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 An estimated 1.6 million tonnes of slag, a byproduct of steel manufacturing, of Emirates Steel will be processed in two years after the company signed an agreement with Finnish ECOFER Technologies. The agreement, due to take effect in 2020, will provide Emirates Steel with sustainable slag management services for the next ten years, in line with ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, underscored the vital role being played by the media in the ongoing national development and progress process. “The UAE views the media as a key partner in the inclusive development process and spares no ...

ABU DHABI / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, received Prime Minister Boubou Cisse of Mali, who is currently visiting the UAE. During the meeting held at headquarters of the Ministry of Foreign Affairs and International Cooperation (MoFAIC), in Abu Dhabi, the two sides discussed bilateral relations and opportunities to expand cooperation across multiple ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a phone call from South Korean President Moon Jae-in extending thanks and appreciation for the UAE’s efforts to release a South Korean citizen kidnapped in Libya. His Highness Sheikh Mohamed and the South ...

Dubai / WAM A roundtable in Malta has provided Dubai Islamic Economy Development Centre (DIEDC), an opportunity to expanding the footprint of Islamic economy in Europe, as well as exchanging knowledge and expertise in the Islamic finance field, and enhancing bilateral relations. The participants also discussed Malta’s potential to become a key Islamic finance hub in Europe, considering the presence of ...

Abu Dhabi / WAM The General Civil Aviation Authority (GCAA), has dismissed as fake news the rumours circulating on social media about yesterday’s plane crash in Dubai, ensuring that this news is misleading and untrue. The Authority stressed that it is the sole authenticated source of information related to aviation sector in the country. This came in a statement issued ...

GUANGZHOU / WAM Borouge announced that it will significantly increase production of pre-compounded black polyethylene for pressure pipe applications by investing in a production unit which is expected to be completed within 2020. The company’s decision to expand capacity of PE black product follows soon after China’s Water Standards Committee revised the PE water pipe standards, to promote the use ...

Abu Dhabi / WAM Dr Nadia Bastaki, the first Emirati woman to be registered as a specialist in aviation medicine, has achieved her lifelong ambition and has become involved in the UAE space programme, conducting medical tests for UAE astronauts. “In partnership with the Mohammed bin Rashid Space Centre, I have participated in conducting medical tests for the team chosen ...

Bloomberg Centrica Plc kept its full-year outlook and said the rate of customers leaving the UK’s biggest energy supplier is slowing. Shares rose the most since September. The utility still sees adjusted operating cash flow for the full year of between 1.8 billion pounds ($1.38 billion) and 2 billion pounds, it said in a trading statement. Centrica lost 234,000 energy ...

Bloomberg Xinyi Energy Holdings Ltd., a Chinese solar farm operator, raised $465 million after pricing its Hong Kong initial public offering near the bottom of a marketed range, people with knowledge of the matter said. The unit of Xinyi Solar Holdings Ltd. sold 1.88 billion shares at HK$1.94 apiece, the people said, asking not to be identified because the information ...