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

AL AIN / WAM Abu Dhabi Health Services Company (Seha) has expanded its Mezyad Healthcare Centre, which is managed by Ambulatory Healthcare Services (AHS), to include a new building for specialty clinics in efforts to meet the community’s ongoing healthcare needs. The new 2-storey building comprises 14 rooms and provides a range of new specialty services, including cardiology, ophthalmology, ENT, ...

SHARJAH / WAM The Sharjah Electricity, Water and Gas Authority (Sewa) has completed 50 percent of the project to extend a strategic line to transfer water from Al Rahmaniya to Al Azra, to enhance the efficiency of the network and regulate water pressure, as well as serve all the areas that it passes through, especially the Sustainable City next to ...

MOSCOW / WAM A field of nine strong horses, aged four years and above from Russia, will compete in the sixth leg of the 28th UAE President’s Cup World Series for Purebred Arabian Horses, on Sunday, August 15, 2021. The Central Moscow Hippodrome, the largest horse racing track in Russia, will host the €50,000 Group 1 (2000 metre) race. Faisal ...

The spillover has already begun, before the Taliban have even reached Kabul. City after city is falling as the extremist insurgents draw closer to the capital. And it will only get worse from here as the conflict expands beyond Afghanistan’s borders. Extremist groups based in the country, some with transnational agendas like al-Qaeda, now have a template for defeating governments ...

Reebok may not be the old man shoe for long. Adidas AG said that it had agreed to sell the brand —the maker of the Reebok classic that was briefly the most in-demand “Dad” sneaker around — to Forever 21 owner Authentic Brands Group Inc. The price could end up being 2.1 billion euros (close to $2.5 billion). The sale ...

In just a few months, the rental market in many New York City (NYC) neighbourhoods has flipped from stagnant to red hot. The value of move-in incentives to entice renters in Manhattan hit the lowest in a year as of July, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. In Brooklyn, new lease signings were the ...

One of the saddest stories of the year has gone largely unreported: the slowdown of political and economic progress in sub-Saharan Africa. There is no longer a clear path to be seen, or a simple story to be told, about how the world’s poorest continent might claw its way up to middle-income status. Africa has amazing human talent and brilliant ...

Bloomberg China continues to announce new steel mills and coal-fired power plants even as the country maps out a path to zeroing out heat-trapping emissions. State-owned firms proposed 43 new coal-fired generators and 18 new blast furnaces in the first half of 2021, the Centre for Research on Energy and Clean Air said in a report. If all approved and ...

Bloomberg The global gas rally left a bitter aftertaste for one US shale driller that posted negative revenue after it had to write down the value of its output hedges. Vine Energy Inc reported negative revenue of $64.5 million in the second quarter, leading to a $360 million loss for the period, according to a filing with the US Securities ...

Bloomberg Airbus SE’s dedicated freighter is drawing interest from major cargo firms, after the European planemaker got board approval to launch the jet late last month. Airbus confirmed in late July its directors had signed off on a plan to produce a freighter version of the A350 jet by 2025, enabling it to counter rival Boeing Co’s dominance of the ...