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 Abu Dhabi National Energy Company (Taqa) reported its first half earnings for the period ending on June 30, announcing a group revenues of AED26.8 billion, 5% higher than the prior-year period, primarily due to higher pass-through bulk supply tariffs and transmission use of system within the Transmission and Distribution segment. Taqa also announced that the net ...

ABU DHABI / WAM The UAE, represented by the Supreme Audit Institution (SAI), has participated in the 3rd Anti-Corruption Working Group (ACWG) Meeting and the Anti-Corruption Ministers Meeting of G20 that were held in Kolkata, India from August 9-12. The UAE’s participation aims to enhance the strategic role of the country in anti-corruption while taking part in the discussions for developing ...

ABU DHABI / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), congratulated some leading Grade 12 students who are orphans for their academic excellence by sending them to Saudi Arabia to perform Umrah. The ERC followed up on the implementation of Sheikh Hamdan’s directives and made ...

SHARJAH / WAM Beeah Tandeef, the waste collection and city cleaning vertical of Beeah Group, announced a monumental step towards cleaner urban environments with AI City Vision. This groundbreaking AI 360 Camera system for waste collection vehicles, the first of its kind in the region, is set to revolutionise how cities are maintained and waste is managed. A standout innovation, ...

BLOOMBERG Vestas Wind Systems A/S said it expects increased costs from a backlog of wind turbine orders to drag down full year earnings as executives avoided giving details on how the quality issues plaguing the broader wind industry would affect the Danish company. A key supplier of blades to Vestas published a profit warning last month after higher inspection and ...

BLOOMBERG Nigeria’s biggest city and commercial hub of Lagos plans to raise as much as $10 billion in private investment to boost electricity supply to nearly five million households by 2032, state governor Babajide Sanwo-Olu said. Lagos, home to about 25 million people, receives about 25% of 5,000 megawatts of national grid-connected electricity, prompting the city to depend on fragmented ...

BLOOMBERG South Africa’s government will need another two to three months to complete an energy transition implementation plan, further delaying the flow of funds from an $8.5 billion climate finance agreement with some of the world’s richest countries. More work needs to be done on how to re-skill workers from coal-dependent communities as coal-fired plants gradually close down, said Joanne ...

BLOOMBERG The Norwegian government has given Equinor ASA the green light to electrify its liquefied natural gas facility in northern Norway, a project forecast to lower emissions and lock in gas deliveries beyond 2030. “We are putting in place the policies so Hammerfest LNG can continue operating to 2040,” Prime Minister Jonas Gahr Store said at a press conference in ...

ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, discussed with Annalena Baerbock, Germany’s Federal Minister for Foreign Affairs, the friendship and comprehensive strategic partnership between their countries and ways to further develop them to drive development in the two countries. During a phone call, the top diplomats explored the prospects for expanding UAE-Germany ...

ABU DHABI / WAM PureHealth will now integrate the National Rehabilitation Center (NRC) based in Abu Dhabi into its operations. Established in Abu Dhabi in 2002, the NRC serves as the UAE’s main hub for treatment, rehabilitation, and research. In 2017, NRC was designated as a prestigious WHO Collaborative Centre for Substance Use Prevention and Treatment of Substance Use Disorders ...