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

  Sharjah / WAM Sharjah Islamic Bank (SIB) announced an increase in its operating profit before provisions by 17.1%, amounting to AED 248.5 million for the first quarter 2022, compared to AED 212.2 million for the same period of the previous year. Net profit amounts to AED 187.0 million for the quarter ended March 31 compared to AED 164.2 million ...

  Dubai / WAM Medyaf, the industry nationalisation initiative at Dubai College of Tourism (DCT), part of Dubai’s Department of Economy and Tourism, has launched the ‘Explore the Tourism Industry in Dubai’ initiative. Designed to empower Emirati talents seeking to join the tourism workforce with the fundamental knowledge and skills, the initiative offers an immersive programme of interactive workshops, field ...

  Abu Dhabi / WAM Khalifa Shaheen Al Marar, Minister of State, headed the UAE delegation to the fourth meeting of the Arab Ministerial Committee in charge of international action to confront illegal Israeli policies and measures in the city Jerusalem. The meeting was held at the invitation of the Hashemite Kingdom of Jordan in its capacity as Chair of ...

  Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry and the Korea Federation of Small and Medium Business (KBIZ) signed a cooperation agreement to strengthen economic and trading relationships between their respective members. Signed in Abu Dhabi, the cooperation agreement stipulates that both parties shall support the business environment as a global system for positive partnerships ...

  Dubai / WAM Medyaf, the industry nationalisation initiative at Dubai College of Tourism (DCT), part of Dubai’s Department of Economy and Tourism, has launched the ‘Explore the Tourism Industry in Dubai’ initiative. Designed to empower Emirati talents seeking to join the tourism workforce with the fundamental knowledge and skills, the initiative offers an immersive programme of interactive workshops, field ...

  Abu Dhabi / WAM Al Dhafra Region will host the fifth edition of the Historic Dalma Sailing Festival’s 60-FT Dhow Race from May 7-20, under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region. The 60-foot traditional dhow race, with a prize fund of AED25 million, is the highlight of the ...

  Dubai / WAM du, from Emirates Integrated Telecommunications Company (EITC), has announced a donation of AED1 million to the “1 Billion Meals” initiative, the largest of its kind in the region, which aims to assist and provide sustainable food support to the underprivileged in 50 countries. The initiative has achieved exceptional success since the first days of its launch ...

  Bloomberg General Motors Co and Honda Motor Co are in talks about expanding their electric-vehicle partnership to include developing solid-state batteries, which automakers are chasing because they have more power, lower cost and reduced risk of fire. The companies have been discussing joint development of future batteries as they expand cooperation, though no decision has been made yet, Shinji ...

Bloomberg Climate change produced another record-breaking year of extreme weather in Europe in 2021, triggering catastrophic flooding and the hottest summer on record, according to scientists at the Copernicus Climate Change Service. Summer temperatures in Europe last year were one degree Celsius above the average of the previous 20 years, and the rainfall that battered Germany and Belgium broke records, ...

Bloomberg Belgium isn’t doing enough to curb its greenhouse gas emissions, a challenge highlighted by its plans to phase out nuclear energy, according to the International Energy Agency (IEA). The country, home to many of the European Union’s major institutions, has made limited progress on reducing its reliance on fossil fuels, the IEA said in a report. It called for ...