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 Electricity and Water Authority (Dewa) is implementing its updated Smart Grid Strategy 2021-2035, which features a high standard of resilience and agility that keeps pace with development and rapid changes to ensure the continuity of the organisation’s excellence and global leadership. Saeed Mohammed Al Tayer, MD and CEO of Dewa, praised the team’s efforts, which ...

  Abu Dhabi / WAM Chimera Capital LLC, an Abu-Dhabi-based investment management firm and subsidiary of Chimera Investment LLC, announced that Q Market Makers (QMM) has become a market maker for its four Exchange Traded Funds (ETFs) listed on the Abu Dhabi Securities Exchange (ADX). QMM, part of ADQ, was launched in 2020, and has, over the past 18 months, ...

ABU DHABI / WAM The UAE on Tuesday sent a plane carrying 30 metric tonnes of food and relief supplies to Afghanistan to meet the immediate basic food needs of Afghan people, particularly women and children. The aid comes in response to the exacerbated living conditions in many countries already suffering from a deteriorating humanitarian situation. Issa Salem Al Dhaheri, ...

  Dubai / WAM Emirates Group announced a donation of AED5 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 and most needy groups across 50 countries in the Middle East, North Africa and other parts of the world. Emirates Group’s AED5-million-donation ...

  Ras Al Khaimah / WAM Ras Al Khaimah Tourism Development Authority (RAKTDA) has further added to its credentials as an employer of choice with a top ten ranking on the Best Workplaces List of 2022 – Small & Medium Organisations. Awarded by the Great Place to Work, the global authority that recognises high-trust, high-performing workplace cultures, RAKTDA is the ...

  ABU DHABI / Gulf Time Emirates Health Services (EHS) has launched the ‘Riyada’ initiative as part of its efforts to advance the health services system and develop delivery channels, in line with its strategies and aspirations to enhance quality of life, implement the highest standards of smart health services, and ensure customer happiness and satisfaction. The initiative aims to ...

  DUBAI / WAM A report published by the World Government Summit Organisation (WGS), in partnership with the consultancy firm PricewaterhouseCoopers (PwC), has warned that the acceleration, complexity, and scale of climate change events will have a devastating impact on global development, stability, and prosperity. The document calls for building climate-resilient pathways to achieve equitable development, while meeting current and ...

  Bloomberg India’s JSW Group, which runs emissions-heavy businesses including steel, cement and energy, plans to switch a majority of its bonds to green instruments as the industrial giant seeks access to longer-term borrowings. Raising debt overseas through green and sustainability-linked bond issues will allow the group led by tycoon Sajjan Jindal to almost double its tenure to 10 years, ...

  Bloomberg Denmark wants to temporarily increase its output of natural gas to help Europe wean itself off Russian energy. The Nordic country, which has pledged to stop production of fossil fuels, will start talks with the companies operating in its part of the North Sea and pledged to speed up administrative processes to allow more production, according to a ...

  Bloomberg Renewable energy developer Quantum Power Asia Pte agreed to advance a potential $5 billion plan to export clean electricity to Singapore as the city-state attempts to accelerate its use of renewables. Quantum and Berlin-based partner Ib Vogt GmbH aim to construct a 3.5 gigawatt solar facility and 12 gigawatt-hour battery storage facility across 4,000 hectares of land in ...