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

SHARJAH/WAM Bank of Sharjah has announced its financial results for the year ended December 31 2024, reporting a record profit before tax of AED416 million. With net profit after tax soaring to AED385 million, the bank’s exceptional performance was driven by strong revenue growth, effective cost control measures, and prudent risk management. Commenting on the results, Sheikh Mohammed bin Saud ...

AJMAN/WAM The International Charity Organisation has launched a series of initiatives to support 60,000 orphans in the UAE and abroad during Ramadan, aiming to enhance their well-being and stability. Key projects include distributing Zakat funds, providing Eid clothing for orphans and their mothers, offering food parcels, monthly financial aid, Eid gifts, and medical assistance. Dr Khaled Al-Khaja, Secretary-General of the ...

DUBAI/GULF TIME SLRP Ramen, the celebrated ramen house originally located in Yas Mall, Abu Dhabi, has expanded to Dubai, opening its doors in the world’s largest shopping and dining destination, Dubai Mall. Founded by The Lab Holding, the visionary team behind the award-winning 3Fils and Brix Café – SLRP is known for its dedication to handcrafted ramen and is now ...

DUBAI/WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, affirmed that Dubai remains committed to strengthening its leadership in the endowment sector and expanding community-based service endowments. H.H. Sheikh Hamdan attributed this success to the vision and ...

ABU DHABI / WAM Khalifa University of Science and Technology today announced it has ranked top in the UAE in 10 subjects in the QS World University Rankings by Subject 2025. Additionally, its Petroleum Engineering has risen to the 7th place, maintaining its position in the global top 10 for three consecutive years. The university has also made notable gains ...

ABU DHABI / WAM The UAE General Civil Aviation Authority (GCAA) has introduced the region’s first national regulation for the certification of air navigation service providers for unmanned aircraft, known as CAR Airspace Part Uspace. This regulation sets a comprehensive framework for organisations seeking to provide air navigation services for drones, ensuring they meet strict operational and safety requirements. Designed ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Thursday received Ramadan well-wishers on the occasion of the Holy Month, at Al Shindagha Majlis in Dubai. HH Sheikh Mohammed bin Rashid, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First ...

ABU DHABI/WAM Cleveland Clinic Abu Dhabi, part of M42 group, has made significant contributions to the development of complex care in the region over the last 10 years, setting new benchmarks and strengthening the emirate’s position as a global medical leader. During its 10-year journey, Cleveland Clinic Abu Dhabi has treated more than 6.8 million patients and delivered over 175,000 ...

DUBAI / WAM Nasdaq Dubai on Thursday welcomed the listing of the Government of Ras Al Khaimah’s, acting through the Investment and Development Office of Ras Al Khaimah (IDO), 10-year $1 billion senior unsecured Sukuk at a profit rate of 5.038 percent issued on March 5 2025. The sukuk, due in 2035, has been issued under the $2 billion Trust ...

DUBAI / WAM DP World Limited has announced financial results for the year ended on December 31 2024. On a reported basis, revenue grew by 9.7 percent to $20.0 billion, and adjusted EBITDA rose by 6.7 percent to $5.5 billion with an adjusted EBITDA margin of 27.2 percent. Revenue growth of 9.7 percent was mainly due to improved performance from ...