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 HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), on Friday, expressed her pride in the achievements of Emirati women and their contribution to the UAE’s progress and development, based on knowledge and sincere ...

  Abu Dhabi / WAM Masdar’s Women in Sustainability, Environment and Renewable Energy (WiSER) platform on Friday completed its first field-based course in Rwanda to teach young women in rural off-grid communities to harness the potential of clean energy solutions, in line with the United Nations’ Sustainable Development Goal (UN SDG) 7 to ensure access to affordable, reliable, sustainable and ...

  Abu Dhabi / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, has stetted that women’s participation has been part and parcel of the UAE’s sustainability journey. On the occasion of Emirati Women’s Day, which is observed on August 28, Almheiri said, “This year, we mark the day under the theme ‘Inspiring Reality .. Sustainable Future’ ...

Bloomberg European governments have allocated about 280 billion euros ($278 billion) in funding to cushion the impact of the energy crisis on households and businesses. The funding, calculated by Brussels-based Bruegel think tank, measures fresh allocations since September, and covers everything from subsidising tariffs for small businesses in Greece to direct payouts to consumers in Belgium. Some of the money ...

  Bloomberg Nigeria aims to raise an initial $10 billion in funding to implement its energy transition plan ahead of COP27 climate talks later this year, the country’s vice president said. Africa’s most populous country needs at least an additional $10 billion a year and a total $410 billion to deliver on its net-zero targets by 2060, Vice President Yemi ...

  Bloomberg Brazil’s steel consumption should double within the next 10 years thanks to “gigantic opportunities” and a need to build more infrastructure in Latin America’s biggest economy, said ArcelorMittal SA’s executive in Brazil. Demand for the industrial metal will potentially grow due to the need to build more housing, renewable energy projects, ports as well as oil-and-gas assets, especially ...

  Bloomberg India’s Avaada Group signed an initial pact to invest 400 billion rupees ($5 billion) in a green ammonia project in the country’s northern state of Rajasthan, the company said. The renewable energy producer plans to build a 1 million ton-a-year green ammonia facility in the solar energy-endowed province, creating direct employment for 3,500 people, Avaada said in an ...

  Bloomberg PetroChina Co. posted its best-ever first-half earnings as the nation’s top oil and gas driller benefited from soaring global energy prices, and said that government stimulus is starting to lift Chinese oil demand. The firm reported 82.39 billion yuan ($12 billion) in net income for the first half of the year, up 55% from the same period in ...

  Bloomberg Venezuela is in talks with the global energy giant Siemens Energy AG to repair power plants as part of a government plan to rebuild a crumbling electricity grid plagued by constant blackouts and a lack of maintenance. Siemens is working with the government on potential contracts aimed at repairing gas- and diesel-burning generation facilities that serve the capital, ...

China’s central bank protests too much. Beijing is wary of overdoing its efforts to shore up the troubled financial system and faltering economy, but continues to be pushed into rolling out new measures. Fresh steps are announced almost daily, though many are modest in scope. China faces at least another year of lackluster expansion, and global growth will endure significant ...