DUBAI / WAM Emirates NBD’s profit more than doubles to a record AED 6 billion in the first quarter of 2023, demonstrating the success of the group’s diversified business model and a healthy regional economy. This is also a record quarter for income which exceeds AED10 billion for the first time ever. The exceptional increase in profit reflects higher margins, ...
Read More »
SHARJAH / WAM Shareholders of Dana Gas on Thursday approved the Board of Directors’ recommendation at the company’s Annual General Assembly to distribute a further 4.5 fils per share cash dividend for the second half of the financial year ended on December 31, 2022. Shareholders holding the shares as of May 4 will be eligible to receive the interim dividend. ...
Read More »
NICOSIA / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, was received by Nikos Christodoulides, President of Cyprus, during his visit to Nicosia. At the meeting, HH Sheikh Abdullah conveyed the greetings and best wishes of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Christodoulides, and congratulated him on ...
Read More »
BUENOS AIRES / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has extended an invitation to Alberto Fernández, President of the Argentine Republic, to attend COP28, which will be held in Expo City Dubai in November. Saeed Abdullah Al Qamzi, UAE ambassador to the Argentine Republic, delivered the invitation to Santiago Cafiero, Minister of Foreign Affairs, International ...
Read More »
ABU DHABI / WAM First Abu Dhabi Bank (FAB) has announced a strong start to 2023, with impressive returns resulting from their growth strategy. The group reported a net profit of AED3.9 billion in the first quarter, with key performance indicators indicating significant growth across all business segments and product lines. Operating income of the bank increased by 51% year-on-year, ...
Read More »
ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Faure Gnassingbé of the Republic of Togo on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour ...
Read More »
ABU DHABI / WAM The Sorbonne University Abu Dhabi has announced a Mangrove Planting initiative to plant 65 mangrove trees on Al Reem Island, thus contributing to the Go Green 2023 environmental goals. The move is part of the university’s Go Green 2023 initiative, which aims to raise awareness and cultivate initiatives that address climate change challenges to move towards ...
Read More »
ABU DHABI / WAM Denis Sassou Nguesso, President of the Republic of Congo, received Captain Mohamed Juma Al Shamisi, AD Ports Group Managing Director and CEO, in Congo-Brazzaville to discuss future cooperation on the development of the ‘New Mole Port’. This visit follows the signing of a Head of Terms (HoT) agreement between AD Ports Group and the Ministry of ...
Read More »
DUBAI / WAM Arabian Travel Market (ATM) 2023 is ready to welcome the global travel, tourism and hospitality community to the UAE from May 1-4. The 30th edition of the show will host over 2,000 exhibitors, representatives from more than 150 countries and an anticipated 34,000 attendees. Taking place at Dubai World Trade Centre (DWTC) in collaboration with the emirate’s ...
Read More »
ABU DHABI / WAM Hamid AlZaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter Terrorism Financing (AML/CFT), has announced that the UAE has made significant progress in combating money laundering and terrorist financing in the past year. The Financial Action Task Force (FATF) commended the country’s progress during its latest meeting. The Executive Office is working closely with ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.