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 Abu Dhabi Securities Exchange (ADX) and FTSE Russell have partnered to develop co-branded indices, supporting the exchange’s recently launched derivatives market and bringing the exchange’s stock performance measures into line with global standards. The FTSE ADX General Index is replacing the ADX General Index, and FTSE ADX sector indices will take the place of ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) commissioned 1,310 new 11 kV power distribution stations across Dubai from January 1 until December 31, 2021. This is part of its efforts to provide a state-of-the-art infrastructure that keeps pace with growing demand and meets customer needs. These stations are mainly at Mohammed bin Rashid Gardens, Airport City, Wadi ...

ABU DHABI / WAM Silal, Abu Dhabi’s leading fresh produce and agritech company, has appointed Salmeen Obaid Alameri as the new Chief Executive Officer (CEO). In his new role, Alameri will be tasked to drive the company’s strategic growth. Alameri will work to harness leading capabilities and deploy advanced technology to help secure strategic food reserves, ensuring access to safe, ...

  Sharjah / WAM Bee’ah, the Middle East’s sustainability pioneer, has now become Beeah Group, adopting the structure of an investment holding company and assuming a new visual identity. As Beeah Group, the organisation is unifying its growing businesses across industries and countries, including operations in UAE, KSA, Egypt and global joint ventures. Since its founding over a decade ago, ...

  Gaza / WAM Nearly 230,000 students and teachers in the Gaza Strip will have access to clean drinking water, under the framework of a UAE Government-funded international initiative led by the Rostropovich-Vishnevskaya Foundation (RVF) based in Washington DC in the United States. Under the initiative, 125 schools managed by the United Nations Relief and Works Agency for Palestine Refugees ...

  Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) has announced a AED 385 million agreement with Minor International Public Company Limited (Mint) to jointly hold shares in five tourist resort assets in Thailand, including Anantara Riverside Bangkok Resort, Avani and Riverside Bangkok Hotel, Riverside Plaza Bangkok, Anantara Layan Phuket Resort and Four Seasons Resort Koh Samui. This ...

  ABU DHABI / WAM The Federal Emergency Crisis and Disasters Prosecution has warned public not to spread rumours or false information about the preventive measures adopted by authorities to curb the spread of Covid-19 and not to flout them. “In light of the recent circulation of photos and videos on social media spreading information from some Covid-19 patients on ...

  Abu Dhabi / WAM Silal, Abu Dhabi’s leading fresh produce and agritech company, has appointed Salmeen Obaid Alameri as the new Chief Executive Officer (CEO). In his new role, Alameri will be tasked to drive the company’s strategic growth. Alameri will work to harness leading capabilities and deploy advanced technology to help secure strategic food reserves, ensuring access to ...

  Abu Dhabi / WAM Zayed University signed a memorandum of understanding (MoU) with Injazat, a Digital Transformation, Cloud, and Cyber Security company, to mentor students on EdTech projects. Spearheaded by Abu Dhabi’s G42, the parent company of Injazat, the partnership will see Zayed University match students from their College of Interdisciplinary Studies, with the mentors and practitioners at Injazat ...

  Bloomberg BHP Group will buy a minority stake in a Tanzanian nickel project as the world’s biggest miner seeks to expand in commodities that will be central to the green-energy transition. BHP’s investment in Kabanga Nickel Ltd. comes less than a month after the commodities giant bowed out of a bidding war for Noront Resources Ltd., which owns nickel ...