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

  Ajman / WAM The growth rate of the number of economic licences issued by the Department of Economic Development in Ajman (Ajman DED) during the 2021 reached 41 percent, while the number of establishments reached 27,913, and the Labour Resilience Index reached 17 percent. The efforts and initiatives launched by the Ajman DED during the 2021 have resulted in ...

  DUBAI / WAM The UAE Ministry of Culture and Youth has signed a Memorandum of Understanding (MoU) with the Ministry of Culture, Sports and Tourism of the Socialist Republic of Vietnam, for cooperation in culture encompassing antiquities, heritage, arts and libraries. The two countries have agreed to support cultural and creative industries and talented people, exchange knowledge, encourage a ...

  Abu Dhabi / WAM The Make a Wish Foundation announced that it fulfilled the wishes of 610 children from 31 nationalities suffering from dire medical conditions in 2021, noting it has fulfilled 5,000 wishes since its launch in 2010. Sheikha Sheikha bint Saif bin Mohammed Al Nahyan, Honorary Chairperson and Life Patron of the “Make a Wish” Foundation UAE, ...

  DUBAI / WAM Dubai Roads and Transport Authority (RTA) has held a series of workshops over three days for 100 service beneficiaries under the theme: Identifying Future Expectations of RTA’s Customers. The workshops were part of a brainstorming programme to screen the current and future needs of customers to uplift the level of services and configure them to meet ...

  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 ...