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

  Abu Dhabi / Gulf Time Palms Sports, a global sports management company with the world’s largest Jiu-Jitsu training academy, and a subsidiary of International Holding Company, has achieved its target for this year hitting AED 754 million in new service agreements total value. This represents a 20% growth in service agreements compared with the previous year, with the company ...

  Dubai / WAM Enoc group announced that it was awarded the ‘Sword of Honour’ by British Safety Council for the second time; one of 94 organisations worldwide to have received this recognition. In addition, the group completed a best practice Five Star Occupational Health and Safety Audit by British Safety Council demonstrating its commitment towards the continual improvement of ...

  Abu Dhabi / WAM AD Ports group has signed a shareholder agreement with KMTF (Kazmortransflot), a fully-owned offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), to launch an exclusive joint venture (JV), 51% owned by AD Ports group and 49% owned by KMTF, to provide offshore and shipping services for energy companies in the Caspian ...

  Sharjah / WAM The Sharjah Entrepreneurship Centre (Sheraa) announced a partnership with the DMZ, that will foster a new wave of entrepreneurial success for the entrepreneurs of Sharjah and empower 15 startups from the emirate to the DMZ-led soft-landing programme. The DMZ is a world-leading startup incubator based at Toronto Metropolitan University (TMU). The incubator helps to equip the ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa)’s Thermal Energy Storage and Turbine Inlet Air Chilling (Testiac) project implemented in three Gas Turbines at L-Station in Jebel Ali Power and Desalination Complex has reduced over 44,000 tonnes of CO2 emissions annually, which is equivalent to the planting of two million trees. This project is the first of its ...

  Dubai / WAM Enoc group announced that it was awarded the ‘Sword of Honour’ by British Safety Council for the second time; one of 94 organisations worldwide to have received this recognition. In addition, the group completed a best practice Five Star Occupational Health and Safety Audit by British Safety Council demonstrating its commitment towards the continual improvement of ...

  Abu DhabI / WAM The Authority of Social Contribution – Ma’an hosted its latest initiative “Community Clean Up!”, in Shawamekh and Shamkhah areas. The programme reflects Ma’an’s drive to support sustainable lifestyles in Abu Dhabi community through voluntary participation and efforts that can have positive and continuous social impacts that will benefit all citizens and residents. Through “Community Clean ...

  Abu Dhabi / WAM As another successful year comes to a close, Yas Island Abu Dhabi, one of the world’s leading leisure and entertainment destinations, rounds off its action-packed 2022 with over 80 awards and accolades. The destination and its plethora of world-class theme parks, luxury hotels, innovative experiences, resorts and acclaimed eateries, alongside unmatched customer services, has been ...

  Bloomberg As travel springs back and even China dismantles the last remaining Covid curbs, one stark truth is beginning to emerge — the world is running desperately short of planes. With carriers from United Airlines Holdings Inc to Air India Ltd placing, or looking to place, jet orders that number in the hundreds, Boeing Co and Airbus SE are ...

  Bloomberg KFC is temporarily closing some of its fried-chicken outlets in South Africa due to power cuts imposed by state electricity provider Eskom Holdings SOC Ltd. The Yum! Brands Inc chain made the decision after the number of blackout days passed 200 this year, a record. Eskom supplies more than 90% of South Africa’s electricity and has implemented nationwide ...