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 Ministry of Defence has announced its intention to sign a contract with China National Aero-Technology Import & Export Corporation (CATIC) for the purchase of 12 L15 aircraft, with the option for 36 additional aircraft of the same type in the future. Tareq Abdulraheem Al Hosani, CEO of Tawazun Economic Council, said the deal comes as ...

  ABU DHABI / WAM Abdullah Mohammed Al Mazrui, Chairman of Abu Dhabi Chamber of Commerce and Industry, has discussed with Fatmir Bytyqi, Deputy Prime Minister of Government of the Republic of North Macedonia in charge of Economic Affairs, the means of boosting economic cooperation between businesses in Abu Dhabi and North Macedonia. During the meeting, which was held on ...

  Dubai / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise — has announced the opening of the Israel Diamond Exchange (IDE) representative office at the Dubai Diamond Exchange (DDE) in Almas Tower. Senior representatives and government officials from DMCC, World Federation of Diamond Bourses (WFDB), IDE and the Israeli ...

  ABU DHABI / WAM The Emirates Scientists Council (ESC), chaired by Sarah bint Yousif Al Amiri, Minister of State for Advanced Technology, held the first meeting of its third cycle to discuss the council’s role in contributing to the major national initiatives launched as part of the ‘Projects of the 50’ and ‘Principles of the 50’. The ESC established ...

  Dubai / WAM The Ministerial Development Council, chaired by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, held its meeting at Expo 2020 Dubai and discussed several key initiatives and projects aiming to further develop government work ecosystem. The council discussed a number of legislations including the organisation of family business, the ...

  ABU DHABI / WAM The United Arab Emirates has sent a plane carrying 47 tonnes of emergency relief supplies to Mozambique, to address the humanitarian situation of hurricanes, drought and terrorist attacks faced by some countries of the African continent. The assistance is part of provisions to support casualties and the displacement of many residents, which has left families, ...

  Dubai / WAM The Sustainable City, the Middle East’s first fully-operational sustainable community, and its sister development Sharjah Sustainable City, have won four gold awards at the Gulf Real Estate Awards 2022. The Sustainable City, operating in Dubai since 2016, placed first in both the ‘Customer Happiness’ and ‘Customer Experience Initiative’ categories. The win comes as recognition for the ...

  ABU DHABI / WAM Tawazun Industrial Park (TIP), a subsidiary of Tawazun Economic Council (Tawazun), has announced the launch of a competition for unmanned systems, in collaboration with Khalifa University of Science and Technology. The announcement came on the sidelines of the UMEX Unmanned Systems Exhibition 2022 and the collaboration aims to attract young national talent and hobbyists to ...

  Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, the friendship relations and strategic partnership between the two countries. In a phone call, the two sides also reviewed a number of regional and international developments and issues ...

Bloomberg Wind power is making a comeback in Europe as three named stormed battered the region in recently, helping ease reliance on fossil fuels just as tensions over Ukraine are running high. Turbines in the European Union generated a record 14.9 terawatt-hours of electricity last week, with Germany producing the most wind power ever, according to data from research institute ...