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

  Ajman / WAM Ajman’s Department of Finance has been awarded the ‘Most Innovative Digital Initiative in Finance 2021’, for its digital wallet and contributions in supporting digital transformation by Global Business Outlook, a UK-based publication dedicated to covering vital industry sectors. The award comes as part of the department’s efforts and its innovation-based strategy, in line with the directives ...

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 339,500 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 Dubai Electricity and Water Authority (Dewa) launched its Enterprise Service Bus (ESB) project for its smart grid, to promote its business added value and improve Dewa’s readiness and resilience and dealing with various scenarios. The project aims to identify and enable electric vehicle charging and uploading of consumption data; transfer meter readings, alarms, and events to ...

  The year we are leaving behind (and good riddance, most of us would happily say) was one long reminder of both the miraculous possibilities afforded by science and the critical importance of sound policy by elected officials in times of crisis. In the year ahead, Britain’s leaders can draw from the lessons of earlier pandemic policy and lean on ...

The great rotation in consumer spending continues. When the world shut down in 2020, we bought what we needed to stay home: Pelotons, pets, sweatpants and sourdough starter. In 2021, our shopping reflected reopening: We put on lipstick again, whitened our teeth and swapped loungewear for chinos and dresses. Most consumer, retail and luxury groups had a pretty good year. ...

To envision the future of crypto, I keep trying different analytical tools. This time around the concept of relevance is focality, by which I mean the part of the system at which consumers direct their attention. Focality could determine whether crypto ushers in an era of dystopian inequality, or whether most of its benefits accrue to broader society. That all ...

Watching Vladimir Putin at his year-end press conference, one is tempted to ask What is the Russian president’s future plan. Here is a man leading a country that in the last few months has amassed tens of thousands of soldiers and advanced military equipment on Ukraine’s border, now asserting that it is Ukraine which is planning an invasion of Russia. ...

  Bloomberg Airbus SE is on track to meet its 600-jet delivery goal for 2021, according to people familiar with the situation, though holdups with the handover of some wide-body aircraft have complicated the issue. As of mid-December the European planemaker had shipped around half of the 82 jets it must deliver this month to meet the full-year goal, according ...

  Bloomberg US aviation regulators have proposed modifications to some Boeing Co 777 jets to prevent engine debris from flying loose in a failure and endangering passengers as happened in some recent incidents. The Federal Aviation Administration (FAA) filed a pair of proposed directives in the Federal Register that would require strengthening the engine inlets and adding shielding on Pratt ...

  Bloomberg Ryanair Holdings Plc expects to report a wider full-year loss than previously forecast after the emergence of the omicron Covid-19 variant plunged the European travel industry into renewed uncertainty. The Irish low-cost airline now anticipates a net loss of between 250 million euros ($283 million) and 450 million euros in the 12 months through March, it said in ...