DUBAI / WAM Despite softening slightly in September, growth in the UAE’s non-oil private sector remained sharp and marked the strongest quarter recorded for two years, according to the latest UAE PMI survey. It added, “The latest improvement in business conditions was driven by above-average expansions in both output and new orders. That said, new business from abroad slipped back …
Read More »KHOBAR / Reuters Abu Dhabi Future Energy Company (Masdar) and EDF Energies Nouvelles have submitted the lowest bid to build the first utility-scale solar plant in Saudi Arabia, reports said. The 300-megawatt solar photovoltaic (PV) project is in Sakaka, the Al Jouf Province in the north of the kingdom. The two companies submitted a joint bid for a levelised cost …
Read More »
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has ordered the creation of an air bridge to provide critical relief supplies for the Rohingya refugees fleeing from the conflict in Myanmar. The air bridge, which reaffirms Dubai’s commitment to support the emergency efforts of UN and Non-Govermental …
Read More »
Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said that supporting youth in the Arab world and giving them hope is the best guarantee of a prosperous future for the people of the region. He further said that youth are the real assets for innovation and development to face challenges, and …
Read More »
Abu Dhabi / Emirates Business Etihad Airways is re-timing its daily Abu Dhabi – Medina flights to a daytime operation and will also introduce three additional weekly services during the peak winter period. Effective February 1, 2018, the current overnight departure from Abu Dhabi will be replaced by a mid-morning flight offering an attractive schedule for travellers flying between the …
Read More »Abu Dhabi / WAM The Al Ain Book Fair (AABF), held at the Al Ain Convention Centre from September 25, has now closed its 9th edition. The Book Fair, organised by the Abu Dhabi Department of Culture and Tourism, attracted 47,577 visitors, an increase of 10 percent over the previous year. Throughout AABF, visitors were introduced to thousands of specialist …
Read More »Abu Dhabi / WAM Housing assistance and loans provided by the Sheikh Zayed Housing Programme, since it was founded in 1999, have reached AED30 billion, revealed Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Programme. He stressed that the government housing sector is one of the government’s priorities, as the wise leadership remains …
Read More »
Dubai / WAM In an endeavour to step up support for green financing and to leverage innovative finance mechanisms, the World Green Economy Summit (WGES 2017), set to be held on October 24-25 at Dubai International Convention and Exhibition Centre, will highlight the role of financing and investment solutions in the transformation towards the green economy. Held under the patronage …
Read More »
Dubai / Emirates Business The GCC food services sector is headed for further growth with key indicators such as a growing population and tourism sector, disposable income, and changing dietary habits continuing to shore up demand for food and dining options despite sluggish economic conditions. According to a report by Al Masah Capital Limited, the GCC foodservice market is now …
Read More »
ABU DHABI / WAM As part of its ‘SMART Service Stations’ initiative and introduction of cashless ADNOC Wallet-linked payment options, ADNOC Distribution is now expanding its SMART Tag installation facilities through new centres and mobile units serving customers throughout the country. As part of an ongoing process replacing Rahal Cards, the company is rolling out a superior Smart Tag system …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.