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

At first blush, this coronavirus pandemic would seem to be social media’s moment. Social distancing has us stuck in our homes, cut off from family and friends, trying to work, parent or — blessed be — both, and most of all trying to keep up with the avalanche of information coming out every day about Covid-19. Indeed, Facebook use is ...

As recently as a few weeks ago, it seemed as though UK politics could not possibly talk about anything besides Brexit, even after the country’s formal departure from the EU. Business as usual was expected to return at some unspecified point in the future. As elsewhere, the coronavirus has turned British politics on its head. Unlike Brexit, which continues to ...

With large swaths of the country turning to social distancing to reduce the spread of the coronavirus, economic activity has taken a big hit. This has led some, including President Donald Trump, to suggest that the “the cure” might “be worse than the problem” and to argue for easing distancing measures in a couple of weeks to get the economy ...

If, in the midst of the coronavirus pandemic, you are in Minneapolis and you drop your iPhone, who will repair the cracked screen? If you’d like an authorised repair, with Apple Inc-certified parts, the options are suddenly limited. Apple’s retail stores, and the service centres inside of them, are closed indefinitely. Similarly, Twin Cities-based Best Buy Co, which offers authorised ...

The Senate has passed a $2 trillion spending bill to fight the economic devastation wrought by the coronavirus pandemic. [And Donald Trump signed $2 trillion coronavirus relief bill as the US tries to prevent economic devastation]. Time is of the essence. With many cities and states under shutdown to stop the spread of the disease, businesses are laying off millions ...

President Donald Trump isn’t the only one who wants to reopen the country as quickly as possible as it deals with the coronavirus pandemic. Everyone wants that — we want to get businesses and schools up and running again, and we want to get back to our normal lives, which include seeing friends and colleagues in person instead of through ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, reviewed the global fight against coronavirus (Covid-19) in a phone call with Egyptian President Abdulfattah El Sisi. The conversation covered the prospects of further consolidating the brotherly relations between the two sisterly countries in ...

Bloomberg The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies. Onshore tanks in many markets are full, forcing traders to store excess oil in idle supertankers. Refineries are starting to shut down because nobody needs the fuels they produce. In physical oil markets, barrels are already changing hands for ...

Abu Dhabi / WAM The total cumulative balance of letters of guarantee and other credit facilities provided by banks and other business entities in the UAE significantly grew to AED4.533 trillion in February, 2020, an increase of AED186 billion, or 4.3 percent approximately, from AED4.347 trillion in January, statistics by the Central bank of the United Arab Emirates have shown.

DUBAI / WAM Under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, His Highness Sheikh Ahmed bin Saeed Al ...