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

  Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) has commenced the operations of the first phase of its new District Cooling plant in Za’abeel, Dubai, with a cooling capacity of 27,750 refrigeration tonnes (RT). The total cooling capacity of the plant will be 50,000 RT upon completion and will be interconnected with the company’s existing district cooling plant ...

  Dubai / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and Chairwoman of the National Committee on Sustainable Development Goals stated that projects with immediate impact would be at the top of the committee’s agenda and implementation strategies during the upcoming period. Al Hashemy’s remarks were made during the committee’s first meeting in 2022, and ...

  Abu Dhabi / WAM Abu Dhabi University (ADU) signed agreements with Malaysian academic institutions during a delegation visit led by Dato’ Professor Dr Husaini Omar, Director-General of the Ministry of Higher Education in Malaysia, and 30 delegates from 10 prestigious Malaysian universities. These partnerships will enable the ADU to provide its students with valuable knowledge transfer and exchange opportunities. ...

  DUBAI / WAM Hewlett Packard Enterprise on Monday announced that it has signed a memorandum of understanding (MoU) with the UAE Cyber Security Council to enhance cyber skills training in schools and prepare Emirati youth for careers in the technology industry. HPE and the Cyber Security Council will launch various initiatives nationwide and expect to work with more than ...

  Dubai / WAM Arada, a Sharjah-based development company, has purchased the last remaining beachfront land plot on the Crescent of the world-famous, award-winning Palm Jumeirah, marking the fast-growing developer’s first project outside Sharjah and its entry into the Dubai property market. Valued at AED240 million, the plot has been bought from Nakheel, the master developer behind Palm Jumeirah. Located ...

  Bloomberg European natural gas prices fell, tracking Asian contracts lower, while Russia offered little clarity on volumes it plans to send to the continent next month. Gas giant Gazprom PJSC again opted not to book any extra pipeline space to ship the fuel westward through Ukraine during a monthly auction on Monday. In addition, Russia didn’t book any capacity ...

  Bloomberg Power prices for Monday evening in the UK surged to the highest in a month as supplies are poised to drop with very little wind forecast. The contract for the hour through 6 p.m. London time jumped to $1,589 a megawatt-hour, the highest since December 16 on the N2EX exchange. At the same time, wind output is forecast ...

  GlaxoSmithKline Plc is right to snub Unilever Plc’s 50 billion-pound ($68 billion) proposal to buy the UK drugmaker’s consumer healthcare arm. Unilever’s offer may be in the ballpark, but the consumer-goods giant can justify stretching further — and could easily be forced to. The asset is a unique business with scale and strong brands, including Panadol painkillers and Sensodyne ...

Over the years, as social media companies gorged themselves on the data of billions of people to fuel vast profits, the information flow never went the other way. Now the tables are turning. One of the most promising pieces of legislation in Congress tackling tech giants’ undue influence, out of reportedly 30 or so bills, would force such firms to ...

  Lithuania is a small country with a big problem. After a series of perceived slights, China has brought its massive economic leverage to bear on the tiny Baltic state. Pressure increased dramatically in recent weeks after Taiwanese officials opened a de facto embassy in the Lithuanian capital using the island’s name. (The many other such offices around the world, ...