The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg TikTok named a new head of security as the popular video app has come under increasing scrutiny from congress and other US officials over concerns that user data could wind up in China. Kim Albarella was appointed to serve as interim head of TikTok’s Global Security Organization, the company said in a statement. She will oversee the transition ...
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July, 2022
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16 July
Big oil’s influx of cash opens door to clean-energy deals
Bloomberg Europe’s oil and gas giants, flush with cash from soaring prices, are considering whether to turbo-charge their transition to clean energy with multibillion-dollar acquisitions of major renewable energy producers. Shell Plc, TotalEnergies SE and Equinor ASA are among the companies that have evaluated the suitability of European utilities for takeovers. Potential targets include some of the region’s largest wind ...
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16 July
Ras Al Khaimah non-oil foreign trade rises 14%
RAS AL KHAIMAH / WAM The emirate of Ras Al Khaimah has seen a 14% increase in non-oil foreign trade in 2021, surging from AED 14.78 billion in 2020 to AED 16.83 billion in 2021, according to RAK Centre for Statistics and Studies. Exports accounted for the largest portion of the emirate’s total non-oil foreign trade, reaching 57%, at ...
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16 July
Young Emiratis urged to boost digital skills for jobs of future
Dubai / WAM Zayed University and the Al Ghurair Foundation for Education announced that over 2,500 Emirati students have been enrolled in online programmes to equip them better for the workplace, as the two entities mark World Youth Skills Day, celebrated on July 15. The two entities celebrated the achievement, after marking the second anniversary of their successful partnership, ...
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16 July
EDB, Valiant Healthcare sign credit facility deal
Dubai / WAM Emirates Development Bank (EDB) has announced the signing of a credit facility agreement with Valiant Healthcare, the owner of Valiant Clinic & Hospital, a UAE-based boutique multi-specialty clinic and hospital located in CityWalk Dubai. The agreement will extend financing to both capital investment and operational expenditures, allowing it to fulfill its expansions plans and while accessing ...
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16 July
Etihad named eco-friendliest carrier in world
Abu Dhabi / WAM Etihad Airways, the national airline of the UAE, has been named ‘Environmental Airline of the Year 2022’ in the annual Airline Ratings awards. The ranking recognises Etihad’s industry-leading strategy to improve aviation sustainability for both the airline itself and the entire industry. The UN Framework Convention on Climate Change chose the UAE as host for ...
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16 July
UAE ranks first in Arab world in Gender Gap Report 2022
Dubai / WAM HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, President of Dubai Women Establishment and wife of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, congratulated the wise leadership and HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union ...
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16 July
EDB announces credit facility deal with Valiant Healthcare
Dubai / WAM Emirates Development Bank (EDB) has announced the signing of a credit facility agreement with Valiant Healthcare, the owner of Valiant Clinic & Hospital, a UAE-based boutique multi-specialty clinic and hospital located in CityWalk Dubai. The agreement will extend financing to for both capital investment and operational expenditures, allowing it to fulfil its expansions plans and while ...
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16 July
Sheikh Mohammed appoints chairman, CEO of Expo City Dubai
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai, has issued Resolution No.27 of 2022 appointing His Highness Sheikh Ahmed bin Saeed Al Maktoum as Chairman of Expo City Dubai Authority. HH Sheikh Mohammed bin Rashid also issued Resolution No.28 of ...
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16 July
Air Arabia Abu Dhabi marks two years of success flying
Abu Dhabi / WAM Air Arabia Abu Dhabi, the capital’s first low-cost carrier, celebrated its second successful year of operations, having flown over 800,000 passengers on some 7,600 flights operating to 24 routes. The carrier’s fleet grew over the past two year from just 2 Airbus A320 aircraft at launch to 8 new aircraft as of today with additional ...
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