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

  Sharjah / WAM Beeah Recycling has signed an agreement with the UAE Ministry of Energy and Infrastructure (MOEI) and the American University of Sharjah (AUS) to collaborate on establishing the nation’s first recycling plant for end-of-life batteries from electric vehicles. The agreement was signed during the 2023 World Future Energy Summit in Abu Dhabi at the Ministry of Energy ...

  Abu Dhabi / WAM For the fourth consecutive year, the United Arab Emirates (UAE) has maintained its position and first place in the Global Terrorism Index (GTI). The UAE is considered one of the safest of several countries that take effective measures to combat terrorist and extremist activities, and one of the safest countries in the world with a “very ...

  Abu Dhabi / Gulf Time Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, has commenced operations on a new route of Ankara, the second largest city in Türkiye, with tickets on sale on the airline’s website and mobile app with fares starting as low as AED199. The national airline now flies to more than 36 destinations ...

  Sharjah / WAM A high-level Dutch trade mission to Abu Dhabi Sustainability Week (ADSW) 2023 consisting of a 25-member delegation representing 15 companies, yesterday paid a visit to Sharjah Sustainable City to learn more about the city’s sustainable housing solutions. In particular, the visit focused on exchanging knowledge on integrated, sustainable, future-proof solutions related to water, food, sustainable energy ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has showcased the critical role of nuclear energy as a global climate change solution at the World Future Energy Summit (WFES), in Abu Dhabi. WFES is a key element of the 15th edition of the annual Abu Dhabi Sustainability Week, the leading business event for energy and sustainability that brings ...

  Bloomberg Travel from China may need another four months to show a significant increase, despite the country just recently dropping Covid-related curbs on foreign trips. Overseas journeys from the Asian nation are unlikely to ramp up before the second quarter, most probably from the national Labour Day holiday on May 1, according to aviation data provider OAG. Chinese travellers ...

  Bloomberg British holidaymakers seeking a winter getaway have been hit by the fastest increase in air fares since records began as airlines warn passengers of an end to budget travel. Official data showed that air fares jumped 44.1% compared with a year earlier as carriers report strong demand for flights despite the cost-of-living crunch squeezing UK households. It marked ...

Bloomberg Unilever Plc’s Indian unit reported a better-than-expected quarterly profit as the declining prices of key raw materials, including palm oil, boosted the consumer goods giant. It also raised the royalty payout to its European parent. Mumbai-based Hindustan Unilever Ltd. posted a net income of 25.1 billion rupees ($309 million) for the quarter ended December 31, according to an exchange ...

  Bloomberg A Covid-era invention that protects plane passengers from the virus with a curtain of fast-flowing air is proving redundant, underscoring how little travellers care about the risk of infection in the rush back to the skies. Washington-based Pexco Aerospace Inc. has spent the pandemic designing and manufacturing a device that clips onto air vents inside the aircraft. The ...

  Bloomberg Burberry Group Plc showed lackluster sales growth last quarter as customers in China were kept at home first by strict pandemic controls and then, at the very end of the year, by a viral surge as the government loosened restrictions. Comparable store sales rose 1% in the quarter ended December 31, 2022, below the 1.4% gain analysts anticipated. ...