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

DUBAI / WAM The Enoc Group has won the prestigious “Sword of Honour” award from the British Safety Council. The Enoc Group received the accolade for excellence in managing health and safety risks at work, making it one in 66 organisations worldwide to have achieved this prestigious recognition. The Group has been recognised for its efforts towards ensuring health and ...

Bloomberg Iraq plans to cut oil output in January and February to make up for breaching its Opec+ quota last year, according to the state company that markets the nation’s crude. Opec’s second-biggest producer will pump around 3.6 million barrels daily for the two months, according to Ali Nizar, the deputy head of SOMO. That compares with around 3.85 million ...

Abu Dhabi / WAM Shuaa Capital on Sunday announced the first dividend for investors in two of its Sharia-compliant funds, offering a 1 percent cash dividend for the fourth quarter of 2020. The dividend is first dividend from the funds and within three months of their launch and translates to a 6.4 percent dividend yield for the investors. The Nujoom ...

ABU DHABI / WAM The World Muslim Communities Council has commended the pioneering step through which the United Nations General Assembly adopted, unanimously, the project presented by Saudi Arabia, Egypt and Morocco, and supported by many brotherly and friendly countries, to promote a culture of peace and tolerance to protect religious sites. The Council expressed its pride and deep appreciation ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, stated that 2020 was an exceptional year full of national achievements in all sectors worthy of pride, noting that he is proud of the government’s successes, despite the challenges caused by the coronavirus pandemic. He was also optimistic that 2021 ...

ABU DHABI / WAM The National Central Cooling Company (Tabreed) has announced the signing of an agreement with twofour54 to cool its new headquarters Yas Creative Hub in Yas Bay, which it is set to open later this year. Tabreed will connect the new campus development to its existing Yas Island district cooling scheme and will deliver a cooling capacity ...

Abu Dhabi / Emirates Business National Takaful Company (Watania) announces the successful certification of ISO 10004:2018 for “Monitoring and Measuring Customer Satisfaction”, which is an international standard for best practices concerned with customer satisfaction and happiness. Watania is one of the leading companies to obtain this certificate in UAE, which highlights Watania’s commitment to customers and business partners. The company ...

Abu Dhabi / WAM The Ministry of Climate Change and Environment (MoCCAE) participated in annual Abu Dhabi Sustainability Week (ADSW). During the event, Dr. Abdullah Belhaif Al Nuaimi, Minister of Climate Change and Environment, spoke at high-level discussions with local, regional and global stakeholders, and launched new initiatives and policies to boost the UAE’s sustainability agenda. Al Nuaimi highlighted the ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) continues to develop world-class infrastructure, supported by assets that exceed AED182 billion owned by Dewa and its subsidiaries, and around AED86 billion of investments in the energy and water sectors over five years. This helps Dewa enhance its production capacity to meet the growing demand and provide its services to more ...

ABU DHABI / WAM The central bank of the UAE (CBUAE) announced it conducted the first-of-its-kind cyberattack simulation exercise that is designed to test the resilience of the UAE’s banking sector against any potential cyber threats. The exercise affirms CBUAE’s preparedness to prevent or mitigate cyber threats that may cause disruptions to the UAE’s economy and financial stability. The exercise ...