The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Sharjah / WAM The fourth edition of the Sharjah FDI Forum started on Monday, with optimistic comments by the UAE Minister of Economy and the Shurooq Executive Chairman about the nation’s readiness to promote foreign direct investments (FDIs), as an enabler of sustainable development, despite the slump experienced globally – especially in developed economies – in 2017. The two-day event ...
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December, 2018
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10 December
UAE hosts Youth Dialogue at COP24
Dubai / Emirates Business The Ministry of Climate Change and Environment and the Youth Climate Lab, an international organisation dedicated to creating collaborative youth projects to advance climate action, hosted a Youth Dialogue titled ‘Climate Mentorship for Youth’. The session ran on the sidelines of the 24th Conference of the Parties (COP24) to the United Nations Framework Convention on Climate ...
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10 December
DLD announces 3rd Gulf Real Estate Awards 2019
Dubai / Emirates Business Dubai Land Department (DLD) and Awards International announced the launch of the third edition of the Gulf Real Estate Awards (GREA) 2019 following the success of the two previous editions. The announcement was made during a press conference that was held at DLD’s head office, where all regional real estate companies were invited to participate in ...
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10 December
Zayed Sustainability Prize’s ‘Guiding Light’ reaches Bolivia
ABU DHABI / WAM Following its successful launch in the Kingdom of Bahrain on December 5, the Zayed Sustainability Prize’s ‘Guiding Light’ campaign has arrived in Bolivia, and will ultimately result in the donation of 2,000 solar lanterns to off-grid communities, in the Municipality of San Juan. The 20×20 metre light installation, revealing the Zayed Sustainability Prize logo, was lit ...
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10 December
China hits the gas to avoid another freezing winter
Bloomberg China has gone all out to avoid a repeat of last winter’s crippling gas shortages. The early verdict: so far, so good. China’s gas needs peak for its so-called winter heating season. It’s a time of surging demand and firmer prices as the nation seeks to curb its reliance on dirty coal. The difference so far this year — ...
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10 December
BP, Shell to face new shareholder challenge over climate in 2019
Bloomberg The activists who rankled Royal Dutch Shell Plc by filing climate-change resolutions for three straight years now are targeting other oil majors. A Dutch group that accumulates shares in oil companies in order to press them over greenhouse gas emissions, has filed another resolution against Shell for 2019. It also filed its first resolution against BP Plc and may ...
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10 December
Investors press oil sector to resist methane rollback
Bloomberg Exxon Mobil Corp, Chevron Corp and BP Plc are being pressed by investors with $1.9 trillion in assets under management to resist the Trump administration’s efforts to roll back Obama-era methane rules. The Interfaith Center on Corporate Responsibility sent a letter to 30 oil and natural gas explorers on behalf of 61 investors urging the companies to publicly declare ...
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10 December
Ghosn, Nissan indicted in Japan over pay scandal
Bloomberg Carlos Ghosn and Nissan Motor Co. were indicted in Japan for understating the high-flying car executive’s income by $43 million, as Tokyo prosecutors pushed ahead with the criminal investigation that has shaken the global auto industry. Former Nissan representative director Greg Kelly was also indicted, three weeks after he and Ghosn were arrested in Japan and accused of financial ...
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10 December
Jio may top India’s mobile operator market by 2021
Bloomberg Reliance Jio Infocomm Ltd., the mobile operator backed by India’s richest man Mukesh Ambani, could be No. 1 in the market in revenue terms by 2021 as it adds more subscribers, said Sanford C. Bernstein & Co. analysts Chris Lane and Samuel Chen. Industry-leading rivals Bharti Airtel Ltd. and Vodafone Idea Ltd. lack the “stomach†to battle Reliance Industries ...
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10 December
Canada violated ‘pact’ in Huawei arrest: China
Bloomberg China accused Canada of violating a bilateral agreement by failing to speedily inform its consulate of the arrest of Huawei Technologies Co. Chief Financial Officer Meng Wanzhou, as tensions between the nations continue to escalate. “According to the China-Canada consular agreement, if a Chinese citizen is arrested by the Canadian government, the Canadian government should immediately notify the Chinese ...
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