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

The federal government’s $2 trillion economic relief bill to help the nation cope with the fallout from the coronavirus pandemic has many excellent features. The amount of money is large — probably enough to cushion and sustain the economy for the next two months. To some extent, the bill addresses the needs of individuals, families, small businesses, big businesses, and ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), is positioned to drive value for the UAE and will continue to invest responsibly to deliver on its 2030 smart growth strategy during this complex and challenging period. Following the UAE leadership’s wise guidance, Adnoc will remain focused on its core pillars of efficiency, profitability, performance and people, reinforce ...

Bloomberg The world’s workers are reeling from the initial shock of the coronavirus recession, with job losses and welfare claims around the globe already running into the millions this week. As the International Labour Organisation (ILO) warns of almost 25 million layoffs if the virus isn’t controlled, the cuts from Austria to the US reflect the deepest peacetime recession since ...

Bloomberg The Opec+ meeting to try to end the oil price war is unlikely to go ahead of Monday as previously expected, as Riyadh and Moscow engaged on a war of words about who’s to blame for the collapse in oil prices. The Opec+ alliance needs more time for negotiations, a delegate familiar with the matter said, noting the meeting ...

ABU DHABI / WAM The Ministry of Health Prevention (MoHAP) and the Ministry of Interior (MoI) have announced the continuation of the ‘National Disinfection Programme’, as part of the preventive and precautionary measures taken by the UAE to contain Covid-19. The two ministries said new facilities and establishments would be added to disinfection plan in all emirates of the country. ...

Sharjah / Emirates Business In support of the UAE’s directives to keep members of the community safe at home in the wake of the global coronavirus disease (Covid-19) pandemic, and to encourage healthy eating habits in families, the Sharjah Investment and Development Authority (Shurooq) has launched a free delivery initiative of organic foods to support families in need in Sharjah. ...

ABU DHABI / WAM The UAE has played a key role in supporting global and regional demining efforts, as well as in reducing the social and economic effects of mines, especially in Yemen, Lebanon, Afghanistan, Kosovo and Kuwait. In observance of the International Mine Awareness Day, the Emirates News Agency (WAM) highlights the country’s tremendous efforts to remove mines in ...

ABU DHABI / WAM The Ministry of Health Prevention (MoHAP) and the Ministry of Interior (MoI) have announced the continuation of the ‘National Disinfection Programme’, as part of the preventive and precautionary measures taken by the UAE to contain Covid-19. The two ministries said new facilities and establishments would be added to the disinfection plan in all emirates of the ...

Abu Dhabi / WAM Local markets do not face any shortage of consumer and non-consumer commodities, especially the basic essentials, the Ministry of Economy has affirmed. Control and monitoring of prices of consumer commodities is a priority for its market monitors, the ministry said in a statement. The ministry is coordinating daily with the concerned local departments and bodies as ...

Abu Dhabi / Emirates Business The Abu Dhabi Digital Authority (ADDA), the government entity that leads the digital transformation in the emirate of Abu Dhabi, announced the launch of the “Abu Dhabi Connect” project under the umbrella of the Abu Dhabi Government Services ecosystem, “TAMM”, through which more than 50 hard-copy documents have now been transformed and integrated with the ...