The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

DUBAI/WAM Salik Company on Wednesday announced its financial results for the nine-month period ended September 30 2024, registering a robust net profit after tax of AED822.0 million, up 2.4 percent YoY. Salik continued to deliver strong financial performance during the first nine-months of 2024, registering 355.6 million revenue-generating trips, which increased 5.1 percent YoY to drive total revenue of AED1,640.9 ...

ABU DHABI/WAM To mark World Pneumonia Day, the United Arab Emirates joined the global Pneumolight Campaign to raise awareness of the ongoing global battle against pneumonia, one of the leading causes of death among children under five worldwide. As part of the initiative, the UAE lit up several of its most prominent landmarks as a symbolic gesture of hope and ...

DUBAI/WAM Dubai World Trade Centre (DWTC) has initiated the first phase of the Dubai Exhibition Centre (DEC) expansion at Expo City Dubai, with enabling works and piling contracts now completed, and main contract works underway. The AED10 billion expansion masterplan, approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in September ...

DUBAI/ WAM Abu Dhabi Islamic Bank (ADIB) has been recognised as the world’s safest Islamic bank for the third consecutive year by Global Finance Magazine’s for 2024. ADIB was also awarded the Best Islamic Bank in the UAE and Egypt, underscoring its strong regional influence and exceptional performance. The bank also achieved the distinction of the Best Islamic Bank Globally ...

RAS AL KHAIMAH/WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received on Wednesday at his Palace in the Saqr bin Mohammed City, Nicolas Niemtchinow, Ambassador of France to the UAE, and Jean-Christophe Paris, Consul-General of France in Dubai and the Northern Emirates, who came to greet him. HH Sheikh Saud welcomed ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to His Eminence Dr Ahmed El-Tayeb, Grand Imam of Al-Azhar, on the passing of his sister. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai , and His Highness Sheikh Mansour ...

DUBAI/WAM Hamdan bin Rashid Al Maktoum Foundation for Medical and Educational Sciences, in partnership with the Arab League Educational, Cultural and Scientific Organisation (ALECSO), announced the winners of Hamdan-ALECSO Award for Distinguished Educational Research for this year across the Arab world. This year’s edition of Hamdan-ALECSO Award attracted 154 research submissions from 11 countries. Saudi Arabia led with 103 entries, ...

ABU DHABI/WAM The Abu Dhabi Judicial Department (ADJD), in cooperation with the Australian Embassy in the UAE, organised a workshop on the department’s advanced and high-calibre services for foreigners. The move is part of the legal awareness committee’s efforts to educate non-Arabic speaking foreign community members about the latest digital services and to promote a legal culture. The workshop was ...

BAKU/WAM Abu Dhabi Future Energy Company (Masdar) and Korporata Elektroenergjitike Shqiptare (KESH) – Albania Power Corporation – have signed a joint venture term sheet agreement to explore the development of gigawatt-scale renewable projects in Albania. The signing ceremony took place in Baku, Azerbaijan, on the sidelines of COP29, witnessed by the Prime Minister of Albania, Edi Rama, Dr Sultan Al ...

ABU DHABI / GULF TIME First Abu Dhabi Bank (FAB) has received initial approval to make FAB End of Service Benefits Funds available to UAE-based companies, giving employees the opportunity to grow their end of service benefits through the new government Alternative EOSB Savings Scheme (Savings Scheme). Participating employers pay monthly basic and voluntary contributions on behalf of their employees ...