Wednesday , 13 May 2026

News

CBUAE grants in-principle approval to establish ‘Omla Community Bank’

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 …

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EMSTEEL delivers AED2.2b in revenue for first quarter 2026

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 …

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UAE President receives Crown Prince of Ajman

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 …

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PricelessMed partners with Amina Hospital to introduce 50% ER bill discount for cash patients in Ajman PricelessMed

GULF TIME The UAE-based digital healthcare savings platform, has announced a new partnership with Amina Hospital in Ajman, introducing an exclusive 50 per cent discount on emergency room (ER) bills for cash-paying patients. The agreement, formalised through a signing ceremony, marks PricelessMed’s expansion into Ajman, extending its footprint beyond Dubai and Sharjah. The collaboration also covers the wider Amina Healthcare …

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Abdullah bin Zayed holds phone call with Kuwaiti Foreign Minister

ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, held a telephone call with Sheikh Jarrah Jaber Al-Ahmad Al-Sabah, Minister of Foreign Affairs of Kuwait. During the call, H.H. Sheikh Abdullah and Sheikh Jarrah discussed the latest regional developments and strongly condemned the infiltration by members of the Islamic Revolutionary …

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Intelligent Investment Holding and IIH TOP 300 AI Research and Innovation Lab Announce the AI Educational Mirror: A Sovereign, Executable Digital Twin for Public and Private Education Institutions

ABU DHABI / GULF TIME Intelligent Investment Holding and its strategic partners today announced a landmark national initiative: the AI Educational Mirror. Developed by the IIH TOP 300 AI Research and Innovation Lab, this UAE-born platform establishes a new category of sovereign AI-powered educational intelligence for public and private education institutions – from schools and universities to ministries, operators, and …

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Sharjah Children’s Platform kicks off its third season

SHARJAH / WAM Sharjah Children, an affiliate of Rubu’ Qarn for Creating Future Leaders and Innovators, is preparing to launch the third season of its podcast, Sharjah Children’s Platform, a child-led initiative designed to strengthen children’s media presence and provide a space for them to express their ideas and discuss issues related to their daily lives. Launched in 2024, the …

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ADNOC Gas reports resilient Q1 net income of $1.1 billion

ABU DHABI/WAM ADNOC Gas plc and its subsidiaries have reported a net income of $1.1 billion for Q1 2026, highlighting strong operational performance and robust financial health. The Company successfully fulfilled domestic customer requirements while efficiently managing logistics, inventories, and supply chains to mitigate the impact of ongoing export disruptions. Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said, …

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