Bloomberg The long-awaited policy rescue for Chinese developers finally landed this month to ease a severe liquidity crunch. The hurdle of collapsing home demand may prove just as steep a challenge. Assets linked to the nation’s fragile real-estate sector have rallied over the past two weeks after regulators introduced directives that addressed everything from companies’ liquidity problems to the ...
Read More »
Abu Dhabi / WAM Mubadala Investment Company and AirCarbon Exchange (ACX) have successfully completed a transaction under which Mubadala has acquired a strategic stake in ACX, supporting ACX’s establishment of the first fully regulated carbon trading exchange and carbon clearing house in Abu Dhabi. ACX, based in Hub71, is a global environmental commodities exchange that uses distributed ledger technology ...
Read More »DUBAI / WAM The ambitious Emirates Lunar Mission (ELM) of the Mohammed Bin Rashid Space Centre (MBRSC) is set to launch on November 28 at the earliest, at 3.46 am US Eastern Standard Time/12.46 pm UAE Time. The dates and times are subject to change depending on weather and other conditions. The announcement follows the confirmation of Rashid Rover’s ...
Read More »
Abu Dhabi / WAM Adipec 2022 has generated an estimated $8.2 billion in business for exhibiting companies, a survey conducted across the 2,200 exhibitors has revealed. Adipec took place in Abu Dhabi from October 31 to November 3, gathering some of the best minds from energy markets around the world to address critical issues facing the energy sector, including ...
Read More »
Abu Dhabi / WAM Masdar, one of the world’s leading renewable energy companies, announced on Thursday that it has signed a memorandum of understanding (MoU) with Jordan’s Ministry of Energy and Mineral Resources to explore collaboration in renewable energy projects with a total capacity of up to 2 gigawatts (GW). The MoU was signed by Dr Sultan bin Ahmed Al ...
Read More »
ABU DHABI / WAM As visitors begin flying for the winter break and the many spectacular events taking place in Abu Dhabi, Etihad Airways looks forward to welcoming over 1.5 million travellers at Abu Dhabi International Airport. Shaeb Al Najjar, General Manager Hub Operations, Etihad Airways, said, “There has never been a better time to experience Abu Dhabi, with the ...
Read More »Abu Dhabi / WAM Abu Dhabi Maritime, established by the Department of Municipalities and Transport and AD Ports group as the primary custodian of Abu Dhabi’s waterways, announced that it has launched a new Public Water Taxi service within the greater Yas Bay and Raha Beach community, in collaboration with Miral, Abu Dhabi’s leading creator of immersive destinations and ...
Read More »
ABU DHABI / WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will inaugurate the fourth ordinary session of the 17th legislative chapter of the Federal National Council (FNC) on Monday. President His Highness Sheikh ...
Read More »
Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Abu Dhabi Investment Office (ADIO) signed a memorandum of understanding (MoU) to promote cooperation in attracting foreign investments and capacity building. Both entities agreed to strengthen the UAE’s profile as an ideal destination for trade and investment, principally by enhancing the efforts of UAE ...
Read More »
ABU DHABI / WAM The Sheikh Zayed Festival will begin on Friday and welcome visitors from all over the world with a line-up of cultural entertaining events and attractions including breathtaking drone shows and fireworks displays in celebration of the first day. The festival will run until March 18, 2023 at Al Wathba in Abu Dhabi. The Higher Organising Committee ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.