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

DUBAI / WAM Statistics released by Dubai Customs have revealed that Dubai’s external trade in coffee generated AED3.5 billion in the last ten years. Dubai acts as a central logistic hub linking markets in the Middle East and Europe with coffee manufacturing countries such as Ethiopia, India, Indonesia, Uganda, and Vietnam. The statistics are released to coincide with International Coffee ...

Dubai / WAM Emirates Airlines has announced it introduced self check-in and bag drop kiosks for a more seamless airport experience at Terminal 3, Dubai International Airport. According to Emirates, the service is now available to customers travelling to all destinations except to the US, Canada, China, India and Hong Kong due to additional requirements from these destinations. The 16 ...

Abu Dhabi / WAM Adnoc Distribution announced the approval of an interim dividend payment to its shareholders for the first six months of 2020 of AED1.285 billion (10.285 fils per share), equivalent to $350 million. This is the first payment in what is expected to be a full-year 2020 dividend payment of AED2.57 billion (AED20.57 fils per share), reflecting a ...

Abu Dhabi / WAM The UAE has condemned an attempt by a terrorist cell linked to Iran’s Revolutionary Guard who wanted to launch sabotage operations in the Kingdom of Saudi Arabia. In a statement, the Ministry of Foreign Affairs and International Cooperation hailed the “vigilance, sophistication and efficiency” of the security apparatus in Saudi Arabia and its response to these ...

Dubai / WAM Drydocks World held a steel-cutting ceremony to mark the start of production on Jotun FPSO Fabrication of Turntable Project for Bluewater Energy Services B.V. for end client, Var Energi. According to Drydocks, this Turntable is part of a Turret Mooring System for the Jotun A Floating, Production, Storage and Offloading vessel to be permanently moored and operated ...

Abu Dhabi / WAM The Sheikh Zayed Book Award announced that it has so far received 1,616 submissions for its 15th edition since the call for submissions commenced on June 1 this year. The ‘Young Author’ category has seen the highest number of submissions, with a rate of 29.34 percent, while ‘Literature’ has received 27.02 percent of the submissions. Submissions ...

ABU DHABI / WAM Spending on six sectors listed in the General Consumer Price Index (CPI) which aims to track consumer price movements in the UAE, witnessed a surge in August 2020 compared to July 2020, according to recent statistics issued by the Federal Competitiveness and Statistics Authority (FCSA). During the same reporting period, spending on six other sectors included ...

Dubai / WAM Emirates Airlines has announced it introduced self check-in and bag drop kiosks for a more seamless airport experience at Terminal 3, Dubai International Airport. According to Emirates, the service is now available to customers travelling to all destinations except to the US, Canada, China, India and Hong Kong due to additional requirements from these destinations. The 16 ...

Dubai / WAM Enoc Group has announced a record 97 million kWh in power savings since 2014, which is the equivalent of energy needed to power 8,600 houses per year, as a result of implementing a series of energy and resource management initiatives. Since 2014, the group has also recorded significant 230,000 tonnes reductions in carbon dioxide (CO2) emissions; as ...

Bloomberg Octopus Energy, the UK green power provider, bought US startup Evolve Energy as part of a $100 million push into the American market. The company hopes to attract millions of customers as it gets a foothold in the Texas market. It’s the latest step in Octopus’s plan to expand globally, driving down consumer prices with low-cost renewable power. Evolve ...