The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
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 ...
Read More »TimeLine Layout
July, 2022
-
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 ...
Read More » -
16 July
UAE sees 1,499 new recoveries from Covid-19
ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 297,155 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...
Read More » -
16 July
Etihad Airways ranks as world’s most environmental carrier
Abu Dhabi / Gulf Time 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 ...
Read More » -
16 July
Russia planning to create oil benchmark to foil price cap
Bloomberg Russia’s government has made a plan to create a national oil benchmark next year, as it seeks to protect itself from efforts by the West to restrict the flow of petrodollars to the country. Key ministries, domestic oil producers and the central bank plan to launch oil trading on a national platform in October, according to a document seen ...
Read More » -
16 July
EU backs $14bn hydrogen project to help cut carbon
Bloomberg The European Union (EU) took a step towards accelerating its deployment of hydrogen across the bloc, by approving a 15-nation project to help produce the fuel seen as critical to decarbonising heavy industry. The EU’s executive gave the green light under state aid rules to an “Important Project of Common European Interest†that will help unlock around $9 billion ...
Read More » -
16 July
China may end Australia coal ban
Bloomberg Chinese bureaucrats studying the energy outlook are proposing to end a near two-year ban on Australian coal as tensions begin to ease and on concerns supply may tighten when Western-led sanctions on Russian energy kick in. The proposal will be submitted to senior leaders, with a recommendation Beijing should resume Australian imports. That’s been prompted by fears European-led ...
Read More » -
16 July
Energy crisis may spur S Africa to allow more private power
Bloomberg South Africa is considering more than doubling the amount private power producers can generate without requiring a license in a bid to reduce blackouts that are hobbling the economy. President Cyril Ramaphosa is racing to make an announcement as soon as Sunday, the people said, asking not to be identified as the matter isn’t public. South Africa last year ...
Read More » -
16 July
PetroChina H1 profit rises by 50%
Bloomberg China’s biggest oil company said its first-half profits jumped 50% to 60% from a year ago amid a surge in global energy prices. PetroChina Co.’s preliminary net income rose between 26.5 billion to 32 billion yuan ($3.9 billion to $4.7 billion) from last year, it said in an exchange filing. The company earned 53 billion yuan in the ...
Read More » -
16 July
France’s nuclear troubles worrying UK ahead of winter
Bloomberg Electricite de France SA’s (EDF) nuclear-generation problems are not just a concern at home. They’re causing a headache for the UK too. Britain’s electricity system is facing a repeat of last winter, according to Fintan Slye, director of National Grid Plc’s network operator. That was when the buffer of spare generation capacity tightened, sending prices soaring. The warning is in ...
Read More »