DUBAI/GULF TIME Union Insurance Company, a leading provider of innovative customer-focused insurance solutions to individuals and organisations in the region, has reported strong financial results for 2024. The company’s net profit has surged from a loss of AED2.5 million posted in 2023 to AED38.3 million in 2024. As of December 31 2024, total assets have grown to AED 1.514 billion compared to ...

AL AIN/WAM The Abu Dhabi Housing Authority (ADHA) and Abu Dhabi Real Estate Centre have begun handing over 306 villas to Emirati beneficiaries of the Al Saad residential project in Al Ain following the completion of the allocation process. The project features five-bedroom villas spanning 505 square metres, built on plots of 2,025 square metres each. It includes integrated community ...

ABU DHABI/WAM EDGE Group entity POWERTECH has secured its first order for the P145i combustion engine from ADASI, marking a significant milestone in its strategy to become a globally competitive original equipment manufacturer (OEM) of high-performance propulsion systems for defence and civil aerospace applications. Under the agreement, POWERTECH will supply ADASI with its advanced six-cylinder fuel-injection engine, designed to enhance ...