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

SHARJAH / WAM To boost investment activity in Sharjah, the Alef Group, a leading real estate developer and a pioneer in developing world-class lifestyle experiences in Sharjah, and the Sharjah Investors Services Centre (SAEED) recently signed an MoU to provide more facilities for investors and entrepreneurs to establish or expand their businesses in the emirate. The agreement was signed by ...

There’s a strong case that Congress should give legal status to millions of immigrants who are here illegally, at least under certain conditions. There’s a case, reasonable though not as strong, that we ought to have legislative rules that allow a bare majority of Congress to make that change in our laws. There is, by contrast, no real case that ...

Chinese billionaire Li Shufu has made a habit of shuffling around the pieces of his sprawling empire to find the best value. Yet none of that grand strategising has addressed his main problem: a growing pile of debt. Every few months, Zhejiang Geely Holding Group Co, the parent company of Hong Kong-listed Geely Automobile Holdings Ltd and Sweden’s Volvo Car ...

With the highly transmissible delta variant spreading rapidly in the US and Covid-19 vaccine uptake in some areas still disappointingly low, it makes sense to push every lever available to get people protected. One underused tool is is the cost of health coverage. Health insurance is a significant expense for many Americans and could create powerful financial motivation for holdouts ...

As President Joe Biden moves towards another legislative victory — namely, the $550 billion infrastructure bill — it’s worth asking what its success says about American politics. Mostly it’s good news, whether or not you agree with the policies of the Biden administration. The most enduring truth is that the median voter theorem, as social scientists refer to it, continues ...

Bloomberg American Airlines Group Inc agreed to buy a stake in JetSmart Airlines SpA, a privately held, low-cost carrier based in Chile, and establish a partnership that the larger carrier hinted could open the door to additional deals with other discounters operated by Indigo Partners LLC. American will spend an undisclosed amount for an unspecified minority stake in JetSmart, one ...

Bloomberg A federal official has recommended overturning the results of a union election at an Amazon.com Inc warehouse in Alabama, giving the retail union an opportunity to reverse its defeat, according to people familiar with the issue. After losing the election in April, the Retail, Wholesale and Department Store Union appealed the outcome to the National Labor Relations Board, setting ...

Bloomberg Amazon.com Inc is tacking on a delivery fee for Prime members who shop at Whole Foods Market in several US cities, an indication that the economics of grocery delivery continue to pose a challenge for even the world’s largest online retailer. Shoppers were informed of a $9.95 service fee for deliveries beginning on August 30 in the Boston and ...

Bloomberg Hong Kong’s retailers saw a sharp downturn in June as the city’s borders remain closed to tourists, with businesses looking ahead to the distribution of consumption vouchers for a boost in coming months. Retail sales by value grew 5.8% in June from a year ago to HK$28.1 billion ($3.6 billion), a government report showed, well short of the 14.1% ...

Bloomberg Alibaba Group Holding reported revenue that missed estimates, suggesting plans to hike spending in pursuit of growth have yet to gain traction. Revenue for the three months ended June climbed from a year earlier to 205.7 billion yuan ($31.8 billion), compared with the 209.4 billion yuan average of analyst estimates. Net income was 45.1 billion yuan, rebounding from a ...