The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
BLOOMBERG Europe’s top banking watchdog will become more powerful as European Union (EU) lawmakers expand its remit to include risks linked to climate change and the rise of digital assets. As sweeping update of regulation detailed this week mandates the European Central Bank to monitor how lenders plan to transition to a net-zero carbon economy over the next three decades. …
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December, 2023
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10 December
Aster achieves reduction of 6,824 tCO2e in net emissions in FY23, announces 3-year ESG commitments
DUBAI/ GULF TIME Aster DM Healthcare, a leading integrated healthcare provider in GCC and India, has released its annual ESG Report, demonstrating an unwavering commitment to environmental sustainability, ambitious targets, and a proven record of positive impact. The company aligns its ESG practice with 10 key United Nations Sustainable Development Goals (UNSDGs), emphasizing its dedication to global objectives. In pursuit …
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10 December
The Middle East and North Africa (MENA) out of home dining (OOHD) is projected to reach US$81.82 billion by 2028
DUBAI/ GULF TIME The Middle East and North Africa (MENA) out of home dining (OOHD) is projected to reach US$81.82 billion by 2028. The market value is expected to grow at a CAGR of 10.66% during the forecast period of 2023-2028, with full-service restaurants (FSR) and casual dining segment being the dominant segment owing to rising consumer’s disposable income. Research …
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10 December
VA Properties announce strategic partnership with RSG Group of Companies for the launch of Fairmont Dubai Skyline Residences
DUBAI/ GULF TIME VA Properties and RSG Group of Companies announced its strategic partnership for the grand launch of Fairmont Dubai Skyline Residences. This luxurious residential project will be situated in Al Sufouh area and will redefine opulence with its 121 fully furnished residences, including 2–3-bedroom apartments, an elegant half floor Sky Mansion, and a luxurious Sky Palace occupying an …
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10 December
ne’ma unveils results in hospitality sector trial on food waste reduction at COP28
DUBAI / WAM ne’ma, the UAE national food loss and waste initiative, in line with the 28th UN Climate Change Conference (COP28) agenda, revealed groundbreaking results during the “National Action at Scale for Reducing Food Waste in the Hospitality Sector” panel announcement at Expo City Pavilion, Green Zone, COP28. This world-first private-public partnership presented transformative outcomes of its hospitality sector …
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10 December
Chile’s pavilion at COP28 presents effective initiatives, solutions to address climate change
DUBAI / WAM The Pavilion of Chile at COP28 is presenting effective initiatives and solutions that are making a significant contribution to addressing the effects of climate change. The conference is an important platform for raising awareness and promoting initiatives to protect the planet. The 140-square-metre space pavilion — located in the Blue Zone — provides an ideal environment for …
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10 December
UAE brings the world together, mobilises efforts to address climate change: Mama Shamsa
DUBAI / WAM The United Arab Emirates has established a high-ambition approach during its hosting of the 28th Conference of the Parties (COP28), seeking to include everyone, and focusing on finding effective solutions to climate change. The country has succeeded in bringing the world together and mobilising efforts at this prominent global event, based on the belief that climate change …
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10 December
UAE, Brazil launch Group of Friends for Culture-Based Climate Action at UNFCCC during COP28
DUBAI / WAM Marking a historic milestone in acknowledging the role of culture in combating and adapting to climate change, high-level delegates from around the globe convened at the 28th UN Climate Change Conference (COP28) in Dubai. The Group of Friends of Culture-Based Climate Action (GFCBCA) at the United Nations Framework Convention on Climate Change (UNFCCC) was officially announced by …
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10 December
Mohammed bin Rashid chairs UAE Cabinet meeting in Expo City Dubai, reviews outcomes of national climate action efforts
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting at Expo City Dubai, in conjunction with the 28th UN Climate Change Conference (COP28). The meeting witnessed the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime …
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10 December
China’s C919 passenger jet to conduct Hong Kong harbour flyby
BLOOMBERG China’s domestically manufactured Comac C919 aircraft will fly outside the mainland for the first time this week and head to Hong Kong, where it will conduct a low-altitude flyby over the city’s Victoria Harbour on December 16. The C919, a single-aisle jet that has similar passenger capacity to narrowbody planes produced by Boeing Co and Airbus SE, will go …
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