DUBAI/ GULF TIME Union Insurance Company, one of the leading providers of innovative customer-focused insurance solutions to individuals and organisations in the UAE, on Thursday announced its financial results for the first quarter ending March 31, 2026. The period was marked by a steady increase in core insurance business and a notable improvement in technical margins and investment performance, …

SHARJAH / WAM Arada has signed its first sustainability-linked financing, a $100 million facility that has been agreed with First Abu Dhabi Bank and guaranteed by Italy’s export credit agency SACE. The financing agreement has been structured to align with Arada’s internal targets to achieve local impact and underscores the master developer’s commitment to pursuing green investment and sustainable construction …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a delegation from EDGE Group, the UAE-based advanced technology and defence solutions company. His Highness expressed his appreciation for the efforts of the group’s leadership, praising EDGE’s advanced technological solutions and successful international partnerships, which contribute to strengthening the UAE’s position as a global hub …

UMM AL QUWAIN / WAM “Mint Gateway” and “Alternative Venture Capital”, a subsidiary of Abu Dhabi Capital Group, have announced receiving in-principle approval from the Central Bank of the UAE (CBUAE) to establish “Omla Community Bank”, which will be headquartered in the Emirate of Umm Al Quwain, with operational plans covering all emirates of the UAE. Speaking on behalf of …

ABU DHABI / WAM EMSTEEL on Wednesday reported first-quarter revenue of AED2.2 billion, remaining broadly in line with the corresponding period in the prior year. EMSTEEL reported EBITDA of AED483 million for Q1 2026, representing an 82 percent year-on-year (YoY) increase. EBITDA margin expanded to 22.3 percent, compared to 12.3 percent in Q1 2025. The improvement was driven by a …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman. Their Highnesses exchanged greetings and cordial conversations with fellow Sheikhs and guests at the majlis, and discussed a number of national issues concerning the country and its people, praying for the UAE’s continued …

SHARJAH / WAM Sharjah’s real estate sector recorded transactions worth AED3.5 billion in April 2026, through 15,669 transactions across the emirate, according to data issued by the Sharjah Real Estate Registration Department. The total traded area in sales transactions reached approximately 13 million square feet, reflecting the stability of Sharjah’s real estate market. The real estate sector in Sharjah is …

ABU DHABI / WAM The UAE Cyber Security Council (CSC), in collaboration with its national strategic cybersecurity partner CPX Holding, announced the launch of the ‘UAE Cyber Factory’ to strengthen the nation’s digital leadership and reinforce its cyber sovereignty. As cyber threats continue to evolve in scale and complexity, the initiative is set to enhance the country’s ability to anticipate, …

ABU DHABI / WAM Mubadala Investment Company on Tuesday announced a US$325 million investment in Ørsted’s Hornsea 3, which, once completed, will be the world’s single largest offshore wind farm, located off the Norfolk coast in the United Kingdom. Mubadala is investing alongside a consortium led by Apollo-managed funds, which includes USS and La Caisse. The investment follows Apollo Funds’ …

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in the presence of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, reviewed the progress of the new UAE government framework project, …