The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Abu Dhabi / WAM Adnoc Drilling Company on Monday announced that it has signed an agreement to acquire an additional three brand new high-specification offshore jack-up drilling units (the “rigsâ€). The cost of the acquisition is part of the company’s three-year guidance on capital expenditure and its strategic growth plans. The acquisition underpins the company’s accelerated fleet expansion and ...
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November, 2022
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22 November
Sharjah’s Arada unveils its first project in Dubai
DUBAI / WAM Arada has unveiled its first project in Dubai with the launch of “Jouri Hills†at Jumeirah Golf Estates, a villa collection in the heart of one of the emirate’s most-sought-after residential and leisure communities. The latest phase in 40 million square foot Jumeirah Golf Estates master plan, Jouri Hills contains 294 high-end homes located close to ...
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22 November
DAE completes acquisition of Sky Fund I Irish
DUBAI / WAM Dubai Aerospace Enterprise (DAE) Ltd announced that it had completed the previously announced acquisition of SKY Fund I Irish, Ltd and its subsidiaries (SKY Fund I) on November 18. Sky Fund I leases aircraft to 14 airline customers in 11 countries. Next-generation technology aircraft represent more than 90% of the acquired portfolio. Following the acquisition of ...
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22 November
AD Ports-TotalEnergies deal to explore solar power generation
Abu Dhabi / Gulf Time Khalifa Economic Zones Abu Dhabi – Kezad group, the integrated trade, logistics, and industrial hub of Abu Dhabi and a subsidiary of AD Ports group, announces an agreement with TotalEnergies Renewables Distributed Generation Middle East & Africa, an affiliate of TotalEnergies, to explore opportunities to solarise assets across Kezad’s industrial ecosystem. TotalEnergies’ Renewables Distributed ...
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22 November
Dubai DAE’s acquisition of SKY Fund I Irish complete
Dubai / WAM Dubai Aerospace Enterprise (DAE) Ltd announced that it had completed the previously announced acquisition of SKY Fund I Irish, Ltd and its subsidiaries (SKY Fund I) on November 18. Sky Fund I leases aircraft to 14 airline customers in 11 countries. Next-generation technology aircraft represent more than 90% of the acquired portfolio. Following the acquisition of SKY ...
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22 November
Ewaa celebrates World Children’s Day
Abu Dhabi / WAM More than 100 elementary school students marked the World Children’s Day by learning to regulate their emotions and gaining social and interpersonal skills, under the guidance of community experts and specialists from Abu Dhabi Centre for Sheltering and Humanitarian Care – Ewaa. The activities, organised as part of the Ministry of Interior’s activations, aimed at ...
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22 November
Arada marks expansion into Dubai with launch of Jouri Hills
Sharjah / WAM Arada has unveiled its first project in Dubai with the launch of Jouri Hills at Jumeirah Golf Estates, a luxury villa collection in the heart of one of the emirate’s most-sought-after residential and leisure communities. The latest phase in the 40 million square foot Jumeirah Golf Estates master plan, Jouri Hills contains 294 high-end homes located ...
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22 November
Sheikh Mohamed, Turkmenistan president hold talks
Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and President Serdar Berdimuhamedow of Turkmenistan on Monday discussed the deep-rooted ties between the two nations and explored opportunities for boosting collaboration. His Highness Sheikh Mohamed received President Berdimuhamedow at Qasr Al Watan in Abu Dhabi and expressed his wishes that their meeting would accelerate joint cooperation ...
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22 November
Masdar’s Green Reit acquires $254mn sustainable property
Abu Dhabi / WAM Masdar Green Reit, the UAE’s first Real Estate Investment Trust to invest solely in sustainable real estate assets, has concluded the acquisition of property worth AED934 million ($254.28 million), taking its portfolio value to AED1.91 billion, with further assets identified for potential future investments. The announcement, made by the fund’s manager Masdar Capital Management Limited (MCML) ...
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22 November
Sharjah gears up to celebrate National Day from Nov 24-Dec 3
Sharjah / WAM Khalid Jasim Al Midfa, Chairman of the Sharjah National Day Celebrations Committee, said that the emirate is preparing to celebrate the annual National Day, which will include UAE citizens, residents and visitors. On the occasion, he congratulated President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...
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