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

DUBAI / WAM Dubai Airports is projecting robust growth for Dubai International (DXB) in the second half of the year after the airport clocked 10.6 million passengers in the first six months of 2021 despite travel restrictions affecting its key source markets throughout the second quarter. According to the latest figures issued by Airports Council International (ACI), DXB remains the ...

Do senior officials from the US, China and Russia really plan to keep talking to the Taliban as if its fighters are not murdering civilians — including female activists — across Afghanistan, attacking schoolgirls and telling women they cannot leave the house without a man to accompany them? Plenty of governments seem happy to break bread with Taliban negotiators since ...

SoftBank Group Corp’s prolific spending on startups and listed companies underpins founder Masayoshi Son’s entire strategy, driving both earnings and share price. But such massive outlays have forced its balance sheet into a hole that suggests the only way out is to start selling. Net income at the Japanese company dropped 39% for the June quarter, while profit at its ...

Moderna Inc’s highly effective Covid vaccine, in addition to protecting millions, is officially a cash cow. The company disclosed during its earnings presentation that it expects the shot to generate $20 billion in sales this year. Now it has to figure out what to do with its windfall as it tries to justify a market valuation that has surged by ...

“Some modest tightening of monetary policy over the forecast period is likely to be necessary” was how the Bank of England worded the forward guidance at its quarterly review on Thursday. It sounded like tough talk. Indeed, the BOE is the first of the major central banks to set out a template for reducing stimulus, with parameters for when the ...

Bloomberg The UK’s long-promised strategy for reducing carbon emissions from heating drafty homes will be published next month, Business Secretary Kwasi Kwarteng said, as the government gears up to host a key climate change summit in the fall. During a media round, Kwarteng suggested the so-called heat and buildings strategy may include a plan for phasing out gas boilers. He ...

Bloomberg Ambri Inc, a Bill Gates-backed venture that makes batteries for power grids, said it secured $144 million to build production plants in funding led by billionaire Mukesh Ambani’s Reliance Industries Ltd and Paulson & Co. Plans include a pilot facility and a subsequent commercial-scale site in the US, followed by two more abroad in yet-to-be-determined locales. Reliance, India’s most ...

Bloomberg Canada’s Inter Pipeline Ltd told shareholders to accept a $6.8 billion hostile takeover offer from Brookfield Infrastructure Partners LP, days after walking away from a friendly deal with Pembina Pipeline Corp. The move pushes the monthslong battle for Canada’s fourth-largest midstream company closer to a resolution. Brookfield sweetened its bid to win over Inter Pipeline shareholders, while prominent advisory ...

Bloomberg Just nine days after the UK granted vaccinated Americans quarantine-free entry, JetBlue Airways Corp is making its first foray into transatlantic service, starting flights on the world’s most lucrative air route—from New York’s John F Kennedy International Airport to London Heathrow—on Wednesday. It’s a long-awaited move for fans of the carrier, which has made its name offering affordable, friendly ...

Bloomberg The Boeing Co 737 Max jet that’s in China for a flight test for regulators took to the skies above Shanghai on Wednesday, potentially a step toward lifting the plane’s more than two-year grounding in the country. The jet took off at 9:24 am local time, flew southeast along the coast and then headed out to sea, according to ...