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

Dubai / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (Dewa) received a high-level delegation from the Brunei Ministry of Energy, Manpower, and Industry (MEMI) at the Dewa’s Sustainable Building in Al Quoz. The two sides discussed ways to work together and exchange experiences and practices to enhance Dubai’s position as a global ...

Dubai / WAM Noor Bank has announced that it entered into a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai International Financial Centre (DIFC) domiciliation. Azimut (DIFC) Limited is an asset management company regulated by the Dubai Financial Services Authority (DFSA) and a full subsidiary of ...

Abu Dhabi / WAM Emirates Post, in cooperation with Mohammed bin Rashid Space Centre,MBRSC, celebrates the KhalifaSat with a commemorative stamp, which showcases the image of the satellite’s launch into outer space over the UAE. KhalifaSat is the first-ever Arab satellite engineered from scratch by a 100% Emirati engineering team, marking one of the greatest milestones for the UAE. KhalifaSat ...

ABU DHABI / WAM Al Ain Municipality, and Abu Dhabi General Services Company, Musanada, have begun the construction of seven new parks and three sand playgrounds across four regions in Al Ain, namely Sweihan, Nahel, Al Shwaib and Al Faqa. The work, expected to be completed by October, spans an area of 12,100 square metres at a cost of approximately ...

ABU DHABI / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority-Land and Maritime (FTA) highlighted the keenness of the UAE Government to provide incentives and adopt appropriate laws to encourage the growth of the country’s maritime sector, and keep pace with the country’s future goals. In his statement to ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) launched several health projects in Pakistan, as part of its development initiatives for the ‘Year of Tolerance’. The projects include the restoration of the Kidney Treatment Centre in Khyber Teaching Hospital in Peshawar, which received ten kidney dialysis machines and other medical equipment, and the Institute of Kidney Diseases Hayatabad Peshawar, ...

SHARJAH / WAM Pearl Initiative held a stakeholders’ meeting, in collaboration with Nama Women Advancement, to discuss data for research currently being undertaken within the Pearl Initiative’s Diversity in Business Leadership programme. The research includes an online survey that will be used to build a report entitled, “Women in the Economy: The Gulf Region Outlook”, to be published in December ...

AJMAN / WAM Ajman Tourism Development Department (ATDD) and Umm Al Qaiwain Tourism and Archaeology Department have signed a Memorandum of Understanding (MoU) to support tourism research. The MoU aims to promote coordination and cooperation on tourism projects and initiatives in the interest of exchanging experiences and applying best practices. It also aims to promote cooperation in terms of joint ...

MOSCOW / WAM Dubai Customs has explored means to enhance cooperation with Saudi Arabia during a meeting between Director-General of the department Ahmed Mahboob Musabih and Abdul Hadi Mohammed Al-Shafi, the Saudi Consul-General in Dubai. The two discussed means of boosting cooperation between Saudi Arabia and Dubai especially in bilateral trade and customs business. “It’s very important for us to ...

ABU DHABI / Emirates Business ADCorp Ltd, the ADGM-based Islamic financial institution, has announced a new partnership with Sands Capital Management LLC, a leading independent investment manager based in the US. The partnership will see the two institutions working together to offer Shariah-compliant portfolios and funds, with Sands Capital acting as an advisor on exclusive products for ADCorp’s clients. The ...