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 The Federal Competitiveness and Statistics Centre (FCSC) announced that the country’s gross domestic product (GDP) grew at constant prices by 3.9 percent, and at current prices by 18.8 percent in 2021. The centre’s data issued on Tuesday showed that GDP at constant prices increased to AED1.499 trillion in 2021 from AED1.442 trillion in 2020 while ...

  RAS AL KHAIMAH / WAM Abu Dhabi National Hotels (ADNH), a listed company at Abu Dhabi Securities Exchange operating hotels, catering, tours and transportation, has acquired a prime plot on Al Marjan Island to develop a AED 1 billion luxury Resort with 1,000 rooms, spread over 1 million square feet overlooking the Arabian Gulf. The investment highlights the appeal ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Bidya Devi Bhandari of Nepal on the occasion of her country’s Constitution Day anniversary. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, also sent similar messages to President Bhandari.

  DUBAI / WAM Dubai Investments, an investment company listed on the Dubai Financial Market (DFM), has launched an AED 1 billion Danah Bay project, a mixed-use beachfront destination on Al Marjan Island, Ras Al Khaimah. Spanning approximately 90,000 square meters, the project includes luxury townhouses and villas, residential waterfront apartments, an upper scale 4-star hotel resort and community retail. ...

  ABU DHABI / WAM Mubadala Energy has confirmed the discovery of a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320, off the coast of Sarawak province, offshore Malaysia. Preliminary analysis shows a significant gas column of more than 110 metres within the pinnacle carbonate reef reservoir. Mansoor Mohamed Al Hamed, CEO of Mubadala Energy, ...

  ABU DHABI/ WAM The Emirates Nuclear Energy Corporation (ENEC) has signed a Memorandum of Understanding (MoU) with CSFN (French Nuclear Cluster) at the fifth edition of E-Fusion, which was held on Tuesday. The event brought together the UAE and French nuclear sectors to further develop and strengthen their collaboration to support the development of the global nuclear supply chain. ...

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has signed a partnership agreement with Dutch startup Desolenator BV, to build a sustainable, carbon-neutral water purification and desalination system based on solar thermal energy. The innovative design is intended to be 100% reliant on solar energy at a target Levelised Cost of potable water production to be less than ...

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has signed a partnership agreement with Dutch startup Desolenator BV, to build a sustainable, carbon-neutral water purification and desalination system based on solar thermal energy. The innovative design is intended to be 100% reliant on solar energy at a target Levelised Cost of potable water production to be less than ...

  DUBAI / WAM The Federation of UAE Chambers of Commerce and Industry (FCCI) and the Polish Investment and Trade Agency (PAIH) discussed opportunities for cooperation in the private sectors of both countries. The discussion took place during a meeting, held at the FCCI headquarters in Dubai, between Humaid Mohamed bin Salem, Secretary-General of the FCCI, and JarosÅ‚aw Al Abbas, ...

  DUBAI / WAM The Ministry of Health and Prevention (MoHAP) will launch the National Seasonal Flu Awareness Campaign at a press conference to be held next week. Themed “Protect yourself… Protect your community”, the annual seasonal flu campaign will kick off on 26th September; in cooperation with Abu Dhabi Centre for Public Health and Dubai Health Authority (DHA) and ...