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 The UAE welcomes any efforts to defuse tension in the region and looks forward to see a calm, stable, developed and forward looking Middle East in the future, said HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. Sheikh Abdullah made the remarks during a joint press conference with Heiko Maas, ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa), is organising the 21st Water, Energy, Technology, and Environment Exhibition (Wetex), which will be held from October 21-23, at the Dubai International Convention and Exhibition Centre. The exhibition is held under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dewa. For ...

Dubai / WAM Dubai FDI, the investment development agency of Dubai Economy, is set to embark on its latest investment mission to major cities in China as part of its strategic efforts to support the global infrastructure programme of the Belt and Road initiative. The agency will lead a delegation of government and business leaders to take part in the ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, and Swae, an award-winning startup based in Vancouver, have partnered to launch iFikra, an artificial intelligence-powered platform aimed at unlocking the full potential of Etihad’s workforce by enabling every employee to contribute to innovation. Designed to harness the collective creativity of the organisation, the iFikra platform is ...

Bloomberg As the world strives to wean itself off fossil fuels, oil companies have been turning to plastic as the key to their future. Now even that’s looking overly optimistic. The global crackdown on plastic trash threatens to take a big chunk out of demand growth just as oil companies sink billions into plastic and chemicals assets. Royal Dutch Shell ...

Bloomberg South Africa’s government is being sued for failing to crack down on some of the world’s worst air pollution emitted by power plants operated by Eskom Holdings SOC Ltd. and refineries owned by Sasol Ltd. The case was filed in the Pretoria High Court by groundWork, an environmental-rights organisation, and the Vukani Environmental Justice Movement in Action, according to ...

Bloomberg Russia’s strong natural gas shipments to Europe may be an attempt to test the resilience of US exporters, according to Citigroup Inc. Shipments this year from Russia have helped boost European gas storage to near full capacity and exace- rbated the regio- n’s oversupply, the bank’s analysts including Ed Morse wrote in a June 9 report. One motivation for ...

Bloomberg Some Chinese exporters are going to extreme lengths to avoid the hit from Donald Trump’s tariffs. Vietnam said that it found dozens of fake product-origin certificates and illegal transfers by companies trying to sidestep US tariffs on everything from agriculture to textiles and steel. It was one of the first times an Asian government has publicly alleged such misbehaviour ...

Bloomberg Chinese internet giant Alibaba Group Holding Ltd has picked China International Capital Corp (CICC) and Credit Suisse Group AG to lead a planned Hong Kong share sale, people familiar with the matter said. The online retailer is in discussions with other investment banks seeking a role on the offering, according to the people, who asked not to be identified ...

Bloomberg China’s rare earths shipments fell in May as prices surged on signs of possible export controls on the minerals amid the escalating trade war with the US. Exports declined to 3,640 tons last month, down 16 percent from April and an 18 percent drop from a year earlier, according to Chinese customs data. Shipments, which can be volatile month-to-month, ...