The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
SHARJAH/WAM Sharjah Islamic Bank (SIB) announced record financial results and exceptional growth for the year ending on December 31 2024. The bank’s net profit before tax increased by 36.5%, reaching AED1.15 billion, while net profit after tax amounted to AED1.05 billion, reflecting a 24.5% increase. This marks a significant milestone in the bank’s history, as its net profit surpassed the ...
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January, 2025
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19 January
Gaza ceasefire begins, aid flows in
GAZA, DOHA, CAIRO/WAM A ceasefire in the Gaza Strip came into effect today, marking the start of its first phase, which will last for 42 days. This follows 15 months of Israeli aggression on the region. The United Nations has also announced that the first aid convoys have entered Gaza. “A ceasefire finally came into effect in Gaza at 11:15 ...
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19 January
Maktoum bin Mohammed reviews Economic Security Center of Dubai’s strategy for 2025-2030
DUBAI/WAM H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Dubai Judicial Council, reviewed the Economic Security Center of Dubai’s strategy for 2025-2030. The new strategy aims to strengthen Dubai’s economic stability and progress by identifying investment opportunities, anticipating and addressing ...
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19 January
Leap to Peak Brings the Region’s First Transformative Wellness Travel Experiences to the UAE
DUBAI/GULF TIME Leap to Peak, the first-of-its-kind travel company in the region, is bringing its transformative wellness journeys to the UAE. Far more than ordinary vacations, Leap to Peak offers life-changing adventures designed to blend personal growth, deep healing, and spiritual awakening. At the heart of Leap to Peak’s philosophy is the belief that travel can be a conscious act, ...
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17 January
UAE President, VPs congratulate Milanovic on re-election as President of Croatia
ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory cable to Zoran Milanović, President of the Republic of Croatia, on the occasion of his re-election for a new presidential term. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed ...
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17 January
NextGen FDI, Climate First partner to accelerate UAE’s climate tech ecosystem
ABU DHABI/WAM The Ministry of Economy’s NextGen FDI initiative has partnered with Climate First, a leading European private equity firm specialising in climate innovation investments, to advance the UAE’s climate-tech ecosystem. The partnership, which will see Climate First bring its portfolio companies to the UAE for networking, partnership and expansion opportunities, was cemented with the inaugural Climate First UAE Roadshow, ...
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17 January
Khalifa bin Tahnoon bin Mohammed attends inauguration of 2nd Khaled bin Mohamed bin Zayed Jiu-Jitsu Championship
ABU DHABI/WAM Sheikh Khalifa bin Tahnoon bin Mohammed Al Nahyan, Chairman of the Abu Dhabi Crown Prince Court, has attended inauguration of the 2nd Khaled bin Mohamed bin Zayed Jiu-Jitsu Championship, taking place at Mubadala Arena, Abu Dhabi, until 19th January 2025. During his visit to the championship, Khalifa bin Tahnoon bin Mohammed Al Nahyan observed the playing of the ...
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17 January
Khaled bin Mohamed bin Zayed: January 17 celebrates Emirati values of courage, valour
ABU DHABI/WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, affirmed that January 17 has become a celebration of Emirati values of courage and valour, embodied in the strength of the nation’s determination and the resilience of its unity. On a post on his official X account, ...
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17 January
UAE, Egyptian Presidents discuss bilateral relations, regional developments
ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held talks on Thursday with His Excellency President Abdel Fattah El-Sisi of Egypt to discuss ways to further strengthen the longstanding ties between the two nations. The talks, which took place during the Egyptian President’s working visit to the UAE, centred on enhancing collaboration across various sectors, particularly ...
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17 January
Valores Celebrates Success of flagship Valores Residences in Furjan, announces projects worth AED600mn in Q1
DUBAI/GULF TIME Valores Property Development, a rising star in the UAE’s real estate sector, proudly announces the resounding success of its flagship debut project, Valores Residences in Al Furjan. Valued at AED 150 million, this landmark development marks a pivotal milestone in the company’s mission to redefine sustainable, community-focused urban living. It also paves the way for the developer’s ambitious ...
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