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

Dubai / Emirates Business Emaar Malls recorded an increase in net profit by 169 percent to AED318 million during the first quarter (January to March) of 2021, compared to the net profit of AED118 million, during the last-quarter (October to December) of 2020. Revenue for the first three months of 2021 amounted to AED901 million. Emaar Mall’s e-commerce fashion and ...

Dubai / Emirates Business Emirates has set up a humanitarian airbridge between Dubai and India to transport urgent medical and relief items, to support India in its fight to control the serious Covid-19 situation in the country. Emirates will offer cargo capacity free of charge on an “as available” basis on all of its flights to nine cities in India, ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 203,147 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

SHARJAH / WAM Dana Gas on Sunday announced its financial results for the first quarter ended March 31. Net profit was up by 41 percent in Q1 2021 reaching $24 million (AED88 million) as compared to $17 million (AED62 million) in Q1 2020. The increase in net profit was the result of improved revenues from higher production in the Kurdistan ...

ABU DHABI / WAM The UAE State Audit Institution (SAI) and the United Nations Office on Drugs and Crime (UNODC) have signed an agreement concerning the implementation of the “Abu Dhabi Declaration” issued by the eighth session of the Conference of the States Parties to the United Nations Convention against Corruption held in Abu Dhabi in December 2019. The agreement ...

KINSHASA / WAM DP World, a leading global provider of end-to-end logistics solutions, is set to start the development of the deep sea port at Banana, following agreement on amendments to the initial contract between the company and the Government of the Democratic Republic of the Congo. A term sheet summarizing the amendments to the contract, which was signed in ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced on Sunday that it has received three prestigious ISO certifications in the fields of data quality management, health informatics and data analysis. The ministry’s Statistics and Research Centre was awarded certificates after meeting the requirements of the three ISO standards, and passing comprehensive audits conducted by a specialised ...

In pursuing its “forever war” in Africa, France has tolerated autocrats and warlords in exchange for commitment to its counterterrorism goals. But President Emmanuel Macron is beginning to discover that the former often undermines the latter. At the start of the year, Macron entertained the fantasy of scaling back Operation Barkhane. The campaign, which began in 2013 in the band ...

Supply chains have rarely been under greater strain, but that upheaval is helping generate massive profits for shipping and postal companies. Two European logistics giants — AP Moller-Maersk A/S and Deutsche Post AG (owner of courier DHL) — delivered record earnings, just as US delivery giant United Parcel Service Inc did the week before. On the face of it, logistics ...

When Google renamed itself Alphabet Inc in 2015, co-founder Larry Page revealed that one of the new name’s meanings was a pun: alpha-bet, as in “a bet on investment returns above a benchmark.” This implied that the so-called “Other Bets” in Google’s financial reports — subsidiaries that work on projects ranging from self-driving cars to cancer cures — aren’t just ...