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 Mattar Salem Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, said the 50th anniversary of Zayed II Military College coincides with the UAE’s golden jubilee, proving the country has been aware, since its establishment, of the importance of creating a strong army. In his speech on the occasion, he added the Founding Father, late ...

  Dubai / WAM dnata, a leading global air and travel services provider, announced a major, over €200 million ($224.07 million) investment in a fully automated cargo centre, dnata Cargo City Amsterdam, at Amsterdam Airport Schiphol (AMS). dnata Cargo City Amsterdam will significantly enhance cargo capacity in The Netherlands and create new, direct jobs with dnata. It will enable dnata ...

  Bloomberg Billionaire Mukesh Ambani’s ambitious effort to pivot his conglomerate Reliance Industries Ltd. toward green energy could transform India into a clean hydrogen juggernaut. Ambani, Asia’s richest man, announced plans earlier this month to invest $75 billion in renewables infrastructure including generation plants, solar panels and electrolysers. There is growing speculation that the strategy entails transforming all of that ...

  Bloomberg Global demand for natural gas will increase only marginally this year as declining use in Europe stifles a post-pandemic recovery in consumption of the fuel. Demand growth will slow to 0.9% after a 4.7% advance last year, the International Energy Agency said in its quarterly gas report. While use is expected to increase in Asia and North America, ...

  Bloomberg UK Chancellor of the Exchequer Rishi Sunak will announce a package of measures to alleviate the impact of rising energy costs “in due course,” Prime Minister Boris Johnson said on Monday, as his government grapples with a growing squeeze on the cost of living. Johnson is coming under increasing pressure from opposition parties and members of his own ...

  Russian military action in Ukraine could trigger an energy crisis even more serious than the one already hitting Europe. As has been pointed out, should the West hit Russia with severe new sanctions, President Vladimir Putin could cut off natural gas exports, leaving the continent shivering through midwinter. Yet there is another potential weapon of Russia’s that’s been less ...

Apple Inc, the iconic company whose products have transformed daily life, has done what was once unthinkable: It has become the humdrum. Last week, Apple has reported revenue of $124 billion for the December quarter, beating the $119 billion median estimate of analysts surveyed by Bloomberg. Net profit for the quarter also came in above the consensus. Yet underneath those ...

  At the conclusion of this month’s meeting of Federal Reserve policy makers, the central bank announced that it will “soon be appropriate” to start raising interest rates. This affirmed investors’ expectations of a first quarter-point increase in March followed by two or three more before the end of the year. In addition, the Fed says it will end its ...

  Credit Suisse chose a bad year to cut risk taking. The Swiss bank’s profit warning was headlined with charges for settling old court cases — but revealed a worrying loss of business in its investment bank within. It’s another disruptive squall that the bank’s investors didn’t need. It’s barely a week since its reform-driving chairman Antonio Horta-Osorio was ousted ...

  Bloomberg Cathay Pacific Airways Ltd. is considering hiring options to combat an exodus of pilots from Hong Kong, senior executives said at a town hall, according to a person who attended the meeting. The carrier’s top management, including chief operations and service delivery officer Greg Hughes, told staff that an initial spike in pilot resignations last November had remained ...