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 Ministry of Energy and Infrastructure (MoEI) and the Environment Agency – Abu Dhabi (EAD) announced the launch of the first hydrogeological map and geo-database of the UAE, a milestone achievement in documenting and managing water sources with the goal of sustaining and conserving water. The hydrogeological maps generated include all hydrogeological data, such as groundwater well locations, ...

BLOOMBERG Societe Generale SA is reviving a potential sale of its private UK bank Kleinwort Hambros, according to people familiar with the matter, a move that would allow the French lender to free up capital. The French bank is working with advisers to explore interest in the unit, said the people, who asked not to be identified discussing private matters. ...

BLOOMBERG Europe’s top banking watchdog will become more powerful as European Union (EU) lawmakers expand its remit to include risks linked to climate change and the rise of digital assets. As sweeping update of regulation detailed this week mandates the European Central Bank to monitor how lenders plan to transition to a net-zero carbon economy over the next three decades. ...

DUBAI/ GULF TIME Aster DM Healthcare, a leading integrated healthcare provider in GCC and India, has released its annual ESG Report, demonstrating an unwavering commitment to environmental sustainability, ambitious targets, and a proven record of positive impact. The company aligns its ESG practice with 10 key United Nations Sustainable Development Goals (UNSDGs), emphasizing its dedication to global objectives. In pursuit ...

DUBAI/ GULF TIME The Middle East and North Africa (MENA) out of home dining (OOHD) is projected to reach US$81.82 billion by 2028. The market value is expected to grow at a CAGR of 10.66% during the forecast period of 2023-2028, with full-service restaurants (FSR) and casual dining segment being the dominant segment owing to rising consumer’s disposable income. Research ...

DUBAI/ GULF TIME VA Properties and RSG Group of Companies announced its strategic partnership for the grand launch of Fairmont Dubai Skyline Residences. This luxurious residential project will be situated in Al Sufouh area and will redefine opulence with its 121 fully furnished residences, including 2–3-bedroom apartments, an elegant half floor Sky Mansion, and a luxurious Sky Palace occupying an ...

DUBAI / WAM ne’ma, the UAE national food loss and waste initiative, in line with the 28th UN Climate Change Conference (COP28) agenda, revealed groundbreaking results during the “National Action at Scale for Reducing Food Waste in the Hospitality Sector” panel announcement at Expo City Pavilion, Green Zone, COP28. This world-first private-public partnership presented transformative outcomes of its hospitality sector ...

DUBAI / WAM The Pavilion of Chile at COP28 is presenting effective initiatives and solutions that are making a significant contribution to addressing the effects of climate change. The conference is an important platform for raising awareness and promoting initiatives to protect the planet. The 140-square-metre space pavilion — located in the Blue Zone — provides an ideal environment for ...

DUBAI / WAM The United Arab Emirates has established a high-ambition approach during its hosting of the 28th Conference of the Parties (COP28), seeking to include everyone, and focusing on finding effective solutions to climate change. The country has succeeded in bringing the world together and mobilising efforts at this prominent global event, based on the belief that climate change ...

DUBAI / WAM Marking a historic milestone in acknowledging the role of culture in combating and adapting to climate change, high-level delegates from around the globe convened at the 28th UN Climate Change Conference (COP28) in Dubai. The Group of Friends of Culture-Based Climate Action (GFCBCA) at the United Nations Framework Convention on Climate Change (UNFCCC) was officially announced by ...