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 Mubadala Petroleum, the Abu Dhabi headquartered international energy company, on Wednesday announced that the drilling of the Timpan-1 exploration well located 150 kilometres offshore North Sumatra, Indonesia, has been completed with the discovery of a 390 foot gas column in high net to gross fine-grained sandstone reservoir. The exploration well, “Timpan-1”, is operated by Harbour ...
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July, 2022
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14 July
16 firms in UAE triple Emiratisation target
Dubai / WAM A group of 16 companies managed to achieve three times more than the Emiratisation target approved by cabinet’s decision that was issued in May 2022 and entered into force in June 2022. These companies employed 1,166 UAE citizens within this short period. The firms will receive incentive packages from the Ministry of Human Resources and Emiratisation ...
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14 July
Dubai records AED1b in realty transactions
Dubai / Gulf Time Dubai real estate market recorded 304 sales transactions worth AED735.85 million, in addition to 77 mortgage deals of AED263.54 million, and 12 gift deals amounting to AED24.3 million on Wednesday, data released by Dubai’s Land Department (DLD) showed. The sales included 282 villas and apartments worth AED651.17 million, and 22 land plots worth AED84.68 million, while ...
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14 July
Empowering people of UAE is nation’s top priority
Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has said that the people of the UAE, and striving to empower them, has always been and continues to be the nation’s top priority. “Ensuring our people have everything they need to live fulfilled, comfortable, and happy lives, remains the basis of all our future plans,” His ...
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14 July
EGA, Japan’s K Line sign deal to decarbonise bulk cargo shipping
Abu Dhabi / WAM Emirates Global Aluminium (EGA) and Kawasaki Kisen Kaisha (K Line group), one of the world’s largest shipping groups, on Wednesday signed an agreement to cooperate on research and pilot projects to decarbonise bulk cargo shipping. The cooperation is expected to focus on the development and implementation of new marine decarbonisation technologies suitable for EGA’s bulk ...
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14 July
Dewa completes digital integration of more than 70 projects
Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed the digital integration of more than 70 projects with government and private organisations. Through this step, Dewa makes it easier to get a wide range of services, including bill payment, information updates, activation of electricity/water (Move-in), housing fees adjustment, refunds, updating trade license and others. Saeed Mohammed Al ...
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14 July
Sharjah Chamber sees 31% increase in new members
Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has reported a significant expansion in its operational activities over the past month compared to the same period last year. The overall number of new and renewed members increased by 13 percent to 6,162 in June. This includes 5,448 renewed memberships, an increase of 11 percent. According to ...
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14 July
ITC issues 25,311 traffic detour permits
ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport (DMT) in Abu Dhabi announced that the number of permits for traffic detours issued in the emirate from January till the end of May this year, increased to 6,169 compared with 5,974 permits issued in the corresponding period of 2021, bringing the total ...
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14 July
UAE, Israeli health bodies ink deal for joint medical research
Abu Dhabi / WAM The Abu Dhabi Health Services Company (Seha) has signed an agreement with Kahn-Sagol-Maccabi (KSM), the research and innovation centre of Israel’s Maccabi Healthcare Services, to promote joint medical research and technological innovation. The agreement – signed in Abu Dhabi – will also support the Emirate’s goal of building a genomic research registry to optimise clinical ...
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14 July
UK’s Sunak is lonely Tory defending fiscal restraint
As the race to succeed Boris Johnson as leader of the UK Conservative Party and British prime minister heats up, the sole candidate not promising tax cuts needs to stick to his fiscal guns. Rishi Sunak, the former chancellor of the exchequer, is the current frontrunner. He faces a tough fight, though, with all of the other candidates pledging to ...
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