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DUBAI / WAM Salik Company, Dubai’s exclusive toll gate operator, on Tuesday announced its financial results for the three-month period ended on March 31 2025 (Q1 2025). Total revenue for Q1 grew by 33.7 percent YoY to reach AED751.6 million. EBITDA for Q1 increased 37.9 percent YoY to AED519.6 million. In Salik’s core tolling business, total chargeable trips reached 158.0 ...

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, has met with Richard Chambers, Chief of Police of New Zealand. The meeting explored avenues for enhancing cooperation in various policing fields, including training methodologies, crime prevention, and exchanging expertise and best practices. The discussions reflected the shared commitment ...

RAS AL KHAIMAH / WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, today received a delegation from the United Kingdom’s Royal College of Defence Studies, led by Philip Parham, Director at the College and former UK Ambassador to the UAE. The meeting was held at His Highness’ palace in the Saqr ...

RIYADH / WAM United States President Donald Trump arrived in Riyadh on Tuesday, marking his first official foreign visit since taking office on 20th January. The Gulf visit begins in Saudi Arabia, followed by Qatar and the United Arab Emirates. Trump’s plane landed at King Khalid International Airport, where he was received by His Royal Highness Prince Mohammed bin Salman ...

DUBAI / GULF TIME Vision Developments, one of the leading UAE real estate developers, announced the launch of two new residential projects, “REEM” and “SOUL,” in Dubai. The move is part of their strategic expansion plan into several promising areas in the emirate and provide housing solutions that meet the aspirations of various segments of society. The “REEM” project is ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received a written message from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, inviting him to attend the upcoming GCC-US Summit scheduled to take place in Riyadh later this month. The message was received by Omar Obaid Alshamsi, Under-Secretary ...

ASTANA/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has held official talks with Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, at the Presidential Palace in Astana. President Kassym-Jomart Tokayev welcomed His Highness and the accompanying UAE delegation, reaffirming the strong bilateral ties between the two nations and expressing Kazakhstan’s commitment to ...

ABU DHABI/WAM The UAE Banks Federation (UBF) has reiterated its commitment to enhance the efforts of its member banks to develop the necessary frameworks, under the direct supervision of the Central Bank of the UAE. This ensures the best utilisation of advanced technologies in the banking industry and maintains the UAE’s leading position in driving financial and banking innovation and ...

ABU DHABI/WAM ADNOC Logistics and Services (ADNOC L&S) plc announced on Monday financial results for the first quarter (Q1) ending 31st March 2025. ADNOC L&S revenue for Q1 was $1,181 million (AED4,339 million), a 41 percent year-on-year increase. EBITDA rose by 20 percent to $344 million (AED1,262 million) in the same period, driven by robust performance across all business segments, ...

DUBAI/WAM The United Arab Emirates (UAE) has maintained its leading position among countries with “very high human development” climbing 11 spots globally in the 2025 Human Development Index (HDI) report issued by the United Nations Development Programme (UNDP), compared to its 2021–2022 ranking. The United Arab Emirates ranked 15th globally out of 193 countries covered by the report, outperforming nations ...