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 circular economy model that meshes economic gains with a sustainability ethos is the buzzword for Dubai Electricity and Water Authority (Dewa) even as it keeps pace with burgeoning demand for new infrastructure and services. At the heart of the utility major’s growth strategy is a vision to transform into a globally leading sustainable innovative corporation committed ...

DUBAI / WAM Dubai has retained its leading position in the Mena region on Kearney’s Global Cities Index, ranking 23rd globally and claiming a spot in the top 25 for the third consecutive year. According to the report, prominent emerging hubs around the world, particularly in the Middle East, have seen incredible gains in their global city performance amid a ...

BLOOMBERG JPMorgan Chase & Co Chief Executive Officer Jamie Dimon plans to sell shares currently worth about $141 million, the first such transaction since he took the helm at the Wall Street giant almost 18 years ago. Starting next year, Dimon and his family will dispose of 1 million of the lender’s shares for financial diversification and tax-planning purposes, according ...

BLOOMBERG Industrial & Commercial Bank of China (ICBC), the world’s largest lender by assets, reported profit grew just 0.03% in the third quarter as it was directed to dole out cheap loans to help shore up the struggling economy. The other big banks posted mixed results. Agricultural Bank of China Ltd said profit rose 7.76% in the period, while Bank ...

DUBAI/ GULF TIME Tata Group’s fine jewellery brand Mia by Tanishq has opened its first international store in Dubai, adding to its footprint of 120+ stores across India. Conveniently located in the heart of the city at BurJuman, the flagship boutique will house a stunning collection of trendy, popular and contemporary designs uniquely crafted in gold, diamond and coloured stones ...

DUBAI/ GULF TIME Danube Properties announced it is allocating real estate units at a value of AED 25 million in support of charity and humanitarian programs carried out by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI). Danube pledged to allocate real estate units over the next five years to support programs launched by MBRGI, the largest foundation of its ...

RAS AL KHAIMAH/ WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, attended the opening ceremony of the 2023 Minifootball World Cup on Ras Al Khaimah’s Al Marjan Island, where he praised the power of sport in uniting peoples and fostering cultural exchange. “Sport transcends borders and languages, uniting people from all ...

ABU DHABI/ WAM The latest Majlis Mohamed bin Zayed lecture, which was attended by H.H. Sheikh Khalid bin Zayed Al Nahyan, Chairman of the Zayed Higher Organisation for People of Determination, explored how nature can provide inspiration to help humankind move to a new level in sustainability. Titled ‘A Sustainable Future Inspired by Nature’, the lecture was presented by renowned architect ...

ABU DHABI/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has met with Barbara Leaf, United States Assistant Secretary for Near Eastern Affairs, at a meeting in Abu Dhabi. During the meeting, Sheikh Abdullah and Leaf discussed the current situation in the Middle East, the efforts of civil society in protecting civilians from the repercussions of ...

ABU DHABI/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has received Minister Hadja Lahbib, Minister of Foreign Affairs, European Affairs and Foreign Trade and the Federal Cultural Institutions of the Kingdom of Belgium. The meeting, which was held in Abu Dhabi, touched on the latest developments in the Middle East region and efforts to end ...