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

AJMAN / WAM Ajman Free Zone (AFZ) showcased its advanced capabilities as a viable environment for educational institutions during its participation at the Ajman International Education and Training Exhibition (Aetex) 2021. AFZ has become an attractive destination for educational institutions to establish their operations in the United Arab Emirates and continues to witness a growing interest among higher education, training ...

Sharjah / WAM Sharjah-based low-cost carrier Air Arabia has announced the resumption of direct flights between Sharjah and Moscow starting May 1. Customers can now book their direct flights between Sharjah and Moscow by visiting Air Arabia’s website, by calling the call centre or through travel agencies. Ensuring the highest standards of safety at every step of the journey by ...

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD), which has been conducting research to assess the state of fish stocks since 2001, recorded a noticeable improvement in the state of fish stocks during 2020 for some of the major commercially fished species in Abu Dhabi waters. Following continued efforts under the directives of HHSheikh Hamdan bin Zayed ...

The desperate scenes playing out in India may foreshadow a dangerous new phase of the pandemic where people die in droves, not of the disease so much as a lack of proper medical care. The situation could get a lot worse thanks to a sudden shortage of medical oxygen in the country. Oxygen is one of most straightforward and proactive ...

Google’s parent Alphabet Inc is turning out to be one of the biggest winners of the economic reopening trade. The company posted first-quarter sales results that were significantly higher than expected. Underlying the impressive performance were clear signs that the strength in the internet giant’s search advertising business may be sustainable for some time to come. Its resurgence may be ...

More than three years after Foxconn Technology signed a boondoggle deal with Wisconsin to bring cutting-edge technology to the Midwestern state, the project has finally been trimmed back to a scale that’s actually realistic and palatable to all parties. Now, the Taiwanese manufacturer is likely to try rebuilding credibility in the US through an industry that makes far more sense ...

When it comes to Covid-19 vaccinations, Britain has been a bit of a renegade. At the outset of the global rollout, the UK — in an effort to inoculate as many people as possible as quickly as possible — started its campaign by lengthening the time interval between the first and second shots beyond what was indicated from trials. Instead ...

Bloomberg South Korea led the developed world to join China in exceeding the size of its pre-pandemic economy, as investment and exports helped it expand faster than expected. Gross domestic product grew 1.6% during January-March from the previous quarter, the Bank of Korea said, easily beating economists’ consensus for a 1.1% expansion. That pushed GDP above the level at the ...

Bloomberg Widespread school closures amid the pandemic will likely reduce students’ future productivity and wages, the Asian Development Bank (ADB) said, estimating the present value of prospective lost earnings at $1.25 trillion for developing Asia. The region’s students, who on average have lost nearly one-third of the academic year to school closures, could see a 2.4% decline in their future ...

Bloomberg Zomato Ltd, an Indian food delivery startup backed by Jack Ma’s Ant Group Co, has filed an initial prospectus with Indian market regulator for an initial public offering that could raise as much as 82.5 billion rupees ($1.1 billion). The company plans to issue new shares to raise a maximum 75 billion rupees, while its major shareholder Info Edge ...