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 ADNOC Distribution is advancing its mission to offer alternative low-emissions fuels through its plan to construct the Arabian Gulf’s largest natural gas for vehicles (NGV) service station in Mahawi on the Abu Dhabi-Al-Ain road. The mega station will have an hourly pumping capacity of 2,850 standard cubic metres (SCM), the highest in the region. The new ...
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February, 2017
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28 February
Sanad raises financing from SMBC Japan
Abu Dhabi / WAM Sanad Aero Solutions, a wholly-owned subsidiary of Mubadala Development Company, has announced the expansion of its international lender base through a new collaboration with Sumitomo Mitsui Banking Corporation, SMBC. According to a Sanad press statement, SMBC will provide debt facilities to Sanad that will be directed towards the long-term financing of Sanad’s most recent spare engine ...
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28 February
Etihad Rail DB runs 1,000th train
Abu Dhabi / WAM Etihad Rail, the developer of the UAE’s national railway network and Etihad Rail DB, the joint venture between Etihad Rail and DB Cargo that operates and maintains Stage One of the railway network, announced today that it has safely run its 1,000th train as of January 20, 2017. The milestone marks a significant achievement for the ...
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28 February
ADGM, Citi to host ‘Citi Tech for Integrity Challenge’ in May
Abu Dhabi /Â WAM Abu Dhabi Global Market, ADGM, the international financial centre in Abu Dhabi, has announced its partnership with Citi for the Citi Tech for Integrity Challenge, T4I. Abu Dhabi is one of six chosen cities, the others being Buenos Aires, Dublin, Hyderabad, Mexico City and Singapore, to hold a Demo Day for this world-class FinTech challenge. T4I ...
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28 February
ADFD studies progress of AED225mn Bangladesh projects
Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) dispatched a delegation to Bangladesh to review and study the current status of its two funded projects – the Sikalbaha Power Station and the South Asia Sub regional Economic Cooperation (SASEC) Road Connectivity Project (SASEC). Having toured the Sikalbaha Power Station, the delegation confirmed that 90 percent of works have ...
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28 February
Yachts worth AED300mn on display at Dubai Int’l Boat Show
DUBAI / Emirates Business All eyes were on Gulf Craft at the Dubai International Boat Show, where the pioneering Emirates-based shipyard impressed guests with the largest fleet of yachts and boats on display, collectively worth well over AED 300million and accounting for more than 20% of the total value of leisure craft on exhibit at the show. The industry ...
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28 February
ADNOC wraps up its ‘Oasis of Surprises’ drive
ABU DHABI / Emirates Business ADNOC Distribution announced the successful completion of its ‘Oasis of Surprises’ promotional campaign by hosting the second and final draw that gave away 175 prizes including the campaign’s grand prizes – two brand new BMW 318i cars, two LG 65-inch UHD TV sets and one Etihad Holidays luxury package to Seychelles for two people. Launched ...
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28 February
ADNIC opens new office in Al Shamkha
ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, opened a new Sales & Service Centre in Abu Dhabi National Oil Company Company’s (ADNOC) Vehicles Inspection Center ‘Salama’ in the Al Shamkha area. The opening was held alongside the ‘Salama’ Center opening ceremony and attended by ...
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28 February
S Africa Visa Application Centre opened in Dubai
Dubai / Emirates Business In a move to bring enhanced visa application services to the residents of the UAE, the Embassy of South Africa launched a South Africa Visa Application Centre in Dubai. Services at the centre commenced on February 1. The centre was officially inaugurated by MK Lekgoro, Ambassador of the Republic of South Africa to the UAE, ...
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28 February
Etihad Airways wins 2016 Treasury of the Year award
ABU DHABI / Emirates Business Etihad Airways has been honoured with the 2016 Treasury of the Year award by Treasury Management International (TMI) for a string of achievements over the past 12 months. The annual TMI Corporate Recognition Awards, held in London, reflect achievements in treasury and finance policy, practice and innovation. The Abu Dhabi-based airline’s treasury department was once ...
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