The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
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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January, 2025
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17 January
Ambipar Signs Strategic Agreement with EDGE, UAE State-Owned Military Company, for Climate Emergency Response Services
ABU DHABI/GULF TIME Ambipar, a global leader in environmental solutions, announced a strategic agreement with EDGE, the state-owned military company of the United Arab Emirates, to develop advanced technologies for emergency response and decarbonization initiatives. The memorandum was signed in Abu Dhabi by Ambipar’s CEO, Tercio Borlenghi Júnior, and EDGE’s President of Business, Omar Al Zaabi. The partnership will focus ...
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16 January
UAE’s global tourism identity enhanced by 1 Billion Followers Summit
DUBAI / WAM Fatima Abdulrahman, Director of Government Communications at the Ministry of Economy, said that the strategic partnership with the 1 Billion Followers Summit, which attracts over 15,000 content creators, will help highlight the UAE’s exceptional tourism services and products, further enhancing the country’s global tourism identity. In a statement to the Emirates News Agency (WAM) on the sidelines ...
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16 January
Ras Al Khaimah celebrates record-breaking tourism year in 2024
RAS AL KHAIMAH / WAM Ras Al Khaimah Tourism Development Authority (RAKTDA) reported its strongest year ever, welcoming a record-high 1.28 million overnight arrivals in 2024. This milestone reflects a 12% growth in tourism revenues and a notable 15% increase in Meetings, Incentives, Conferences, and Exhibitions (MICE) visitors. This success is a testament to the emirate’s strategic and sustainable growth ...
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16 January
Adnoc, AIQ complete trial phase of agentic AI solution
ABU DHABI/WAM ADNOC and AIQ announced on Thursday the successful proof-of-concept trial of ENERGYai, the world’s first-of-its-kind agentic artificial intelligence (AI) solution tailored for the energy sector. ENERGYai integrates a 70-billion-parametre large language model (LLM) with over 50 years of ADNOC’s knowledge and petabytes of its proprietary data to drive optimisation and efficiency across the company’s operations. The 90-day proof-of-concept ...
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16 January
MoF meets with IMF Article IV consultation mission
ABU DHABI/WAM Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, has met with the International Monetary Fund (IMF) Article IV consultation mission at the Ministry’s headquarters in Abu Dhabi. The meeting was attended by Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations at the Ministry of Finance, and Thuraiya Hamid Alhashmi, Director of International Financial Relations and ...
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16 January
Masdar to establish new HQ at ‘The Link’ project
ABU DHABI/WAM Masdar City, a leading hub for innovation and sustainability in Abu Dhabi, has announced that Abu Dhabi Future Energy Company (Masdar) will establish its new global headquarters at The Link, an innovative, 30,000-square-metre development that seamlessly integrates living and working spaces with advanced technological infrastructure. The announcement was formalised through an agreement signed during the Abu Dhabi Sustainability ...
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16 January
Mohammed bin Rashid honours winners of Great Arab Minds 2024 awards
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, honoured the six winners of the Great Arab Minds 2024 awards at a ceremony held on Thursday at the Museum of the Future in Dubai. The largest initiative of its kind in the Arab world, the Great ...
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16 January
Adnec reviews Idex, Navdex preparations
ABU DHABI/WAM The ADNEC Group hosted a meeting with diplomatic representatives and military attachés accredited to the UAE to provide an update on the latest preparations for the largest editions of the International Defence Exhibition (IDEX) and Naval Defence & Maritime Security Exhibition (NAVDEX) 2025, along with the accompanying International Defence Conference. The exhibitions, held under the patronage of President ...
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16 January
Mubadala’s ‘KELIX bio’ acquires Julphar’s ‘DiabTec’
ABU DHABI/WAM KELIX bio, wholly owned by Mubadala Investment Company, an Abu Dhabi sovereign investor, has completed the acquisition of DiabTec LLC, a subsidiary of Julphar. This acquisition strengthens Mubadala’s portfolio of biologicals, establishes its role in biomanufacturing across the MENA region, and supports its efforts to advance the UAE’s life sciences sector through local manufacturing. DiabTec’s facility includes 20,000-liter ...
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