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

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday welcomed His Excellency Viktor Orbán, Prime Minister of Hungary, who is on an official visit to the UAE. During their meeting at Qasr Al Shati in Abu Dhabi, His Highness and the Hungarian Prime Minister discussed the growth of bilateral relations and ways to enhance cooperation, ...

DUBAI/WAM Emirates NBD reported a record AED27.1 billion profit before tax in 2024, up 15 percent from the previous year, while the profit after tax reached AED23 billion, up 7 percent. In a statement on Wednesday, the bank said that the Board of Directors is proposing a 100 fils dividend per share. Income climbed to over AED44 billion in 2024 ...

DUBAI/WAM Mohammed Bin Rashid Space Centre (MBRSC) has signed a memorandum of understanding (MoU) with SpaceData, a Tokyo-based startup engaged in R&D aimed at the fusion of space and digital, to develop two key digital twin solutions. A digital twin is a virtual model or replica of a real-world object, system, or process, which can help entities test real-life situations ...

SHARJAH/WAM The General Secretariat of the Arab Parliament for the Child (APC) will host the fourth session of the parliament in mid-February in the city of Sharjah, maintaining communication with the Arab countries’ representatives at the Arab League to nominate their children for the upcoming session. These preparations come amid significant interest from the member states of the Arab League, ...

ABU DHABI/WAM The Central Bank of the UAE (CBUAE) marked 2024 with significant achievements across the financial, banking, and insurance sectors. This further sets the stage for a bright future for the UAE’s financial sector and underscores the CBUAE’s pivotal role in fostering monetary and financial stability, managing reserves, developing secure financial infrastructure through cutting-edge digital innovation, stimulating sustainable economic ...

DAR ES SALAAM/WAM On behalf of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, headed the UAE delegation participating in the African Heads of State Energy Summit in the capital of the United Republic of Tanzania, Dar es Salaam. The summit held under the theme, “Lighting Africa: The Transformative ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia on the death of Prince Mohammed bin Fahd bin Abdulaziz Al Saud. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister ...

DUBAI/GULF TIME Andalusia Group, the pioneering real estate developing company in Dubai, is taking a bold step to address a prevalent issue in residential living: the underutilization of amenities due to their suboptimal design and lack of developer focus. The newly launched Bottega Residences is poised to transform this narrative by fostering a vibrant vertical community enriched with high-end facilities. ...

DUBAI/GULF TIME Selfdrive.ae, a leading mobility tech company and market pioneer in car rental and subscription services across the Middle East, has announced an exclusive strategic partnership with the FAW Group, the parent company of the globally renowned Bestune brand. Known for their innovative automotive solutions, Bestune models will now be available in the UAE through Al Khalid Auto, the ...

UAE/GULF TIME This Ramadan, create a dining space as meaningful as the moments you’ll share. At Ethan Allen, we understand that the dining table is the heart of every gathering—a place where stories are told, traditions are celebrated, and bonds are strengthened. Our exclusive dining collection is designed to make your iftars and suhoors unforgettable. Celebrate with Exclusive Ramadan Savings ...