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

SHARJAH / WAM Ali Mehd Al Suwaidi, Chairman of the Sharjah Consultative Council (SCC) has hailed the organisation of elections to the advisory body as a farsighted step by HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to ensure transparency and communication between the Council and the community. Al Suwaidi stressed that the ...

BLOOMBERG South African fuel and chemical maker Sasol Ltd took a 35 billion-rand ($1.9 billion) writedown on a facility at the heart of its operations and warned of regulatory uncertainty in the country as greenhouse-gas emissions rose. The “significant impairment” on the Secunda liquid fuels plant is reflective of Sasol’s reassessment of costs and the “need to remain realistic and ...

BLOOMBERG European natural gas prices plunged as traders gauged the state of crucial negotiations to avoid strikes at Australia’s biggest export facility for the fuel. Benchmark futures fluctuated wildly — briefly plummeting as much as 18% before paring the loss — after the contract settled at its highest level since April. The sharp moves highlight extreme nervousness in the market ...

DUBAI / WAM Dubai Customs has launched “Cooling Hearts” initiative, which involves providing cold water, juices, and fruits to the labour workforce in Dubai, in collaboration with the Permanent Committee for Labour Affairs (PCLA) in Dubai and the “Taqdeer Award”. Over the course of three months, the campaign aims to distribute a total of 10,000 packages. Volunteers from Dubai Customs ...

  ABU DHABI / WAM PureHealth, the largest healthcare platform in the Middle East, has celebrated a remarkable achievement with the completion of more than 500 successful kidney transplants. This significant milestone was reached under the Kidney Transplant Programme, a partnership between the Sheikh Khalifa Medical City (SKMC) and Seha Kidney Care (SKC), both assets of PureHealth. The accomplishment exemplifies ...

DUBAI / WAM Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the GCC was the top export and re-export market destination for its members globally during the first half of 2023. Saudi Arabia was named the top destination for members’ exports, with the total value recording year-over-year growth of ...

DUBAI / WAM The Mohammed bin Rashid Space Centre (MBRSC) shared a glimpse into astronaut Sultan AlNeyadi’s contribution to the Cardiobreath experiment on the International Space Station (ISS). The experiment is a critical analysis of the impact of microgravity on cardiovascular and respiratory functions and was conducted in collaboration with the Canadian Space Agency (CSA), Simon Fraser University and The ...

ABU DHABI / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and President of the Board of Trustees of Abu Dhabi University (ADU), has granted 20 scholarships to the top school graduates in recognition of their outstanding academic performance. The scholarship awardees can enrol at ADU at the start of the 2023/24 academic year ...

SHARJAH / WAM Her Highness Sheikha Jawaher bint Mohamed Al Qasimi, Wife of His Highness the Ruler of Sharjah, and Chairperson of Sharjah Women’s Sports, has underscored that the achievements of Emirati women across local and global sporting arenas during 2022-23 reflects the dedication of athletes when backed by a clear vision and a winning strategy. The Sharjah Women’s Sports ...

BLOOMBERG Shares of Chinese companies listed in Hong Kong are trading at a growing discount to their mainland peers, according to the AH Premium Index, which tracks the price difference between the largest shares listed in both markets. The gauge has reached its highest since November, when the government’s revamp of its Covid policy helped extend a massive reopening rally. ...