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 Union Insurance Company, one of the leading providers of innovative customer-focused insurance solutions to individuals and organisations in the UAE, on Thursday announced its financial results for the first quarter ending March 31, 2026. The period was marked by a steady increase in core insurance business and a notable improvement in technical margins and investment performance, …

SHARJAH / WAM Arada has signed its first sustainability-linked financing, a $100 million facility that has been agreed with First Abu Dhabi Bank and guaranteed by Italy’s export credit agency SACE. The financing agreement has been structured to align with Arada’s internal targets to achieve local impact and underscores the master developer’s commitment to pursuing green investment and sustainable construction …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a delegation from EDGE Group, the UAE-based advanced technology and defence solutions company. His Highness expressed his appreciation for the efforts of the group’s leadership, praising EDGE’s advanced technological solutions and successful international partnerships, which contribute to strengthening the UAE’s position as a global hub …

WASHINGTON / WAM US President Donald Trump and Chinese President Xi Jinping held a “good” meeting in Beijing on Thursday (May 14, 2026), the White House said. ”The two sides discussed ways to enhance economic cooperation, including expanding market access for American businesses into China and increasing Chinese investment in US indsutries,” the White House said in a statement. According …

DUBAI / WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence and Chairman of The Executive Council of Dubai, today visited Jebel Ali Port, operated by DP World, to review operations, meet the teams keeping regional trade flowing and see firsthand the multimodal investments strengthening regional trade infrastructure. During …

ABU DHABI / WAM The Central Bank announced a decrease in money supply aggregate M1 by 2.5%, from AED1,099.8 billion at the end of February 2026 to AED1,072.7 billion at the end of March 2026. The decrease was caused by a decrease in monetary deposits by 4.0%. Meanwhile, currency in circulation outside banks rose by 6.9%. The money supply aggregate …

GENEVA / WAM The World Health Organisation confirmed on Thursday that the Hantavirus strain identified in the outbreak aboard the cruise ship MV Hondius is the “Andes” variant, which is capable of person-to-person transmission. In a statement released on 14 May, the WHO reported that the total number of cases linked to the vessel has reached 11. This figure includes …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Ahmad Al Sharaa, President of the Syrian Arab Republic, spoke by telephone to discuss fraternal relations and ways to strengthen cooperation, particularly in development, economic, and investment sectors, to support the progress and prosperity of both nations and their peoples. The two sides …

ABU DHABI / WAM H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, and Chairman of the Higher Organizing Committee for the Open Masters Games Abu Dhabi 2026, has directed that an annual Emirates Open Masters Games be held in Abu Dhabi, with the aim of promoting physical …

ABU DHABI / GULF TIME The Environment Agency – Abu Dhabi (EAD) has revealed the results of a public opinion survey on the emirate’s single-use plastics policy, launched by EAD in 2020 as a strategic step to promote environmental sustainability and reduce the negative effects of excessive plastic consumption. As one of the emirate’s pioneering initiatives launched to positively impact …