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

DUBAI-BERBERA / WAM DP World Berbera, a regional maritime hub in the Horn of Africa, on Tuesday welcomed the arrival of three new ship-to-shore (STS) gantry cranes, as part of its current project to expand and further develop the Port of Berbera. The three cranes were brought to the port by the vessel Zhen-Hua 29, and were safely off-loaded in ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 208,085 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, 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 ...

DUBAI / WAM Expo 2020 Dubai has urged UAE citizens and residents who wish to act as ambassadors for the country and help welcome millions of visitors to the first World Expo in the region to sign up for the Expo 2020 Volunteers Programme, with applications set to close on March 31. Following a huge response garnered with the support ...

ABU DHABI / WAM The court in charge of the fight against money laundering and tax evasion within the Abu Dhabi Judicial Department (ADJD) convicted four accused persons, all Asians, and a company owned by one of the accused, for committing money laundering and fraud against 4,000 victims of the same nationality and appropriating their money by enticing them with ...

Dubai / Emirates Business On Monday, March 16, 2020, Emirates flight EK 2503 took off from Dubai to Kuwait. Although operated on a Boeing 777-300ER passenger aircraft, EK 2503 carried no passengers but about 34 tonnes of bellyhold cargo that was urgently required in Kuwait. It was the first time in the history of its operations that Emirates had operated ...

Bloomberg The UK’s oil and gas industry faces a struggle to recover from an investment slump sparked by the coronavirus and in the longer term will have to manage a prolonged decline in output, according to its trade body. Production may decline further this year and next, following a 5% decrease in 2020, Oil & Gas UK said in a ...

Bloomberg Germany’s greenhouse-gas emissions fell by the most since 1990 last year as its exit from coal started to hit and the pandemic reduced transportation. Foreign Minister Heiko Maas is looking to put Europe’s biggest economy at the forefront of the fight against climate change, calling for the development of a global market for green hydrogen as a two-day energy ...

With the Covid-19 relief bill behind us, attention is turning to infrastructure — a longstanding priority for President Joe Biden’s economic recovery program. A big infrastructure bill would achieve multiple goals at the same time: putting Americans to work, raising wages, strengthening the economy, improving industrial competitiveness and speeding the transition to green energy. Given the confluence of all of ...

As more Americans get vaccinated, there is increasing talk of “vaccine passports.” There are strong emotional reactions to this idea, positive and negative, but my attempt at a more analytical view leads me to a conclusion that is not entirely satisfying (even to me): America should work to develop vaccine passports but never actually require them. First, I am not ...

Cathie Wood is a superstar. In just one year, her ARK Investment Management took in nearly $40 billion of new money, behind only Vanguard Group and BlackRock Inc’s iShares, each of which has hundreds of funds. Last year, the performance of her flagship ARK Innovation ETF, which holds next-generation tech frontiers such as Tesla Inc and Square Inc, was nothing ...