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

  Bloomberg Oil tanker owners are avoiding offering their ships to collect crude from Russia as they wait to see what sanctions the country might face after invading Ukraine. Two shipbrokers and three owners said owners are currently unwilling to make offers to collect Russian barrels. The owners said that oil-freight transportation costs are also very low anyway, making it ...

  ABU DHABI / WAM Following the signing of the Memorandum of Understanding (MoU) in October 2021 between the Abu Dhabi Securities Exchange (ADX) and the Astana International Exchange (AIX), the two exchanges announced that officials from both financial markets met to further define the areas of mutual collaboration and target immediate next steps to achieving the goals of the ...

DUBAI / WAM Jameela bint Salem Al Muheiri, Minister of State for Public Education, inaugurated the Global Education & Training Exhibition (Getex), Middle East’s leading education exhibition and a student recruitment event. Held at the Dubai International Convention and Exhibition Centre, the opening ceremony was attended by Dr Abdulla Al Karam, Director-General of Knowledge and Human Development Authority (KHDA), other ...

  ABU DHABI / WAM The UAE and the US signed a judicial cooperation agreement covering mutual legal assistance in criminal affairs, which is the first agreement of its kind in the Gulf Cooperation Council (GCC) region. The agreement was signed by Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice, and Sean Murphy, Foreign Affairs Attaché at the ...

  ABU DHABI / WAM Borouge, a joint venture between Adnoc and Borealis that provides innovative, value-creating polyolefin solutions, has announced the successful start-up of its new fifth polypropylene unit (PP5) in Ruwais. The new unit will boost the UAE’s polypropylene production to meet the growing global demand for manufactured products in the recyclable advanced packaging, infrastructure, and other industrial ...

  ABU DHABI / WAM The UAE and the US signed a judicial cooperation agreement covering mutual legal assistance in criminal affairs, which is the first agreement of its kind in the Gulf Cooperation Council (GCC) region. The agreement was signed by Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice, and Sean Murphy, Foreign Affairs Attaché at the ...

  ABU DHABI / WAM PTT’s new trading office was opened by the PTT Chairman, CEO and Board of Directors, who travelled to Abu Dhabi to mark the milestone, alongside representatives from Adnoc, IFAD and ADGM. PTT is Thailand’s largest corporation and the only Thai company listed in Fortune Global 500. PTT becomes part of the growing energy trading community ...

  DUBAI / WAM The Australian state of New South Wales (NSW) has showcased its agrifood innovation and manufacturing capabilities to strengthen further its ties with the UAE at a dinner event held at the Australia Pavilion at Expo 2020 Dubai. The event was led by the newly appointed Vish Padmanabhan, NSW Senior Trade Commissioner to India and the Middle ...

  The worst, it seems, has now happened in Ukraine. In a pre-dawn televised address, Russian President Vladimir Putin announced he had ordered an operation aimed at demilitarising Ukraine. It’s a dark moment for Russia, for Ukraine, for Europe — the darkest in Putin’s two decades at the helm. It is also a point of no return for Russia’s leader, ...

A leadership handover is normally time for refreshment and renewal at companies: new directions, exciting targets. Not so right now at Barclays Plc, where Jes Staley was recently pushed out prematurely as chief executive officer by UK regulators concerned about how he’d presented his personal ties with Jeffrey Epstein. The British bank’s new CEO, CS Venkatakrishnan, and Chief Financial Officer ...