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 Etihad Engineering has won ‘MRO Service Provider of the Year – Commercial Aviation’ award at the Aviation Achievement Awards 2022. Abdul Khaliq Saeed, Chief Executive Officer at Etihad Engineering, was honoured with the ‘Outstanding Contribution to the Aviation Industry’ award at the event held in Dubai. The Aviation Achievement Awards, celebrate and recognise exceptional resilience, ...

  AJMAN / WAM Ajman Free Zone (AFZ) announced on Thursday that it has become an AWS Activate Provider. Now startups affiliated with the AFZ who are building or about to start building on Amazon Web Services (AWS) can apply for the AWS Activate incentive programme and receive free AWS credits, technical support, training, resources, and more. Inclusion in AWS ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has announced the rebranding of its Second Market, a key equity market on the exchange that connects investors and privately owned business, complementing Abu Dhabi’s fast-developing ecosystem for companies that are looking to catalyse their growth. The Growth Market, which replaces the Second Market established in 2014, offers companies ...

  Dubai / WAM Dubai Chamber of Commerce revealed it has recorded AED11 million ($2.99 million) in cost savings and saved one million sheets of paper in 2021 after obtaining the 100 percent Paperless Stamp from the Dubai Digital Authority. The estimated value of savings reflects the cost of printing, time and transportation to the chamber’s customer happiness centres. Last year, ...

  Sharjah / WAM Sharjah Book Authority (SBA) has announced the second edition of the Emirati Book Fair (EBF), slated to run from April 20 – 24 at the SBA headquarters in Sharjah. Being organised in collaboration with the Emirates Writers Union, the event will offer a public platform to ten Emirati publishing houses, allowing them to showcase thousands of ...

  Abu Dhabi / WAM The Federal Tax Authority (FTA) has announced the launch of Raqeeb, the “whistle-blower program for tax violations and evasion”, which aims to promote community control over local markets, raise the level of tax compliance in the UAE and reduce tax evasion cases. Effective as of April 15, in line with the cabinet decision regarding the ...

  ABU DHABI / WAM Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming generations, announced that it has funded ‘Lune,’ a platform from an Emirati startup specialising in the field of financial data analysis, with an amount of AED250,000. Created by Lune Technologies, a startup founded by a ...

  Dubai / WAM Emirates will soon launch Non-Fungible Tokens (NFTs) and exciting experiences in the metaverse for its customers and employees. The airline, which has earned a reputation for its innovative products and customer-centric services, today unveiled its plans to build signature brand experiences in the metaverse, alongside both collectible and utility-based NFTs. The first projects are already underway, ...

  Bloomberg The majority of China’s massive desert renewable power project will be built after 2025, and most of the capacity in the first phase will come from solar, according to a researcher from the country’s largest grid operator. The details fill in some gaps about the country’s plans to build 455 gigawatts of wind and solar power across the ...

Bloomberg Petrobras’s shareholders appointed Jose Mauro Coelho as a board member, a key step for the former energy ministry official to become chief executive officer and end a tumultuous leadership transition. The board of directors at Petroleo Brasileiro SA, as the state-controlled oil producer is known, will hold a separate vote to name Coelho as CEO. It is expected to ...