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

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) announced its financial results for the first half of 2025. The company reported a net profit after tax of AED403 million marking a 3.4 percent increase compared to the same period in 2024. Empower reported a total revenue of AED1,453 million, marking a 7.5 percent increase compared to the same period ...

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, on Tuesday received Lutfullah Göktas, Ambassador of the Republic of Türkiye, at his palace in the Saqr bin Mohammed City, on the occasion of the beginning of the ambassador’s tenure. HH Sheikh Saud bin Saqr welcomed Ambassador Göktas and ...

DUBAI/GULF TIME Andalusia Group, a pioneering real estate developing company based in Dubai, announced the launch of Bottega 33 Residences, its second branded residential project under the Bottega concept, which will be developed through strategic partnership with Arete Developments, a premium real estate developer renowned for its commitment to excellence. Located in the heart of Majan, the vibrant neighbourhood in ...

ABU DHABI / WAM ADNOC Gas plc and its subsidiaries on Monday announced the signing of a Heads of Agreement with Hindustan Petroleum Corporation Limited (HPCL) to supply 0.5 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) for a 10-year term. The agreement underscores ADNOC Gas’ expanded global footprint, particularly across the high-demand Asian LNG market, reinforcing ...

ABU DHABI / WAM The United Arab Emirates is continuing its humanitarian mission in support of the Palestinian people in the Gaza Strip, carrying out the 62nd airdrop of aid under the “Birds of Goodness” initiative, part of Operation Chivalrous Knight 3. The operation is conducted in collaboration with the Hashemite Kingdom of Jordan, with the participation of France, Germany, ...

ABU DHABI / WAM The Central Bank of the United Arab Emirates (CBUAE) has issued its 2024 Financial Stability Report, which includes a comprehensive assessment of financial system stability and financial developments across sectors amidst increased global challenges and risks. The report affirmed the robustness of the UAE banking sector, supported by strong capital and liquidity buffers, alongside improved asset ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, conducted an inspection visit to the HQ of the National Centre of Meteorology (NCM). He was received by Dr. Abdulla Al Mandous, Director-General of the Centre and President of the World Meteorological Organisation (WMO), along with several ...

ABU DHABI / WAM MAJRA – National CSR Fund announced that nearly 300 companies have successfully completed the mandatory Impact Declaration through the Sustainable Impact Digital Portal. This milestone marks a significant step in embedding sustainability and governance principles across the private sector and represents the first phase in the process of applying for the Impact Seal, a federal recognition ...

ABU DHABI / WAM Air Arabia Abu Dhabi has increased the number of flights to Baku in Azerbaijan and Tbilisi in Georgia, offering more travel options for customers and supporting the growing demand for affordable and direct travel between the UAE’s capital and these popular leisure destinations. The airline now operates non-stop flights between Zayed International Airport and Baku’s Heydar ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai Executive Council, affirmed that the leadership places the highest priority on strengthening family values and fostering social cohesion, while ensuring that all necessary resources and support are made available to build a thriving and ...