The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Dubai / WAM A total of 2,098 real estate transactions worth AED4.5 billion were conducted during the week ending February 18, according to figures released by the Dubai Land Department. A total of 252 plots were sold for AED1.1 billion, 1,437 apartments and villas were sold for AED2.47 billion. The top three transactions were a land in Palm Jumeirah sold ...
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February, 2022
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18 February
Dafz hosts promotional event for investors, businesses in F&B sector
Dubai / Gulf Time The Dubai Airport Free Zone (Dafz) concluded its participation in Gulfood 2022, the world’s largest F&B sourcing event, held at Dubai World Trade Centre (DWTC). The free zone successfully highlighted the vibrant business environment and investment opportunities it offers to regional and global food companies. During the exhibition, Dafz organized a promotional event that brought ...
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18 February
UAE sees 2,294 new recoveries from Covid-19
ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 398,902 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. ...
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18 February
Vietnam aims to expand its agricultural, food products in UAE
HANOI / WAM There remain huge opportunities for Vietnamese enterprises to accelerate exports of agricultural and food products to the United Arab Emirates thanks to its strong demand for these items, experts have said. As the regional trade and logistics centre, the UAE was considered one of the world’s largest re-export markets for goods, including farm produce, said the ...
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18 February
Expo 2020 drives development of global economies: Al Falasi
Dubai / WAM Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, has visited Spain Pavilion at Expo 2020 Dubai. He was welcomed by José Andrés Torres Mora, Commissioner General of the Pavilion, and Julieta Casanova, Commercial Attaché at the Embassy of Spain in the UAE. During his visit, Dr Al Falasi said that Expo 2020 ...
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18 February
Japan steel giant wants $17b in state aid for carbon cuts
Bloomberg Japan’s biggest steelmaker is calling on Tokyo to provide at least 2 trillion yen ($17.3 billion) in subsidies over almost three decades to meet net-zero carbon targets, as it seeks to stay competitive against China and other global rivals. Nippon Steel needs the money to vie on an “equal footing,†according to Hideo Suzuki, the managing executive officer ...
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18 February
UK needs much more power storage as part of its green future
Bloomberg The UK needs to substantially expand its capacity for storing electricity for longer in order to maintain energy security as it shifts to greener power, according to Aurora Energy Research. As much as 24 gigawatts of long duration electricity storage — about eight times the current installed capacity — may be needed to help integrate intermittent renewable sources ...
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18 February
Thailand cuts excise tax on diesel to counter inflation
Bloomberg Thailand will slash the excise tax on diesel for three months to lessen the impact of soaring global crude prices as inflation emerges as the latest threat to the economic recovery. The cabinet agreed to cut the levy by 3 baht ($0.09) per liter until May 20, Thanakorn Wangboonkongchana, a government spokesman, said in a statement. The lower ...
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18 February
Walmart has a cart full of reasons to love inflation
Walmart Inc is defying fears that rising prices will derail the consumer recovery. The world’s biggest retailer announced better-than-expected quarterly profit and delivered an upbeat outlook for US same-store sales this fiscal year. The shares rose as much as 3% in pre-market trading. It’s good news, but it really shouldn’t be a surprise. Although other retailers may be fretting, ...
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18 February
New Covid antivirals pills are needed
Even as omicron infection rates plummet, preparations must be made for whatever Covid-19 throws at us next. The best-case scenario is that we live with an endemic virus that causes only mild infections in most people who are vaccinated. But the possibility remains that new variants will arise. A good way to prepare for any eventuality is to develop new ...
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