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 Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and the Abu Dhabi Residents Office (ADRO), a sector of the Department of Economic Development – Abu Dhabi, have signed a partnership agreement to support the prosperity of ADGM’s international community, ensuring the seamless integration and continued stability of the diverse cultures in ...

  Dubai / WAM State Grid Corporation of China (SGCC), the largest utility company in the world, has expanded its presence in the region by setting up in Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (Measa) region. This is the first office the Chinese state-owned electric utility corporation has ...

  Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), Chairwoman of the Supreme Council for Motherhood and Childhood, Supreme Chairwoman of the Family Development Foundation (FDF), has stressed that women are the cornerstone of the country’s process of building and empowerment, and are the icons of its national achievements. In her exclusive ...

  Abu Dhabi / Gulf Time Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has announced a new lending feature that allows SMEs and startups to apply for loans of up to AED5 million directly through its digital banking app and receive approval or feedback within five days. The service, in ...

  Abu Dhabi / WAM The Ministry of Defence – represented by the Joint Operations Command – has begun operating an air bridge to transport humanitarian aid provided by the UAE to Pakistan. The relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floods, with the aim of contributing to supporting ...

  Dubai / WAM Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention and Minister of State for Federal National Council Affairs, has emphasised that Emirati women have exceptionally proved themselves in all fields and made remarkable milestones that turned them into true role models both locally and internationally. “Their achievements would not have been possible ...

  Dubai / WAM Expo City Dubai is gearing up to open on October 1, building on Expo 2020 Dubai’s pledge to inspire future generations. Ahead of the official opening of the Expo City Dubai site in October, visitors are invited to experience two of its most popular pavilions from September 1, with the re-opening of Alif – The Mobility ...

  Bloomberg German energy giant Uniper SE is seeking to extend a government credit line to 13 billion euros ($13 billion) in the latest sign of how the energy crisis is getting worse. The utility has requested an additional 4 billion euros ($4.1 bilion) from Germany’s state-owned lender KfW after fully using its existing 9 billion-euro credit line, Uniper said in ...

  Bloomberg The European Union (EU) is planning urgent action to try to dampen soaring power prices and is putting together proposals to reform the electricity market, according to Commission President Ursula von der Leyen. “Skyrocketing electricity prices are now exposing, for different reasons, the limitations of our current electricity market design,” von der Leyen, who heads the EU’s executive body, ...

Bloomberg French utility Engie SA is closing in on an agreement with Algeria for an increase in imports of natural gas, a deal that could come after an official visit to the country by President Emmanue Macron. “Diplomatic negotiations are ongoing,” government spokesman Olivier Veran said on BFM TV, adding that an announcement could come shortly. Europe 1 radio first ...