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 The Central Bank of the United Arab Emirates (CBUAE) maintained its real GDP growth projections for 2024 at 4.0 percent, accelerating to 4.5 and 5.5 percent in 2025 and 2026, respectively. According to the Quarterly Economic Review – December 2024 issued on Monday by the CBUAE, growth expectations for the current year are driven by growth ...
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December, 2024
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23 December
Real estate valuation in Ajman totals AED598 million in November 2024
AJMAN / WAM The Department of Lands and Real Estate Regulation in Ajman announced that 173 real estate valuation transactions were recorded in November, totalling AED598 million and marking a significant increase of 88 percent compared to the same period last year. Omar bin Omair Al Muhairi, Directo-General of the Department, emphasised that the valuations covered commercial, residential, and industrial ...
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23 December
BMC launches Balance Lab to enhance ENT services
ABU DHABI / WAM Burjeel Medical City (BMC), the flagship facility under Burjeel Holdings, has unveiled a state-of-the-art Balance Lab within the Burjeel ENT Head & Neck Institute. The new facility is dedicated to the comprehensive diagnosis, treatment, and rehabilitation of balance and vertigo disorders, further strengthening BMC’s advanced offerings in otolaryngology (ear, nose, throat) and head and neck surgery. ...
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23 December
Drydocks World unveils major expansion in Dubai
DUBAI / WAM Drydocks World has officially opened its multi-million-dollar South Yard expansion, a 75,000 sqm state-of-the-art facility designed to enhance fabrication capabilities and reinforce the company’s leadership in complex global marine and offshore wind energy projects. The expansion increases fabrication capacity by 40% and yard capacity by 25%, enabling Drydocks World to execute multiple large-scale projects simultaneously. The new ...
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23 December
UAE President receives phone call from Prime Minister of Iraq
ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday received a phone call from His Excellency Mohammed Shiaa’ Al Sudani, Prime Minister of the Republic of Iraq. During the call, they discussed fraternal relations between the UAE and Iraq and opportunities to develop cooperation in all fields to serve mutual interests and achieve ...
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23 December
EAD saves 364 million plastic bags since 2022 ban
ABU DHABI / WAM The Environment Agency – Abu Dhabi (EAD) has announced that 364 million single-use plastic bags have been saved since the ban on single-use plastic bags came into effect on June 1 2022, as part of the emirate’s Single-Use Plastic Policy. This is the equivalent of 2,400 tonnes of plastic, or 547,000 tonnes of Green House Gases ...
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23 December
FTA renews call for December-licensed resident juridical persons to register for corporate tax
ABU DHABI / WAM The Federal Tax Authority (FTA) has renewed its calls for resident juridical persons with licences issued in December, irrespective of the year of issuance, to promptly submit their corporate tax registration application no later than December 31 2024, in order to avoid administrative penalties. In a press statement issued on Monday, the FTA advised taxable persons ...
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23 December
Al Seer Marine expands fleet with delivery of two MR tankers
ABU DHABI / WAM Al Seer Marine has taken delivery of MT Saiph and her sister ship from K Shipbuilding Korea. These state-of-the-art vessels are the second pair in a series of six newbuilding MR tankers. Each vessel is equipped with an Exhaust Gas Cleaning System (EGCS) and engineered to accommodate alternative fuels such as Liquefied Natural Gas (LNG), ammonia, ...
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23 December
Mohammed bin Rashid congratulates winner of Great Arab Minds Award in Natural Sciences
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has congratulated Professor Omar Yaghi, Professor of Chemistry at the University of California, Berkeley, for winning the Great Arab Minds Award in Natural Sciences. In a post on X, His Highness Sheikh Mohammed praised Professor Yaghi’s exceptional ...
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23 December
Empowering Women’s Confidence: Dr. Maria’s Revolutionary Approach to Women’s Health at Gýneco
DUBAI / GULF TIME In a world where women’s health often remains shrouded in stigma and discomfort, Dr. Maria Karakoulaki, has emerged as a beacon of change. Through her groundbreaking clinic, Gýneco, Dr. Maria is redefining what it means to prioritise women’s health by combining cutting-edge medical treatments, holistic care, and a safe space for open conversations. Gýneco is more ...
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