CAIRO / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Abdel Fattah el-Sisi, President of Egypt, on Wednesday discussed the prospects of further consolidating the strong cooperation ties between the UAE and Egypt. This came as President el-Sisi received His Highness Sheikh Mohamed bin …
Read More »
Bloomberg The president of Opec reiterated that the oil producers’ cartel shouldn’t rush to increase output early next year and said energy demand was still fragile with the coronavirus raging across parts of the world. Algeria’s Energy Minister Abdelmajid Attar, who holds Opec’s rotating presidency, said there was no guarantee the group and its allies would raise crude production by …
Read More »
Bloomberg Oil came off session highs as the Organisation of Petroleum Exporting Countries (Opec) cut forecasts for oil demand again, pointing to uncertainties around the pandemic and the rollout of vaccines. Futures were little changed after rising as much as 1.9% in New York. The Opec in a monthly report reduced projections for global fuel consumption in the first quarter …
Read More »
BAHRAIN / WAM Bahrain’s Investcorp on Monday announced that it has acquired Sanos Group, a leading provider of specialised clinical trial services to the global pharmaceutical and biotechnology industry. Based in Denmark, Sanos is a global Contract Research Organisation (CRO) providing value-added services to pharma, biotech and research organisations to help plan and conduct clinical trials, a critical part in …
Read More »ABU DHABI / WAM The Muslim Council of Elders, under the Chairmanship of His Eminence Dr Ahmed el-Tayeb, the Grand Imam of Al-Azhar, has announced the launch of the ‘Hokama Peace Academy’ as part of its continued commitment to spreading the values of tolerance, peace and coexistence among the next generation of academics, scholars and leaders. The inaugural edition of …
Read More »
Bloomberg The UK will become the first major industrialised nation to end all public finance for fossil fuel projects overseas, in an effort to mark itself out as a leader in tackling climate change. Prime Minister Boris Johnson was expected to make the announcement at a virtual United Nations summit , which he’s co-hosting with France, Italy and Chile. More …
Read More »
NEW YORK / WAM The Covid-19 pandemic has revealed just how important it is for all countries to have strong health systems that provide the entire population with quality services when and where they need them, UN Secretary-General Antonio Guterres has stressed. “For Universal Health Coverage Day, let us commit to ending this crisis and build a safer and healthier …
Read More »
NEW DELHI / WAM The Indian government has identified “sunrise sectors” for investors in the Gulf with the thrust on joint ventures in infrastructure and manufacturing, integrating into supply chains and tapping sovereign wealth funds. This was stated by the Minister of State for External Affairs, V Muraleedharan, in his keynote address to a panel discussion here on “India and …
Read More »
MONTREAL / WAM Salvatore Sciacchitano, President of the International Civil Aviation Organisation (ICAO) Council, said that innovation will play a key role in the aviation sector’s recovery strategies. “Looking forward to a post-pandemic world, innovation will be at the very heart of the new era in aviation which is now dawning,” said Sciacchitano in a statement on the International Civil …
Read More »ABU DHABI / WAM The two-day World Space Forum, which will begin on Wednesday, is a key global forum that aims to achieve the United Nations (UN) Sustainable Development Goals and ensure the ideal global utilisation of space discoveries and science technologies. Theme “Space for Our Future”, the event brings together experts and policymakers from regional, national and local institutions …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.