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 Reef, the largest operator of delivery kitchens, logistics, and proximity hubs in North America, and Americana Group (Americana), the largest food & beverage operator in the Middle East region, announced a joint venture to open cloud kitchens that will operate Reef, Americana and third party brands throughout the Middle East and North Africa. “As Reef ...

  SHARJAH / WAM Dana Gas has announced that its collections from the KRI and Egypt rises 107% year-on-year in 2021 to $377 million (AED1.38 billion) from $182 million (AED 667 million) in 2020, enhanced by a strong rebound in oil prices, an accelerated pace of payments from Egypt and the settlement of past outstanding KRI receivables. Dana Gas, which ...

  Sharjah / Gulf Time Arada reported a strong sales performance for 2021, thanks to successful new project launches and a resurgence in the overall property market in both Sharjah and the wider UAE. The developer posted a 38% increase in sales to AED2.41 billion during 2021 in comparison to the previous year. In total, Arada sold 2,488 homes in ...

  Abu Dhabi / WAM AD Ports Group has launched Kizad Communities Development and Services Company, a project that aims to champion the staff wellbeing across the full value chain. Kizad Communities will provide integrated solutions for staff residential communities, including new developments, new services, and property management solutions. The new project will take on the operations of the existing ...

  ABU DHABI / WAM BBC Travel, a designated BBC portal for travel stories, has praised on Thursday the UAE’s “resilience” during the Covid-19 global pandemic. “Even as the Omicron variant has parts of Europe on lockdown again, the UAE has managed, so far, to stay open to most travellers while keeping infections low,” said the report headlined “Why is ...

  Sharjah / WAM The Central Region Department of the Sharjah Electricity, Water and Gas Authority (Sewa) implemented a number of development projects during 2021. As many as 80 projects have been implemented for network modifications and the installation of approximately 50 transformers in the central region. Cables have been extended to implement these projects with up to 197,624 km ...

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 405,418 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, 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 necessary treatment. ...

  Sharjah / WAM The Sharjah Entrepreneurship Centre (Sheraa) has honoured three teams of young aspiring entrepreneurs for their unique and outstanding business ideas for new edition of Rising Stars Competition during a ceremony at the Sharjah Research, Technology, and Innovation Park. The announcement came after 126 high school students aged 13-18 from 21 schools, had pitched their innovative ideas ...

  Bloomberg Uranium prices jumped as Kazakhstan, the world’s largest producer of the radioactive metal, struggles to cope with deadly protests that pose the biggest challenge to the country’s leadership in decades. The Central Asian nation, a part of the former Soviet Union that produces more than 40% of the world’s uranium, has disrupted communications networks and restricted some travel ...

  Asia’s richest man has promised to accelerate what he claims will be a “momentous leadership transition” to the next generation. Just how Mukesh Ambani will carve up his $217 billion empire is still under wraps, but one thing is clear: The eagerly anticipated corporate succession will be underpinned by the emergence of at least three superstar businesses, each of ...