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

Green bonds are a fast-growing financial instrument, with annual issu- ances of less than a billion dollars a decade ago having grown to more than $170 billion last year. They’re increasingly popular as a way to fund environmentally friendly infrastr- ucture, energy efficiency and clean energy. As the market grows, an intriguing split is emerging between green bond markets: Asia ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank, on Tuesday reported an H1 2018 group net profit of AED6.1 billion, up 10 percent year-on-year; with annualised earnings per share (EPS) standing at AED1.08. Meanwhile, operating income reached AED9.8 billion in the period between January and June. Cost-to-income ratio (ex-integration costs) at 25.7 percent continues to ...

Abu Dhabi / WAM The UAE has created 16 catalysts that have helped to attract foreign direct inves- tment (FDI) according to relevant national statistics for the end of 2017. Along with its political, economic, social and security stability, the country’s geographic location, competitiveness, free-market policies, encouragement for the private sector, and attractive investment environment have enabled it to lead ...

ABU DHABI / WAM Borouge has awarded the Engineering, Procurement and Construction (EPC) contract for an additional Polypropylene Plant, PP5, to be integrated with the existing Borouge 3 complex in Ruwais and grow the polymer production capacity to almost 5 million tonnes per annum by 2021. The EPC contract has been awarded to Tecnimont SPA, a subsidiary of Italy’s Milan-based ...

Abu Dhabi / Emirates Business Etisalat Group on Tuesday announced its consolidated financial results for H1 ending on June 30, 2018. The group’s consolidated net profit for first half of 2018 amounted to AED4.3 billion, representing 6% increase year over year, while the consolidated revenues amounted to AED26.2 billion, representing 4 percent increase year over year. Essa Mohamed Al Suwaidi, ...

ABU DHABI / WAM The Department of Economic Development — Abu Dhabi and Algorythma, the UAE-based first-rate end-to-end technology service company signed an MoU with the aim of promoting joint cooperation between the two parties as well as implementing projects, initiatives and strategies related to digital transformation. The MoU was signed by Khalifa Bin Salem Al Mansouri, Under-Secretary of the ...

DUBAI / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) hosted an immersive workshop to provide hotels with a refreshing outlook of its innovative Sustainability Board Game and encourage hospitality stakeholders to enroll their properties in the Carbon Calculator, to further enhance Dubai’s position as the world’s leading sustainable tourism destination. The Board Game and Carbon Calculator ...

Dubai / Emirates Business Telr, the region’s leading online payment gateway, has announced its partnership with Creative Zone, Dubai’s largest and most trusted business setup advisory firm. The partnership creates an ecosystem for Creative Zone,’s clients to easily enter the market with a comprehensive one-stop shop for all their setup needs, from business registration to premises and now, through Telr, ...

ABU DHABI / Emirates Business Etihad Airways launched a major new partnership with the Italian fragrance brand, ACQUA DI PARMA. From August, the UAE national airline will introduce a range of exclusive amenity bags and toiletries for its customers travelling in The Residence on its Airbus A380s, and on long-haul First Class and Business Class services. The iconic brand will ...

Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR), Chairman was decorated with Japan’s Order of the Rising Sun. On April 29, the Government of Japan announced the conferment of decoration, the Order of the Rising Sun, by the Emperor of Japan on Abdulla Nasser Al Suwaidi, Chairman of FANR, in recognition of his meritorious contributions in fostering ...