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 The UAE has sent an aid plane containing 48 metric tons of food supplies to Gambia, to strengthen the government’s continued support in alleviating the humanitarian situation and improving living conditions across many of the regions. Sultan Ali Al-Harbi, Non-Resident Ambassador of the UAE to Gambia, underscored the UAE’s keenness to provide humanitarian assistance to ...

  SHARJAH / WAM Shareholders of Sharjah Islamic Bank (SIB) have approved increasing the percentage of foreign ownership of the bank’s shares to 40%, at the Annual General Meeting headed by Abdul Rahman Al Owais, Chairman of the Board of Directors. They also approved the distribution of 8% of cash profits to shareholders after SIB achieved net profits of AED514.1 ...

ABU DHABI / WAM Silal, Abu Dhabi’s leading fresh produce and agri-tech company, and AeroFarms, a Certified B Corporation and leader in indoor vertical farming, have signed a Memorandum of Understanding (MoU) to forge a long-term research and development collaboration involving knowledge and technology transfer of advanced farming systems to local farmers. Under the MoU, both parties will assess opportunities ...

  RAS AL KHAIMAH / WAM The 9th edition of Arab Aviation Summit (AAS), the region’s leading aviation and tourism industry event, started on Monday at Al Hamra International Exhibition and Conference Centre in Ras Al Khaimah. Under the theme “Roadmap to recovery”, hundreds of international and local industry experts and media epresentatives will discuss various aviation and tourism topics. ...

  SHARJAH / WAM Marwan bin Jassim Al Sarkal, Executive Chairman of the Sharjah Investment and Development Authority (Shurooq), announced that it is currently considering investing in several Arab and Gulf Cooperation Council (GCC) countries, including Egypt, Saudi Arabia, Oman and Qatar. Shurooq has received a proposal to establish similar entities to Sharjah Sustainable City in Australia and the US, ...

  DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), announced that Dewa had completed the short-term goals of its Smart Grid Strategy 2014-2035. Between 2015 and 2020, Dewa replaced all electricity and water metres with smart metres, deploying over two million smart metres. By automating metre readings, Dewa empowers its customers ...

  UMM AL QAIWAIN / WAM Etihad Water and Electricity has announced it has completed installing over 220,000 smart electricity metres and 240,000 smart water meters, accounting for 65 percent of its planned number. Mohammed Mohammed Saleh, Director-General of Etihad Water and Electricity, said the company aims to standardise the model of smart meter used in all its facilities and ...

  ABU DHABI / WAM Silal, Abu Dhabi’s leading fresh produce and agri-tech company, and AeroFarms, a Certified B Corporation and leader in indoor vertical farming, have signed a Memorandum of Understanding (MoU) to forge a long-term research and development collaboration involving knowledge and technology transfer of advanced farming systems to local farmers. Under the MoU, both parties will assess ...

  ABU DHABI / WAM Edge Group, an advanced technology group established to develop agile, bold and disruptive solutions for defence and beyond, announced its participation in the inaugural World Defense Show, being held in Riyadh, the capital of the Kingdom of Saudi Arabia, from March 6-9. EDGE is the region’s leading advanced technology company for defence and beyond, and ...

DUBAI / WAM School visit numbers to Expo 2020 Dubai — the world’s best classroom — have hit 500,000, as students from public and private schools across the UAE make the most of the myriad educational opportunities available across the site. As of February 25, 532,794 students had visited the site through the Expo School Programme. The Expo School Programme ...