DUBAI / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of Dubai International Financial Centre (DIFC), met with global financial industry leaders on the sidelines of the inaugural Dubai FinTech Summit. The meeting was attended by heads of some of ...
Read More »
ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) and the Abu Dhabi Residents Office (Adro), part of the Abu Dhabi Department of Economic Development, have signed a memorandum of understanding (MoU), expressing a shared commitment to showcase the variety of benefits that make Abu Dhabi the destination of choice for expatriate residents. ...
Read More »
ABU DHABI / WAM The Statistics Centre — Abu Dhabi (SCAD) has released the gross domestic product (GDP) estimates report for 2022, unveiling a 9.3% growth by the end of the year, compared to 2021. The new figures position the emirate as the fastest-growing economy in the Middle East and North Africa region. During 2022, Abu Dhabi’s growth across its ...
Read More »
ABU DHABI / AD MEDIA Under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved a budget of AED85.4 billion to develop integrated residential ...
Read More »
ABU DHABI / WAM Fertiglobe, the strategic partnership between Adnoc and OCI Global, on Tuesday reported Q1 2023 revenue of $694 million, adjusted Ebitda of $297 million, adjusted net profit of $135 million, and free cash flow of $271 million. Fertiglobe delivered a 9% increase in own-produced sales volumes during the quarter. This was driven by the company’s disciplined commercial ...
Read More »
DUBAI / WAM The 22nd edition of Airport Show was opened in Dubai on Tuesday amidst brighter outlook for complete and sustainable recovery, growth of passenger demand and focus on future mobility, sustainable infrastructure and innovation. HH Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of ...
Read More »
DUBAI / WAM Emirates NBD and the Dubai International Financial Centre (DIFC) have signed a Letter of Intent, which will aim to drive the future of finance, innovation, talent and entrepreneurial growth in the region, thus contributing to Dubai’s GDP growth ambitions. The Letter of Intent was signed at the Dubai FinTech Summit 2023, by Arif Amiri, CEO of DIFC ...
Read More »
SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman, honoured at the Cultural Palace in Sharjah, the winners of the second edition of the Sharjah Award for Public Finance (SAPF). The ceremony began with the playing of the United Arab Emirates’ national anthem and the reading of verses ...
Read More »
DUBAI / WAM H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Sports Council, presided over a council board meeting at its headquarters. During the meeting, he highlighted Dubai’s sturdy sports and tourism infrastructure, as well as its adaptable legislation, which have contributed to establishing the city’s position as a top destination for regional and international sports ...
Read More »
ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Santiago Pena of Paraguay on the occasion of the presidential election win. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.