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 has sent a congratulatory message to President Kais Saied of Tunisia on the occasion of his country’s Independence Day. 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 bin Zayed Al Nahyan, ...

DUBAI/GULF TIME Union Insurance Company, a leading provider of innovative customer-focused insurance solutions to individuals and organisations in the region, has reported strong financial results for 2024. The company’s net profit has surged from a loss of AED2.5 million posted in 2023 to AED38.3 million in 2024. As of December 31 2024, total assets have grown to AED 1.514 billion compared to ...

AL AIN/WAM The Abu Dhabi Housing Authority (ADHA) and Abu Dhabi Real Estate Centre have begun handing over 306 villas to Emirati beneficiaries of the Al Saad residential project in Al Ain following the completion of the allocation process. The project features five-bedroom villas spanning 505 square metres, built on plots of 2,025 square metres each. It includes integrated community ...

ABU DHABI/WAM EDGE Group entity POWERTECH has secured its first order for the P145i combustion engine from ADASI, marking a significant milestone in its strategy to become a globally competitive original equipment manufacturer (OEM) of high-performance propulsion systems for defence and civil aerospace applications. Under the agreement, POWERTECH will supply ADASI with its advanced six-cylinder fuel-injection engine, designed to enhance ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call on Thursday with His Highness Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, Emir of the State of Kuwait. The two leaders discussed the deep-rooted fraternal ties between their countries and explored ways to strengthen cooperation across various fields to serve shared interests. His Highness the UAE ...

NEW YORK/WAM BlackRock, Global Infrastructure Partners (GIP), a part of BlackRock, Microsoft, and MGX on Tuesday announced that NVIDIA and xAI will join the Global AI Infrastructure Investment Partnership, now named the AI Infrastructure Partnership (AIP), further strengthening the partnership’s technology leadership as the platform seeks to invest in new and expanded AI infrastructure. NVIDIA will also continue in its ...

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, issued Executive Council Resolution No. (13) of 2025, regarding the formation of the Data and Statistics Committee in the Emirate of Dubai. As per the Resolution, the Committee will be chaired by the Director General of ...

ABU DHABI/WAM The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40%. This decision was taken following the US Federal Reserve’s announcement on Wednesday to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also decided to maintain the interest rate applicable to borrowing ...

ABU DHABI/WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has affirmed that Zayed Humanitarian Day is a national occasion to honour the values of giving, goodwill, and human solidarity instilled in the people of the UAE by the late Founding Father, Sheikh Zayed bin Sultan ...

DUBAI / GULF TIME A new era of sportswear is arriving in the UAE, as Me & My Activewear launches its premium, sustainably crafted collection, designed for women and girls who demand more from their workout attire. Combining cutting-edge performance with the highest environmental integrity, the brand introduces a line of active wear that’s not only stylish but also championing ...