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

Bloomberg The Bill & Melinda Gates Foundation said millions of courses of Merck & Co’s promising pill for Covid-19 could begin to reach lower-income nations early next year as the charity kicks in as much as $120 million to widen global access to the therapy. The funds will help spur generic-drug manufacturers, some of which have indicated they could produce ...

Bloomberg Stocks were mixed on Wednesday as traders weighed company earnings and risks from inflationary pressures. Treasury yields and the dollar were weaker. Chinese technology stocks listed in the US rallied in premarket trading, along with Hong Kong peers such as Alibaba Group Holding Ltd. on hopes the worst of Beijing’s regulatory crackdown is over. Tesla Inc. will be in ...

Bloomberg Investors in Hong Kong’s stock market are rapidly losing their fear of President Xi Jinping’s regulatory crackdowns. The Hang Seng China Enterprises Index has rallied 10% since closing at a five-year low on October 6, the best performance among major global benchmarks tracked by Bloomberg. Alibaba Group Holding Ltd. has provided the second-biggest support to the gauge with a ...

ABU DHABI / WAM The UAE, represented by the Ministry of Finance (MoF), has signed an agreement to promote and protect mutual investments with Iraq, as part of its endeavours to strengthen and activate means of economic and investment cooperation with various countries of the world. The agreement, which was signed this morning at the ministry’s headquarters in Abu Dhabi, ...

DUBAI / WAM The UAE has been named the world’s 11th strongest nation brand, according to the latest Brand Finance Nation Brands 2021 report. It now ranks above the United States and the United Kingdom, among others. Breaking the Western monopoly at the top of the brand strength ranking — along with Singapore in 4th position — the UAE has ...

ABU DHABI/ WAM Hub71, Abu Dhabi’s global tech ecosystem, and Amazon Web Services (AWS) have announced their collaboration at the GITEX Technology Week, to provide tech startups with support to build scalable and secure cloud-based services that accelerate their growth. The cooperation offers Hub71 startups access to AWS Activate, a programme that provides tools and resources to help startups innovate ...

ABU DHABI / WAM Israel-UAE negotiations on a Comprehensive Economic Partnership Agreement (Cepa) are progressing as scheduled, and it will be signed within the nine-month timeframe set by the foreign ministers of the two countries in June 2021, Israel’s ambassador to the UAE told Emirates News Agency (WAM). “I am very lucky to be the first Israeli ambassador here. For ...

BUENOS AIRES / WAM Saeed Abdullah Saif Al Qamzi, UAE Ambassador to the Argentine Republic, and Tristan Bauer, Minister of Culture of Argentina, have discussed means to further promote cultural relations between the two countries and the role of cultural communication in promoting cooperation and building bridges of understanding. During a meeting at the headquarters of the Ministry of Culture ...

DUBAI / WAM flydubai, the Dubai-based airline, announced on Tuesday the start of flights to Sohar in Oman becoming the first airline to operate this route from Dubai. This is the carrier’s third destination in the Sultanate, alongside Muscat and Salalah. Flights to Sohar International Airport (OHS) will start on 4th November and will operate twice a week from Terminal ...

Dubai / WAM in5, an enabling platform for entrepreneurs, recently reached a new milestone as its start-ups crossed the AED1.4 billion investment mark, reaffirming Dubai’s leading position as an attractive destination for talent and entrepreneurship. The direct investments came through venture capital and angel investors. More than 150 new companies joined in5 since 2020, bringing the grand total of start-ups ...