The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

KUALA LUMPUR/WAM ADNOC, PETRONAS and Storegga announced today the signing of a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide (CO2) emissions storage capabilities of saline aquifers and the construction of carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia. The agreement is targeting at least 5 million tonnes per annum (mtpa) of ...

ABU DHABI/WAM As the world marks World Humanitarian Day on 19th August, the UAE reaffirms its commitment to humanitarian work with its ongoing relief efforts in Gaza. Through various initiatives under “Operation Chivalrous Knight 3,” the UAE has been at the forefront of providing aid to Palestinian people, reflecting the nation’s steadfast commitment to humanitarian causes. Over the past 288 ...

ABU DHABI/WAM The Abu Dhabi Chamber of Commerce and Industry, in cooperation with Etihad Credit Insurance (ECI), has developed a research paper, which revealed a 23.8% year-on-year (YoY) increase in the number of certificates of origin issued between January and May 2024, compared to the same period in 2023. In a press release on Tuesday, the chamber said that this ...

SHARJAH/WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved 3,578 scholarships for students from the emirate of Sharjah and the children of female citizens of the emirate, to pursue various undergraduate programs at universities within Sharjah. Of these, 1,818 scholarships were granted to the University of Sharjah. The American University of ...

ABU DHABI/WAM The UAE’s top banks’ capital position remains robust, supported by high profits, and their asset quality further improved in the quarter ending June 2024. Alvarez & Marsal (A&M), a leading global professional services firm, in its latest report on UAE Banking Pulse for the second quarter of 2024, stated that profitability increased to AED 21.5 billion for Q2 2024 on ...

ABU DHABI/WAM ADQ, an Abu Dhabi-based investment and holding company, announced the signing of a multi-year partnership agreement with ne’ma, the UAE’s National Food Loss and Waste Initiative. Launched in 2022 in the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, ne’ma is a collaboration between the Ministry of Climate Change and Environment and Emirates Foundation that aims ...

ABU DHABI/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, held a phone call with Penny Wong, Minister for Foreign Affairs of Australia. During the call, the two officials discussed regional developments in the Middle East and their humanitarian repercussions on civilians in the Gaza Strip. They also reviewed bilateral relations and aspects ...

ABU DHABI/WAM The Abu Dhabi Arabic Language Centre (ALC) announced that the Abu Dhabi International Book Fair (ADIBF) will be extended to 10 days, starting from its 34th edition, set for 26th April to 5th May 2025. This decision aims to promote innovation in publishing and enhance cultural exchange. The extended duration will provide more opportunities for local and Arab ...

ABU DHABI/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, congratulated Caspar Veldkamp on his appointment as Minister of Foreign Affairs of the Kingdom of the Netherlands. During a phone call today, Sheikh Abdullah and Veldkamp discussed bilateral relations and ways to strengthen them in a manner that serves the joint interests of ...

DUBAI / GULF TIME Beautyworld’s extensive and insightful new report, in collaboration with BeautyMatter, provides industry professionals with all-new research, core data and intelligence into the Middle East’s fast-growing beauty industry for the first time. With the MENA (Middle East and North Africa) beauty and personal care industry currently valued at $46 billion and projected to reach $60 billion by ...