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

Dubai / WAM Dubai Electricity and Water Authority (Dewa), organised a graduation ceremony for the third batch of the Carbon Ambassadors Programme in Dubai. The programme empowers youth and involves them in sustainable development goals, and develops their skills to become effective in implementing Dubai’s strategies and growth. Partners of the programme supervised teams of delegates and a panel of ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower), launched its summer campaign, ‘24 C Cool’, which seeks to achieve significant savings in electricity consumption during the summer season. This is part of Empower’s efforts to raise awareness on the importance of adopting sustainable practices and environmentally-friendly district cooling services. The campaign includes tips and guidelines that contribute to reducing ...

DUBAI / WAM The International Institute for Tolerance part of Mohammed Bin Rashid Al Maktoum Global Initiatives, has announced the launch of the ‘World Tolerance Summit’, a two-day conference to be held at the Armani Hotel, Dubai, from November 15-16, to coincide with the International Day of Tolerance on November 16. With its theme, ‘Prospering From Pluralism: Embracing Diversity through ...

Bloomberg Big Oil’s fortunes are becoming tied more closely to natural gas than ever before. Majors including Royal Dutch Shell Plc and BP Plc have boosted their proportion of gas output in recent years, helping them trim Exxon Mobil Corp.’s lead as the world’s most valuable oil company. Meanwhile Chevron Corp. added two giant Australian liquefied natural gas projects and ...

Bloomberg Angola is targeting an increase of about 250,000 barrels a day in oil output by 2020 and is already in discussions with oil majors Exxon Mobil Corp. and Equinor ASA to achieve this, said Sonangol’s Chairman of the Board Carlos Saturnino. New energy legislation and more favourable investment terms have already spurred interest from international operators, including Chevron Corp. ...

Bloomberg The Republic of Congo expects to raise oil production by as much 65 percent this year as two new projects come on stream, Hydrocarbons Mi- nister Jean-Marc Thystere-Tchicaya said. Congo joined OPEC and plans to open up its oil industry, which the government says is dominated by Total SA and Eni SpA, to new investors. Sub-Saharan Africa’s third-biggest oil ...

Bloomberg A Mumbai train commuter who witnessed an accident earlier this month, turned to his smartphone to ask neighbors how to help a bleeding victim. Responses poured in instantaneously. Take him to the station master at the next stop; ask the ticket collector for first aid; call 138 for emergency help and so on. Not long after, the commuter posted ...

Bloomberg Meituan Dianping, the world’s fourth-most valuable startup, filed for an initial public offering in Hong Kong and revealed the scope of its losses for the first time. While the company didn’t disclose how much it was planning to raise from the stock sale, it unveiled a net loss of $2.9 billion last year on revenue of 33.9 billion yuan, ...

Bloomberg Billionaire Jack Ma has declared Bitcoin a potential bubble, reiterating his caution over the volatile crypto-currency as his Ant Financial launched blockchain-based money transfers between Hong Kong and the Philippines. The founder and chairman of Alibaba Group Holding Ltd. extolled the possibilities of the decentralised ledger on which Bitcoin is based but warned that the digital currency itself may ...

Bloomberg Farmers in Australia, the world’s biggest exporter of chickpeas, have halved their plantings after the nation’s top customer hiked tariffs to levels that rendered the trade untenable, according to an industry association. India imposed a 30 percent import tariff on chickpeas in December before increasing it to 40 percent in February and to 60 percent in March. The country ...