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 The Abu Dhabi National Exhibitions Company (Adnec), part of ADQ, has added a new hotel to its portfolio: the DoubleTree By Hilton London ExCel. The announcement comes in line with Adnec’s long term investment strategy aimed at diversifying its business across the Group and achieving optimal integration of its assets through diversified economic sectors. The addition ...

Dubai / WAM Mohammed bin Rashid Aerospace Hub (MBRAH), based in Dubai South, announced that private-jet movements continued their impressive growth in 2021, with more than a 346 percent increase in H1 2021, reaching 8,088 compared to 1,811 in H1 2020 and 3,056 in H1 2019. The top four destinations that contributed to the increase during H1 2021 were Russia, ...

Dubai / WAM Emirates is expecting high passenger volumes to pass through Terminal 3 at Dubai International this weekend, July 16-17, as traveller numbers reach among their highest levels since the pandemic began. With added safety measures and Covid-19 travel requirement checks in place, travellers may encounter longer than expected waiting times at Emirates check-in counters. Customers starting their journey ...

ABU DHABI / WAM The Ministry of Education signed a Memorandum of Understanding (MoU) with the Congregation for Catholic Education at the Holy See, Vatican, to strengthen their cooperation in education. The MoU was signed by Hussain bin Ibrahim Al Hammadi, Minister of Education, and Cardinal Cardinal Giuseppe Versaldi, Prefect of the Congregation for Catholic Education and President of Pontifical ...

Dubai / WAM Enoc Link, the digital mobile fuel delivery service for businesses in the UAE by Enoc group, on Wednesday announced its plans to roll out its new and world-first eLink Station across the UAE. The eLink Station is a mobile fuelling format that will enable motorists and customers easy access and convenient fuelling services. It is designed to ...

President Joe Biden says the US is facing a crisis of democracy, but he’s not acting as though he believes it. In a speech in Philadelphia, Biden said that the voting system is threatened as it has not been since the Civil War. His recommended solution is to pass legislation that has been known for months to be dead in ...

A revolution is pending in finance, and the world is only beginning to realise the transformations it is likely to bring. Financial institutions will have to take a radically different approach to information technology just to stay in business. Bullish Global, a crypto firm, is planning to go public this year, with an expected valuation of $9 billion. Circle Internet ...

From electric carmakers to space tourism to online learning firms, special-purpose acquisition companies (SPAC) have provided an easy route to the public markets for businesses with, generously, a long path to profitability. The SPAC boom is now also smoothing the way for a legacy media company — Britain’s biggest newspaper — to leave the public markets through a wily feat ...

The European Union wants to prove to the world just how serious it is about fighting climate change. But can it coerce other countries to act as decisively? On Wednesday, the European Commission was expected to outline a hugely ambitious package of climate legislation with the aim of achieving the bloc’s goal of cutting greenhouse gas emissions by at least ...

Bloomberg Air France-KLM has begun negotiations with Boeing Co and Airbus SE on what could be the group’s biggest-ever aircraft order as it seeks to expand low-cost operations and renew part of its main Dutch fleet. The 160 single-aisle planes would be destined for the Transavia discount division and European operations at KLM, a spokesman said. The brands currently operate ...