The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg Toyota Motor Corp will break ground on its first battery factory in the US at a mega-site in North Carolina, joining an industry-wide push as automakers accelerate efforts to electrify their fleets. The Japanese company will invest $1.29 billion in the automotive battery manufacturing facility, which is scheduled to start production in 2025, the company said. It is the ...
Read More »TimeLine Layout
December, 2021
-
11 December
Volvo Cars seeks growth amid chip crunch
Bloomberg Volvo Car AB said it’s confident it can improve sales and profitability this year even as the global shortage in semiconductors continues to weigh on auto production. The manufacturer owned by China’s Zhejiang Geely Holding Group Co lost output of 50,000 cars in third quarter compared to the year-earlier period, it said. It reiterated its full-year outlook despite preliminary ...
Read More » -
9 December
Dubai-Asean non-oil trade hits AED404 billion in last 5 years
DUBAI / WAM Abdulaziz Al Ghurair, Chairman of Dubai Chamber, has said that the number of companies from the Association of Southeast Asian Nations (Asean) registered with Dubai Chamber has increased by 35.5 percent since 2018 to exceed 3,300 members. The announcement was made by Al Ghurair during his opening speech at the first Global Business Forum (GBF) Asean, which ...
Read More » -
9 December
UAE, Saudi Journalists Association sign pact
ABU DHABI / WAM The UAE Journalists Association (UAEJA) and the Saudi Journalists Association (SJA) signed a cooperation agreement to consolidate ties, being the two authorities representing journalists in the UAE and Saudi Arabia. The signing took place as the UAEJA received a high-level SJA delegation, led by Khalid Al Malik, Chairman of the Board of Directors of the SJA, ...
Read More » -
9 December
ADX, DFM to switch to new trading hours
WAM / Gulf Time The Abu Dhabi Securities Exchange (ADX) is amending its trading week to Monday through Friday, effective January 3, 2022. Trading hours will remain unchanged, opening at 10:00am and closing at 3:00pm. The exchange’s new trading week follows the recent announcement made by the UAE government to adopt a four and a half day working week, with ...
Read More » -
9 December
Etihad and ITA Airways sign codeshare deal
Abu Dhabi / Gulf Time Etihad Airways, the national airline of the United Arab Emirates, and ITA Airways, the national carrier of Italy, have signed a codeshare agreement connecting the networks of the two airlines. This new commercial partnership is designed to boost business travel and tourism between Italy and the United Arab Emirates, and will offer travellers more options ...
Read More » -
9 December
ADFD finances Morocco’s AED26m housing project
ABU DHABI / Gulf Time The Moroccan government celebrated the inauguration of a major university housing project at Mohammed VI University of Health Sciences in Mohammedia City, Morocco, that was developed with the support of the Abu Dhabi Fund for Development (ADFD). The project creates an integrated university district designed to the highest international standards to provide high-quality accommodation for ...
Read More » -
9 December
Etihad launches world’s first green loyalty programme
ABU DHABI / Gulf Time Etihad Guest, the award-winning loyalty programme of Etihad Airways, has introduced a series of sustainability-focused initiatives to reward members for making ‘green’ choices and providing options to reduce their own carbon footprint. Conscious Choices, the new range of sustainable initiatives offered by the Etihad Guest programme, has been created to support Etihad’s overarching sustainability ambition ...
Read More » -
9 December
Mubadala takes 1.9% stake in Russia’s Sibur
Abu Dhabi / WAM Mubadala Investment Company, the Abu Dhabi-based sovereign investor managing a global portfolio of assets valued at $243 billion, on Wednesday announced its largest investment in Russia, the acquisition of a 1.9% stake in Sibur, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in global petrochemicals. Founded in 1995, Sibur is the ...
Read More » -
9 December
UAE, Colombia ink deal to boost air transport ties
BOGOTA / WAM The UAE, represented by the General Civil Aviation Authority, and the Republic of Colombia signed a memorandum of understanding (MoU) to strengthen the air transport relations between the two countries on the sidelines of the ICAO Air Services Negotiation Event (ICAN2021). Saif Mohammed Al Suwaidi, Director-General of the General Civil Aviation Authority, and Jair Orlando Fajardo Fajardo, ...
Read More »