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

ABU DHABI / WAM Burjeel Holdings has announced that its flagship Burjeel Medical City was selected for membership in the Worldwide Innovative Networking in Personalised Cancer Medicine (WIN) Consortium. This achievement marks another significant milestone for the healthcare provider as it continues to expand its network and expertise in the field of oncology and further strengthen its position as a ...

ABU DHABI / WAM In a strong show of support for local companies in the manufacturing sector, Emirates Development Bank (“EDB” or “the Bank”), the financial engine for UAE economic development and industrial advancement, today unveiled a comprehensive set of approvals for financing deals totaling AED424 million. The announcement was made at the ‘Make it in the Emirates’ Forum, held ...

DUBAI / WAM His Highness Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, has inaugurated the Civil Defence Reading Room at the General Directorate of Civil Defence in Dubai. This pioneering facility, leveraging artificial intelligence (AI) concepts and programmes, stands as the first of its kind in the region. The event was ...

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) alongside Engie, a global leader in low-carbon energy solutions, and Ewec (Emirates Water and Electricity Company), announced the successful financial closing of the AED2.3 billion ($620 million) low carbon Mirfa 2 Reverse Osmosis (M2 RO) desalination project. The project is primarily funded (78%) through debt financing from both local and ...

AJMAN / WAM HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, received on Wednesday at the Ruler’s Court, Babacar Matar Ndiaye, ambassador of Senegal to the UAE, to discuss bilateral cooperation. The meeting touched upon ways of strengthening UAE-Senegal ties in various areas for the benefit of the two friendly peoples. The ambassador commended the UAE’s general development ...

ABU DHABI / GULF TIME Q Holding Group signed two important agreements with Trojan General Contracting, one of the leading local contracting and development companies, to design and build 1,742 villas for Emiratis in Al Samha and West Baniyas region of Abu Dhabi for Q Holding. The agreements follow the partnership between Q Holding and Abu Dhabi Housing Authority to ...

BLOOMBERG Ford Motor Co struck a deal with rival Tesla Inc to give its electric-vehicle (EV) customers access to the Tesla Supercharger network, a move towards a single industry standard to simplify recharging. The Ford F-150 Lightning, Mustang Mach-E and E-Transit vehicles will be able to power up on 12,000 Superchargers across North America starting next year, using an adapter. Ford’s ...

BLOOMBERG It’s not just Brexit that’s dried up the flow of European Union (EU) workers the UK used to depend on. From Poland to Portugal, EU economies are generating more jobs and better wages than Britain. For the UK, that means that arrivals from the EU of just over 150,000 in 2022 were about half the level seen in 2019, ...

BLOOMBERG The European Union (EU) reached a deal with Pfizer Inc and BioNTech SE to scale back purchases of Covid-19 vaccines by about a third after some member states said they were reluctant to pay for new deliveries amid an oversupply of shots after the pandemic started to wane. The amended supply contract takes into account the improved epidemiological situation, ...

BLOOMBERG US employers are gradually dialling back the pace of hiring and hourly earnings are moderating, offering some solace to Federal Reserve policymakers in their bid to wrangle still-elevated inflation. Government data are projected to show payrolls in the world’s largest economy increased by less than 200,000 in May, down from average monthly job growth of about 370,000 over the ...