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) and Mercury have announced the formation of a strategic joint venture, Unitey Business Services, aiming at supporting the Financial Infrastructure Transformation programme (FIT) launched by the CBUAE. This joint venture will enhance the operations of the UAE’s national financial market infrastructure and meet the highest standards and practices in …
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July, 2025
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24 July
SCA refers licensed company to Public Prosecution, imposes fine of AED5 million for misleading clients
ABU DHABI/WAM The Securities and Commodities Authority (SCA) has imposed a record fine of AED5 million on a licensed company and referred the matter to the Public Prosecution, in a decisive move to safeguard market integrity and enforce regulatory compliance. The action follows confirmed violations of anti-money laundering (AML) laws, counter-terrorism financing regulations, and measures related to the funding of …
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24 July
Sharjah Art Foundation announces curators of Sharjah Biennial 17
SHARJAH / WAM Sharjah Art Foundation announced that Angela Harutyunyan and Paula Nascimento have been appointed as the curators of Sharjah Biennial 17, opening in January 2027. Harutyunyan is Professor of Contemporary Art and Theory, Berlin University of the Arts and Nascimento is an independent curator and architect based in Luanda. Hoor Al Qasimi, President and Director of Sharjah Art …
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24 July
CDA, Dubai Culture launch ‘Zad Rashid’ initiative to inspire children to read, uphold cultural values
DUBAI / WAM The Community Development Authority (CDA) in Dubai, in collaboration with the Dubai Culture and Arts Authority (Dubai Culture), has announced the launch of the ‘Zad Rashid’ initiative. Aimed at nurturing a culture of reading among children in Dubai and strengthening their national and linguistic identity, the initiative, among other activities, includes the distribution of 1,000 complete home …
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24 July
Masdar, Iberdrola achieve financial close for €5.2bn East Anglia THREE Offshore wind project
ABU DHABI / WAM Masdar, a global clean energy leader, and Iberdrola, one of the world’s largest energy companies, today announced they have reached financial close for the 1.4-gigawatt (GW) East Anglia THREE offshore wind farm, in one of the biggest offshore wind transactions this decade. Project financing facilities totalling £3.6 billion (€4.1 billion) have been secured with 23 banks …
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24 July
Restoring Mind, Body and Spirit through Mindfulness and Spiritual Healing at Kamalaya Koh Samui
DUBAI / GULF TIME In an increasingly hyperconnected world, where relentless demands and digital distractions have become woven into the fabric of daily life, Kamalaya Koh Samui Wellness Sanctuary offers a sanctuary for those seeking genuine reprieve. Tucked away on the idyllic island of Koh Samui in Thailand, this multi-award-winning wellness retreat has long been celebrated for its deeply considered …
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24 July
Sharjah real estate transactions surge 48.1% to AED27bn in H1 2025
SHARJAH / WAM Sharjah’s real estate sector recorded AED27 billion in transactions during the first half of 2025, a 48.1 percent increase from AED18.2 billion in the same period last year. Additionally, the number of transactions carried out by the Sharjah Real Estate Registration Department reached 48,059, representing a 3.3 percent increase compared to 46,524 transactions during the same period …
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24 July
Joint Statement on Israel’s Knesset approval of declaration to impose sovereignty over occupied West Bank
ABU DHABI / WAM The United Arab Emirates, the Kingdom of Bahrain, the Arab Republic of Egypt, the Republic of Indonesia, the Hashemite Kingdom of Jordan, the Federal Republic of Nigeria, the State of Palestine, the State of Qatar, the Kingdom of Saudi Arabia, the Republic of Türkiye, the League of Arab States and the Organisation of Islamic Cooperation (OIC), …
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24 July
MoFA launches inaugural Customer Council for accredited diplomatic missions in UAE
ABU DHABI / WAM The Ministry of Foreign Affairs (MoFA), committed to providing excellent services, has organised its inaugural Customer Council for accredited diplomatic missions in the UAE for the year 2025. The event, co-developed with the Prime Minister’s Office, was attended by Omar Obaid AlHesan AlShamsi, Undersecretary of MoFA, and Mohamed Rashid bin Taliah, Head of Government Services for …
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24 July
UAE continues maintenance of water wells in Gaza under ‘Operation Chivalrous Knight 3’
ABU DHABI / WAM The United Arab Emirates is continuing to carry out maintenance works on potable water wells in central Gaza as part of its ongoing “Operation Chivalrous Knight 3” humanitarian mission. The project is supported by Sharjah Charity International, Saqr bin Mohammed Al Qasimi Charity and Humanitarian Foundation, Dar Al Ber Society, in coordination with the Coastal Municipalities …
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