GULF TIME ELEVATE, the visionary lifestyle real estate brand launched in the UAE by global development firm One Group and Ennismore, the fastest-growing lifestyle and leisure hospitality company, has signed an agreement to introduce the region’s first-ever beachfront Mondrian residences in the UAE. The landmark $500 million project will be situated on the rapidly growing Al Marjan Island, marking a …

ABU DHABI / GULF TIME Line Investments & Property SP LLC, the shopping mall development and management arm of Lulu International Holdings Ltd, has successfully concluded the much-anticipated Summer Shopping Carnival, a dynamic month-long festival that transformed the retail experience across 12 malls in Abu Dhabi, Al Ain, and Al Dhafra. The Summer Shopping Carnival offered visitors 31 days of …

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today visited His Majesty King Hamad bin Isa Al Khalifa of the Kingdom of Bahrain at his residence in Abu Dhabi. During the meeting, His Highness and His Majesty engaged in warm and fraternal conversations that reflected the deep-rooted ties between the two countries and their peoples. The …

DUBAI/WAM The Ministry of Energy and Infrastructure (MoEI) organised its first customer council meeting dedicated to discussing the mortgage release procedure after loan repayment. The meeting aimed to enhance transparency, improve service efficiency, and gather feedback from beneficiaries. This initiative reflects the Ministry’s commitment to customer-centric service development and continuous improvement of housing-related procedures in line with national smart government …

ABU DHABI/WAM G42, the Abu Dhabi-based global technology group, has announced the release and implementation of a new cutting-edge procurement optimisation tool developed by its portfolio company, Inception. The new AI-powered platform, (In)Business Procurement, will deliver results, reduce sourcing and contract cycles by up to 40%, enable faster decision-making, and set a new standard for efficiency. As the first in …

DUBAI / WAM The UAE Banks Federation (UBF) has underlined the pivotal role of Etihad Credit Bureau in advancing the UAE’s banking and financial sector, reinforcing the country’s standing as a global financial and commercial hub. During the “Partner Engagement Forum”, held at the Emirates Institute of Finance in Dubai, UBF commended Etihad Credit Bureau’s initiatives in supporting the UAE’s …

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has announced the commencement of the pricing stage as the initial step toward listing the first-ever, distributed ledger technology (DLT)-based bond in the region. Issued by First Abu Dhabi Bank (FAB) using HSBC Orion, a market-leading digital assets platform, the upcoming bond listing represents a landmark step in ADX’s mission to …

ABU DHABI / WAM ADNOC’s Hail and Ghasha mega-project has met a key development milestone, having completed the “sail-out” and installation of critical offshore facility structures from the NMDC Energy Yard in Mussafah, Abu Dhabi. The structures – called steel “jackets” – form the foundation of the project’s offshore facilities. Delivered on schedule and in line with the highest safety …

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Aleksandr Lukashenko of the Republic of Belarus on the occasion of his country’s Independence Day. 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, …

DUBAI / GULF TIME Just in time for the summer season, Babyshop announces the exclusive Middle East launch of the Nuna x BMW collection—a collaboration that blends world-class design, engineering, and everyday practicality. Available only at Babyshop stores and online, the limited-edition collection features three premium strollers and two cot options, offering families a sleek, high-performance upgrade to their daily …