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 Abu Dhabi Ports on Saturday announced that it has embarked on a wide-ranging network service upgrade across ZonesCorp, part of the Industrial Cities & Free Zone Cluster of Abu Dhabi Ports, to ensure non-stop gas supply to its customers. The system modernisation will take place over the next several months as part of a continuous comprehensive ...

ABU DHABI / WAM The Traffic and Patrols Directorate of the Abu Dhabi Police (ADP) has recorded 27,076 distracted driving violations during the first half of 2021. According to statistics and analytical studies, distracted driving is among the most dangerous offenses, as it may lead to serious injuries and even cost lives. The Directorate stressed the importance of maintaining focus ...

ABU DHABI / Emirates Business Khalifa Saif Almehairbi, Chairman of the Board of Directors of Arabian Gulf Investments Company, confirmed that the UAE real estate sector has proven its strength, position and ability to recover quickly, in conjunction with the high demand for the purchase of housing units and lands in various parts of the country, so that UAE real ...

DUBAI / WAM Dubai’s hotel sector is gearing up for Expo 2020 Dubai, the world’s largest and most impactful event ever to take place in the Middle East, Africa and South Asia (MEASA) region, from October 01, 2021, to March 31, 2022, while recovery from the Covid-19 is gaining momentum globally and the UAE is getting ready to celebrate its ...

Did you hear? Facebook Inc is going to become a metaverse company. At least that’s the story its management wants everyone to believe after a flurry of interviews and announcements over the past couple of weeks. It’s a narrative that seeks to put the social-media giant at the leading edge of one of the most audacious concepts in tech. I’m ...

It’s hard to find logic in the actions of a leadership that attacks doctors and nurses at the height of a pandemic. And yet that’s happening in Myanmar. In response to civil disobedience by medical staff after a military coup in February, soldiers have hijacked ambulances, arrested personnel and confiscated equipment. In a collapsing state, it’s helping to accelerate a ...

The Federal Reserve and Chair Jerome Powell have come under fire the last couple of months for seemingly ignoring the spike in inflation. The latest salvo came, when Senator Joe Manchin, the West Virginia Democrat, urged Powell to start pulling back on the Fed’s $120 billion in monthly bond purchases aimed at providing stimulus. Failing to do so “will lead ...

A certain school of thought holds long-term targets as meaningless, as the people making them will no longer be in their job by the time they are proved right or wrong. That’s especially the case for a two-term limited US president. But when it comes to Joe Biden and electric vehicles, it hardly matters whether his new target for 2030 ...

Bloomberg Airbus SE has encountered issues with the production of its flagship narrow-body model, just as it begins ramping up jetliner build rates following coronavirus lockdowns. Customer Air Lease Corp said on an analyst call that some A321neo handovers due this year have been pushed back as Airbus struggles with pandemic and supply-chain issues. The lessor added in a filing ...

Bloomberg Adidas AG fell the most in four months as investors looked past a modest increase in profit guidance and focused instead on weaker demand in China and factory shutdowns in Vietnam. While revenue in Europe and North America almost doubled in the second quarter, boosted by the phasing out of pandemic restrictions and a return of major sporting events, ...