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

  Sharjah / WAM Ajman Bank signed a financing agreement with local developer Arada that will provide AED152 million ($41.38 million) to finance the construction of two key projects within the fast-growing Aljada mixed-use community, Sharjah’s largest ever megaproject. The arrangement has resulted in the provision of AED37 million in financing for a villa complex within the Aljada community, as ...

DUBAI / WAM Dubai Land Department (DLD) has signed memoranda of understanding (MoUs) with three companies specialised in providing smart and advanced real estate solutions: Bayut, DXBinteract.com, and Property Finder. The MoUs aim to provide Dubai’s real estate market with the best solutions that rely on data and interactive reports, which contributes to enhancing the digital transformation trends witnessed by ...

  Abu Dhabi / WAM During its pioneering 50-year journey, Abu Dhabi Fund for Development has worked to support international efforts aimed at achieving sustainable development in the education sector around the world. To date, it has funded 64 educational development projects that serves the educational sector, with a total of AED2 billion invested across 15 developing countries around the ...

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) received a Syrian delegation led by Kinan Zahreddine, Syrian Consul-General in Dubai, to discuss enhancing economic relations and increase trade exchange. The meeting also reviewed potential investment opportunities to support economic cooperation and enhance the partnership between businessmen. The delegation was received by Abdullah Sultan Al Owais, Chairman ...

  DUBAI / WAM The Grand Duchy of Luxembourg celebrated its Expo 2020 Dubai National Day with a commitment to international cooperation to address future challenges, alongside a varied cultural programme. There was a poetry recital of Luxembourg poem “It Draws Us Up” by Carla Lucarelli, in Arabic and English, at Al Wasl Plaza, followed by performances from saxophonist Olivier ...

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 499,001 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Monday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the ...

  Dubai / WAM Emirates 2022 World Stamp Exhibition, the first international philatelic exhibition in the region, ended with great success, at the Dubai Exhibition Centre. Coinciding with Expo 2020 Dubai, the event featured more than 175 exhibits from 27 countries in the Middle East, Asia, Africa, Europe, America, and Oceania. The international event was a major step towards increasing ...

  Bloomberg The European Union’s executive arm is testing the waters to see if its trading partners, including the United States, could boost natural gas supplies to the region amid limited shipments from Russia and rising geopolitical risks, according to the bloc’s energy chief. While the EU has a robust gas infrastructure and clear procedures in case of emergencies, it ...

  Bloomberg Shell Plc has identified 4 billion euros ($4.5 billion) of potential investments in France in a bid to support the country’s efforts to develop sustainable sources of energy, Le Figaro reported, citing an interview with Chief Executive Officer Ben van Beurden. Shell wants to invest in offshore wind farm projects, the creation of electric vehicle battery charging stations ...

  Bloomberg An April increase to the government’s price cap on energy bills will affect more than 75% of British households, according to The Times. The number of households covered by the price limit has risen to 22 million from 15 million, the newspaper said, citing energy regulator Ofgem. Standard variable tariffs are capped at 1,277 pounds ($1,731) a year ...