The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
ABU DHABI/WAM Abu Dhabi Fund for Development (ADFD) marked the inauguration of a 6.3-megawatt solar power plant in the Comoros, funded with a AED25.7 million ($7 million). The project enhances the nation’s energy infrastructure, helping meet growing energy demands and stimulate economic growth, while highlighting the fund’s commitment to environmental responsibility and sustainable advancement. Aligned with the UAE’s global development ...
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April, 2025
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22 April
Adnoc Distribution to operate 500 high-power EV chargers by 2028
ABU DHABI/WAM ADNOC Distribution announced a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging points from 53 in 2023 to over 200 in 2024, with a target of operating 500 high-power chargers by 2028. Bader Saeed Al Lamki, CEO of ADNOC Distribution, said during the Electric Vehicle Innovation Summit (EVIS 2025) that the company continues to ...
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22 April
MBZUAI to showcase AI innovation at Machines Can See 2025
DUBAI/WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) will participate as an official partner at Machines Can See 2025, held from April 23 to 24 during Dubai AI Week. The event, taking place at the Museum of the Future and Emirates Towers, will bring together over 2,000 AI experts and enthusiasts. Ivan Laptev, Professor of Computer Vision at MBZUAI ...
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22 April
Adhds, Syndesis Health collaborate to advance AI-driven genomic analytics
ABU DHABI/WAM Abu Dhabi Health Data Services (ADHDS), part of M42’s Digital Health Solutions (DHS) platform, has announced a collaboration with Syndesis Health, one of the world’s largest holders of phenotype data, encompassing over 70 million patient profiles. The term sheet was signed by Kareem Shahin, CEO of M42’s Digital Health Solutions platform and Josh Sutton, CEO of Syndesis Health, ...
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22 April
Emirates Islamic quarterly profit surpasses AED1 billion milestone
DUBAI/WAM Emirates Islamic’s quarterly profit surpassed the AED1 billion milestone for the first time, growing 24 percent year-on-year compared to the same period last year. The strong performance was supported by continued positive business sentiment in the UAE, which drove both funded and non-funded income higher. Total income rose 8 percent year-on-year to AED1.45 billion in Q1 2025. Operating profit ...
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22 April
Emirates NBD’s profit before tax rises to AED7.8 billion in Q1
DUBAI/WAM Emirates NBD’s Profit before tax rose 56 percent to AED7.8 billion in the first quarter of 2025 as strong lending momentum, an improvement in deposit mix and new products drove an 11percent year-on-year increase in income. The bank said that the balance sheet surpassed the AED1 trillion milestone boosted by impressive loan and deposit growth from a buoyant regional ...
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22 April
UAE fintech market to reach $3.56 billion in 2025, says Forbes report
ABU DHABI/WAM A Forbes report has forecast that the financial technology (fintech) market in the UAE is expected to reach $3.56 billion in 2025, and $6.43 billion by 2030, with a compound annual growth rate (CAGR) of 12.56 percent, positioning the country among the fastest-growing global markets. The report, titled “What Can FinTech Learn From The UAE’s Rise As The ...
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22 April
Tawazun Council named Sector Enabling Partner for Defence at ‘Make it in the Emirates 2025’
ABU DHABI/WAM ADNEC Group has announced that Tawazun Council will serve as a Sector Enabling Partner for Defence in the fourth edition of Make it in the Emirates. As the UAE’s flagship industrial investment platform, Make it in the Emirates 2025 is a key driver of manufacturing and technological advancement, providing a global platform for innovation, collaboration, and investment. Dr ...
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22 April
Hamdan bin Mohammed witnesses announcement of AED2 billion hyperscale data centre at Dubai AI Week 2025
DUBAI/WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, witnessed the announcement of a groundbreaking AED2 billion hyperscale data centre. The facility will be developed and operated by du, the UAE’s leading telecommunications and digital services provider, ...
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22 April
MoHAP invites submissions for 2nd Scientific Conference on Health and Medical Research
DUBAI/WAM The Ministry of Health and Prevention (MoHAP) announced that it is now opening research submissions for the 2nd Scientific Conference on Health and Medical Research, scheduled for October 2025. The ministry is inviting researchers, academics, and healthcare professionals from across the UAE to submit papers covering a wide range of health and medical topics. The National Centre for Health ...
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