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 Abu Dhabi Islamic Bank (ADIB) has announced it received two major awards at this year’s Business Continuity Institute (BCI) Middle East Awards ceremony. The Business Continuity Institute Middle East Awards aims to identify institutions that have outstanding business continuity, risk and resilience practices. ADIB has been recognised for the “Most Effective Recovery” and having the best ...

ABU DHABI / WAM Etisalat Group announced the appointment of Masood M. Sharif Mahmood as Chief Executive Officer (CEO) for Etisalat UAE operations. Reporting to Etisalat Group CEO, this new position is part of Etisalat group’s ongoing and agile transformation strategy that targets diversifying and exploring new growth opportunities, accelerating business development in the digital field, expanding geographical presence and ...

Sharjah / WAM More than 750 individual and company start-ups from around the world have joined the Sharjah Advanced Industry Accelerator 2.0 (SAIA), organised by the Sharjah Research Technology and Innovation Park (SRTI Park). The second edition of the accelerator programme is in line with Industry 4.0 and the UAE’s industrial strategy “Operation 300bn”, a 10-year comprehensive policy to empower ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) received 24 local, regional, and international awards in the first half of 2021 following the work approach of the Government of Dubai. Dewa’s Jebel Ali Power Generation and Water Production Complex has been confirmed by Guinness World Records as the largest single-site natural gas power generation facility in the world. ...

Dubai / WAM The total number of hybrid/electric taxis and limousines in Dubai amounted to 4,683 in 2020, Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), revealed. Of these, 4,510 are hybrid taxis (about 50 percent of Dubai Taxi fleet), and 173 others are electric/hybrid limos of the Dubai ...

DUBAI / WAM The Dubai World Trade Centre (DWTC) has played a major role in diversifying Dubai’s economy and has worked to create a broader economic impact, cementing Dubai’s position as a global centre for trade and business tourism. The centre, which was established in 1979, introduces the region to international exhibitions and conferences industry and has become the vibrant ...

As the Taliban entered the Afghan capital of Kabul, university lecturers gathered their female students for some final goodbyes. Telling the shocked young women “we may not meet again,” the lecturers, along with everyone else, were evacuated, and the universities, along with schools, offices and shops, were shuttered. I spoke by phone with Aisha Khurram, one of those students whose ...

Ours is a populist age, dominated not only by the anti-elitist posturing of Donald Trump and the Republican Party but also by a resurgent left that views “billionaire” as a dirty word. Many of our most profound problems, however, originate not in the pathologies of a narrow ruling class but among the broad mass of humanity. A powerful reminder came ...

Last month, Atlas Crest Investment Corp, a blank-check firm created by investment banker Ken Moelis, spectacularly lopped $1 billion off the enterprise value off its $2.7 billion deal with flying taxi company Archer Aviation. Several factors contributed to this reset, including an intellectual property dispute with a rival and the fact Archer has yet to finish developing a fully operational ...

The UK government is calling on the nation’s pension funds to participate in an “investment big bang” by allocating more capital to domestic and long-term illiquid investments. It’s a proposal that’s short on detail and fraught with difficulties, and one that pension fund trustees should treat with an abundance of caution. Prime Minister Boris Johnson and Chancellor of the Exchequer ...