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

  Dubai / WAM Dubai International Financial Centre (DIFC) on Monday announced that Lord Abbett (Middle East) Limited, a leading asset manager, has received approval from the Dubai Financial Services Authority (DFSA) to operate its first and only Middle East office. The approval will enable the company to bring its investment and client-led proposition to the Middle East investment community. ...

Paris / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with French Republic President Emmanuel Macron for a private lunch at the Elysée Palace on Monday. The two Heads of State discussed opportunities for collaborating and expanding their longstanding partnership alongside overall developments and approaches to topics of regional and global concern. His Highness also congratulated President ...

  Abu Dhabi / WAM The UAE and France are bound by longstanding strategic relations as they derive their strength from the support, follow-up and directives of the leadership of the two countries represented by President His Highness Sheikh Mohamed bin Zayed Al Nahyan and President Emmanuel Macron of the French Republic. During the past years, the distinguished relations between ...

  Paris / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has been welcomed at a formal reception ceremony in Paris to mark the official start of his inaugural state visit to France. His Highness was received at the Army Museum in Les Invalides by Armed Forces Minister Sébastien Lecornu, accompanied by members of the French Republican Guard. ...

  Dubai / Gulf Time Emirates, the Dubai-based international airline, on Monday announced that from August 3, it will step up its frequencies from Dubai to Guangzhou to twice weekly from the current once a week service, operated with its flagship A380 aircraft. This added frequency will further help meet the growing customer demand on the back of gradually-eased travel ...

  Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (Adnec) announced opening of electronic registration for visitors to the Global Media Congress (GMC), which is being held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, from November 15-17. The Global Media Congress will host a pivotal ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) commissioned a new 400/132 kV substation in Al Qusais Industrial Area 5, and ten 132/11 kV substations in different areas in Dubai, during the first half of 2022. This is part of Dewa’s efforts to provide an advanced infrastructure that keeps pace with the increasing demand for energy in Dubai. The ...

Bloomberg Germany produced a record amount of electricity from solar and is set to exceed that again on Tuesday as a heat wave grips Europe. About 38,174 megawatts were generated from solar panels and high levels are expected through Wednesday. A fresh record is possible on Tuesday, with a maximum 38,287 megawatts forecast. A brutal heat wave is moving into ...

  Bloomberg European energy and utilities companies are racking up more debt to cover cost of soaring oil and gas prices. Their overall debt, which has been climbing since the pandemic, has swelled this year to more than 1.7 trillion euros ($1.7 trillion) — more than a 50% jump from before 2020. Most recently, Germany’s Uniper looks set to need ...

It’s a falling chain of energy dominoes — one in which each tile is worth many billions of euros. A failed utility here, a nation’s supply there. When the dust settles, the total bill for rescuing the European energy market this winter will easily top $200 billion. This may sound flippant, and it’s admittedly a rough estimate. But the calculus ...