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

Abu Dhabi / Emirates Business Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has expanded its digital portfolio by launching the first version of its mobile application, offering customers the ability to gain real time access to information on-the-go. Building on the success of Etihad Cargo’s iCargo platform and etihadcargo.com, the optimised mobile app boasts an array ...

Sharjah / WAM The Big Heart Foundation, (TBHF) the Sharjah-based global humanitarian charity dedicated to helping refugees and people in need worldwide received 242 nominations from 52 countries for the fourth edition of the Sharjah International Award for Refugee Advocacy and Support (SIARA). Of the total number of nominations received, 49 percent were from Africa, 44 percent from Asia, five ...

DUBAI / WAM While health authorities across the world are asking travellers to postpone their travel plans unless necessary, it is important for those who travel to know the checks and measures in place as well as their responsibility, especially if they have recently travelled to places of widespread coronavirus transmission. The UAE Ministry of Health and Prevention asked all ...

Bloomberg Bond buyers are spearheading the development of the green bond market, according to Toyota Motor Corp, which has been selling the debt through one of its units for years. “It’s really starting to be driven by investors,” said Adam Stam, director of capital markets at Toyota Motor Credit Corp, the finance arm of the Japanese car company. At a ...

Bloomberg Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks. The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth and pushed him to No. 2 on ...

Bloomberg The Philippines, with a population of more than 100 million, had only 2,000 novel coronavirus test kits available earlier this week as the number of infections jumped. Its government once had 4,500 kits in stock, but the number dwindled to 2,000 as the number of people who wanted to be diagnosed surged, Health Assistant Secretary Maria Rosario Vergeire said. ...

Bloomberg Chinese President Xi Jinping visited the coronavirus epicentre of Wuhan for the first time since the disease emerged, a trip intended to project confidence that his government has managed to stem its spread domestically. Xi arrived on Tuesday morning in the capital of Hubei province, the official Xinhua News Agency said. He visited Huoshenshan Hospital, one of the two ...

Bloomberg China’s economy is beginning to revive, as the government signals progress in battling the coronavirus outbreak that has killed more than 3,100 people and sickened tens of thousands at home. Government controls and the fear of going outside have curtailed consumer spending, and many factories are still not working at full capacity due to clogged logistics systems, a lack ...

Bloomberg Two months after Japan confirmed its first case of the new coronavirus, PM Shinzo Abe is finally setting up a legal framework to let him declare a nationwide state of emergency if the outbreak worsens. Like many of Abe’s responses to the crisis — from restricting visitors from virus-hit areas to bolstering the local mask supply — the introduction ...

Bloomberg Goldman Sachs Group Inc asset managers cut borrowing for two energy funds, which saw their top holdings fall by one-third in two days amid “unprecedented” volatility in commodity prices, resulting in a “material impact” on their net asset value. The bank has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy ...