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) said it has recorded a remarkable growth in the number of customers from different parts of Dubai to obtain company’s high-quality environmentally-friendly district cooling services. During the first nine months of this year, Empower has witnessed a growth of 49% in the number of new registered individuals and companies, compared to ...

ABU DHABI / WAM The Federal Competitiveness and Statistics Centre (FCSC) announced that the UAE was ranked first in nine international competitiveness indexes related to the progress achieved for Goal 5 of the Sustainable Development Goals 2021, which is gender balance. The UAE is continuing its rapid progress in the United Nations Development Programme Gender Inequality Index, rising eight places ...

ABU DHABI / WAM In celebration of the UAE’s Golden Jubilee, His Highness Sheikh Abdulla bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has launched Mubadala’s television commercial (TVC) titled 50 Years of Progress taking viewers on a journey through the nation’s remarkable story. Produced as an ode to the nation, the TVC highlights important themes that ...

Dubai / WAM The Pearl Initiative, the leading Gulf non-profit organisation promoting a corporate culture of accountability and transparency, hosted 37 CEOs of leading regional and international corporations along with UAE ministers at Expo2020 Dubai for its annual CEO Council meeting to discuss the increasingly important role of the private sector in realising national policy agendas. The distinguished gathering of ...

Dubai / WAM The UAE has won the bid to host the 27th International Council of Museums (ICOM) General Conference 2025 in Dubai under the theme ‘The Future of Museums in Rapidly Changing Communities’. The new global achievement is set to further strengthen the UAE’s leading position as the capital of creativity and innovation across various fields. The result of ...

Sharjah / WAM Sharjah Investment and Development Authority (Shurooq) has announced that the House of Wisdom has received three awards for excellence in design at the seventh annual identity Design Awards held at the Address Beach Resort in Dubai. Developed by Shurooq and designed by international architecture firm Foster and Partners, the House of Wisdom won the coveted 2021 Design ...

Dubai / WAM A report by the Business Registration and Licensing sector at Dubai’s Department of Economy and Tourism revealed that 55,194 new business licences were issued during the first 10 months of 2021, a growth of 69% compared to the same period in 2020, when 32,626 licenses were issued. The positive growth figures underline Dubai’s reputation in providing high-growth ...

Sharjah / WAM The fifth edition of the Sharjah Entrepreneurship Festival (SEF), one of the largest events for entrepreneurs in the region, organised by the Sharjah Entrepreneurship Centre (Sheraa), kicks off on Monday, at Expo Centre Sharjah under the slogan #WhereStarsCollide. With the participation of 55 speakers, including influential regional and global entrepreneurs, industry titans, and young creatives from social, ...

Bloomberg The cost of pollution in the European Union (EU) rose to new highs after a report by the bloc’s market watchdog dismissed concerns by some governments over abuse and the role of speculative investors in emissions trading. Benchmark carbon permits rose as much as 1% percent to a record 69.77 euros a ton on ICE Endex, extending gains to ...

India’s Prime Minister Narendra Modi isn’t used to backing down. So his move to repeal three contentious laws that have drawn tens of thousands of farmers to protest at the borders of the capital for over a year is significant. It’s easily the most serious political setback of his seven years in power. Almost half of India’s 1.4 billion people ...