The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Dubai / Gulf Time Dubai saw the completion of 1,392 real estate transactions valued at AED5.6 billion during the week ending December 30, according to the Dubai Land Department (DLD). The DLD weekly report said 98 plots were sold for AED685.36 million, along with 994 apartments and villas for AED1.93 billion. The top three transactions were for a land ...
Read More »TimeLine Layout
December, 2021
-
30 December
Dubai to witness 2mn passengers on New Year Eve
Dubai / WAM Dubai Airports said that an estimated two million passengers are expected to pass through DXB until January 8, 2022, with average daily traffic exceeding 178,000 travellers. January 2, 2022 will be busiest day of holiday season with more than 198,000 passengers expected. Dubai Airports also announced on Thursday that only ticketed passengers will be allowed entry ...
Read More » -
30 December
EGA pays off $361 million debt ahead of schedule
Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Thursday announced the early, full repayment of the project finance facilities extended by 13 export credit agencies and banks for the development of the company’s Al Taweelah smelter in Abu Dhabi. The project financing was extended to Emirates Aluminium, now an EGA subsidiary, for phase one of the project in ...
Read More » -
30 December
Masdar to develop Georgia’s largest solar power plant
ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, has signed an agreement with the Georgian Energy Development Fund (GEDF) to develop a solar photovoltaic (PV) power project in the country, with a capacity of as much as 100 megawatts (MW). The project, which will be jointly developed with the GEDF, will be Georgia’s largest ...
Read More » -
30 December
Abu Dhabi to host region’s first tyre storage, distribution hub
Abu Dhabi / WAM AD Ports Group has announced the signing of an agreement with China-based Shandong Port Group, to establish a Tyre Hub at Kizad for the storage and distribution of tyres. AD Ports Group will provide space for an upcoming 150,000 sqm facility in Kizad under its Industrial Cities and Free Zone Cluster. This will include warehouse ...
Read More » -
30 December
EGA pays off $361mn debt ahead of schedule
Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Thursday announced the early, full repayment of the project finance facilities extended by 13 export credit agencies and banks for the development of the company’s Al Taweelah smelter in Abu Dhabi. The project financing was extended to Emirates Aluminium, now an EGA subsidiary, for phase one of the project in ...
Read More » -
30 December
Abu Dhabi to set up region’s first tyre storage, distribution hub
Abu Dhabi / WAM AD Ports Group has announced the signing of an agreement with China-based Shandong Port Group, to establish a Tyre Hub at Kizad for the storage and distribution of tyres. AD Ports Group will provide space for an upcoming 150,000 sqm facility in Kizad under its Industrial Cities and Free Zone Cluster. This will include warehouse ...
Read More » -
30 December
Emirates expects a peak travel period on New Year Eve
Dubai / Gulf Time As the year draws to a close, a high volume of passengers are expected to surge through Dubai International to meet their travel plans for the New Year celebrations and the holidays season. With nearly 1 million travellers departing and arriving into Dubai, the peak travel period will last through January 10, 2022. In line ...
Read More » -
30 December
Cathay plans to cancel flights as quarantine rules hit crew
Bloomberg Cathay Pacific Airways Ltd. will make “significant†changes to its flight schedule as Hong Kong further tightens quarantine restrictions for aircrew, dealing another blow to a carrier already reeling as the city’s borders remain largely closed. The airline is tentatively planning to cancel some passenger flights to and from the city through the first quarter of 2022, it ...
Read More » -
30 December
US shopping visits to discount retailers surged in December
Bloomberg Americans flocked to off-price retailers during the holiday period, with visits rising above pre-pandemic levels, according to new data. Foot traffic at T.J. Maxx and Marshalls, both owned by TJX Cos., rose 14.7% and 16.2%, respectively, from December 1 to Christmas Day compared with a year earlier, data from analytics firm Placer.ai show. Burlington Stores Inc.’s foot ...
Read More »