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

  AP Energy-efficient upgrades can not only shrink your utility bill; they can increase the value of your home. Homebuyers are becoming increasingly aware of the benefits of energy-efficient homes. In fact, they’re often willing to pay more for homes with “green” upgrades, says Sandra Adomatis, a specialist in green valuation with Adomatis Appraisal Service in Punta Gorda, Florida. Just ...

  DPA Mohammed Taha says he has the only “green mosque” in the whole of Egypt, and he looks around the flowerbeds where he grows spinach and Italian basil. Behind the caretaker with a prayer bump on his forehead, a yellow minaret rises up into the evening sky above Cairo. Taha’s rooftop garden in this place of worship is the ...

  ABU DHABI / WAM The Barakah One Company, a subsidiary of the Emirates Nuclear Energy Corporation (ENEC), and the Korea Electric Power Corporation (KEPCO) announced on Tuesday the signature of a Power Purchase Agreement (PPA) for the purchase of electricity generated at the Barakah Nuclear Energy Plant with the Abu Dhabi Water and Electricity Company (ADWEC). The agreement was ...

  DUBAI/ WAM Ways of strengthening bilateral economic, investment and trade relations between the UAE and Qatar were at the centre of talks held on Tuesday by UAE Minister of Economy Sultan bin Saeed Al Mansouri and Ambassador of Qatar to the UAE Hadi bin Nasser Al Hajeri. The talks covered diversifying investment opportunities in the tourism, logistics and IT ...

  SHARJAH / WAM The Sheikh Zayed Housing Programme on Tuesday approved AED390 million in housing loans and grants for 629 eligible Emiratis, Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Public Works and chairman of the board of directors of the national housing scheme announced on Tuesday. The amount covers 518 residential housing grants and 111 housing loans, ...

  DUBAI / WAM Reem Al Hashimy, Minister of State for International Cooperation and Director-General for the Dubai Expo 2020 Bureau, met Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), at the Head Office of DEWA, to look at how DEWA can help Expo with its expertise and world-class services. During the meeting, ...

  Dubai / WAM Dubai’s two international airports are set for a capacity-boosting, capex-fueled expansion that will enable them to serve up to 146 million passengers by 2025, due in large part to a proposed initial US$ 3bn financing transaction announced on Tuesday by the government of Dubai. Already, Dubai International Airport (DXB) is the world’s largest international airport at ...

  Dubai / Emirates Business Dubai World Trade Centre’s (DWTC) November calendar of events is poised to attract more than 250,000 visitors out of which more than 50 percent are expected to be international visitors and exhibitors. The diverse line-up of over 20 events, including Gulfood Manufacturing – the region’s largest food and beverage processing industry event – promises broad-ranging ...

  Dubai / Emirates Business TECOM Group, a member of Dubai Holding, through a one-of-its-kind partnership with Dubai Creative Clusters Authority (DCCA), announced the opening of an ‘axs’ smart services centre. The fully-integrated services centre will act as the nucleas of a new customer engagement model intended to make it easier to do business for 4,600 business partners across nine ...

  DUBAI / Emirates Business Noor Bank announced on Tuesday that it won Citi’s ‘Straight Through Processing (STP) Excellence Award’ for the fourth successive year. The award recognises Noor Bank’s exceptional service towards customers’ international payment transfers during 2015. STP implies that payments sent by Noor Bank to Citi for clearing were processed automatically without human involvement. Noor Bank was ...