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

Kuwait / WAM / Kuna The United Arab Emirates has received a 41 percent share of foreign direct investment projects Arab countries attracted between 2003 and 2021. According to the Arab Investment Export Credit Guarantee Corporation (Dhaman), Arab countries have attracted 14,443 foreign projects with a total capex of $1.3 trillion over the last 19 years. The corporation said in ...

  Abu Dhabi / WAM Emirates International Gas (EIG), a subsidiary of EHC Investment, has signed a memorandum of understanding (MoU) with Q Properties, a subsidiary of Q Holding, to supply gas to Q Properties projects. Under the MoU terms, EIG will provide the development company with a range of services related to the supply of gas to properties, including ...

Abu Dhabi / Agencies Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, an air bridge carrying food and medical supplies has begun operating to Afghanistan, and a medical team and field hospital have been dispatched. The aid shipment comes as part of the UAE’s efforts to address the current situation in Afghanistan and its effective ...

Abu Dhabi / WAM His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Crown Prince Court and Chairman of Etihad Rail, has visited the final package of Stage Two of the UAE National Rail Network, which extends for 145 kilometres from Sharjah to Fujairah Port and Ras Al Khaimah, to review the progress of rail construction works ...

  ABU DHABI / WAM The General Women’s Union (GWU) launched the first training course of the Cyber Pulse initiative for women and families, in collaboration with the UAE Cybersecurity Council, the Telecommunications and Digital Government Regulatory Authority (TDRA), the Supreme Council for Motherhood and Childhood and the Khalifa Empowerment Programme (Aqdar). The training initiative, held at the GWU headquarters ...

  Abu Dhabi / Gulf Time Aiming to make wholesale buying convenient, secure, and transparent, Safqat — an online B2B marketplace — will soon debut in the UAE market. Replacing traditional one-on-one interactions, Safqat provides a streamlined one-to-many model that reinforces supplier-buyer connection. The platform aims for suppliers to reach restaurants, caterers, supermarkets, and grocery stores with a simple click ...

  Dubai / Gulf Time Emirates has taken off to Tel Aviv, marking the airline’s first passenger flight to Israel. Emirates flight EK931 departed with 335 passengers, including a VIP delegation and Israeli media onboard at 1220hrs local time. Emirates executives onboard included: Adel Al Redha, Chief Operating Officer; Dr Abdulla Al Hashimi, Divisional Senior Vice President, Group Security; Adil ...

  Dubai / WAM Dubai Airports has issued a passenger advisory alerting travellers about Dubai International (DXB) getting exceptionally busy over the next two weeks as a result of schools breaking for summer and the Eid Al Adha holidays. According to the operator, some 2.4 million passengers are expected to pass through DXB between June 24 and July 4, with ...

There’s a UK mega-deal just waiting to happen. The difficult question for investors is how long that wait will be. The consumer-healthcare business of GSK Plc will be a takeover target when it’s spun out of the drugmaker in July. Haleon, as the manufacturer of Sensodyne toothpaste and Panadol painkillers is called, attracted a failed £50 billion ($62 billion) offer ...

To look at the way richer countries are spending money on the energy transition, you might think we’re within reach of bringing climate change under control. Investment in clean energy has only accelerated in the years since Covid-19 struck. In the second half of the last decade, it grew at a 2% annual rate. Since 2020, that’s risen to 12% ...