the cash-strapped Indian retailer to sell some of its assets to Reliance Industries Ltd.. Armed with a December antitrust ruling against Amazon, Future Retail has petitioned the Delhi High Court and the arbitration tribunal in Singapore ...