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 Abu Dhabi National Energy Company (Taqa) on Friday announced that it has secured refinancing its $3.5 billion revolving credit facility. Secured via a syndicate comprising 20 banks, the new 5-year USD SOFR-based facility, which will be utilised for general corporate purposes, is set to replace the organisation’s existing $3.5 billion revolving credit facility, signed in ...

  ABU DHABI / WAM The Abu Dhabi Investment Office (ADIO) on Friday announced that it is partnering with Innovaccer, the Health Cloud company, to improve the accessibility, affordability and quality of healthcare in the Middle East. Under the partnership, Innovaccer will receive financial and non-financial incentives to set up its regional headquarters in Abu Dhabi, as part of ADIO’s ...

  Dubai / WAM Emirates SkyCargo and United Cargo signed a memorandum of understanding (MoU) that follows on the heels of the new broader historic commercial agreement between two of the largest global airlines. This coordination will deliver benefits to air freight customers of both Emirates Skycargo and United Cargo around the world. The MoU was signed at the World ...

  ABU DHABI / WAM Burjeel Holdings on Friday announced the offer price range and the opening of the subscription period for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The opening of the subscription period for the Offering commences on September 30, and will continue until Tuesday October 4 for the first tranche (offering to ...

  Dubai / WAM The real estate sector in the emirate of Dubai continued to maintain a sustainable growth in the number and value of sales during the month of August, as it witnessed the registration of 9,720 real estate sales, worth AED24.34 billion. This came in Mo’asher, Dubai’s official sales price and rental performance index launched by Dubai Land ...

  Dubai / WAM Emirates SkyCargo and United Cargo signed a memorandum of understanding (MoU) that follows on the heels of the new broader historic commercial agreement between two of the largest global airlines. This coordination will deliver benefits to air freight customers of both Emirates Skycargo and United Cargo around the world. The MoU was signed at the World ...

  ABU DHABI / WAM A delegation from Abu Dhabi Fund for Development (ADFD) and its export-financing arm, the Abu Dhabi Exports Office (Adex), visited Abu Dhabi Ship Building (ADSB), an entity within Edge. The delegates held discussions with ADSB officials about promoting Emirati companies with ADFD’s support and raising the competitiveness of UAE products in global markets. Mohamed Saif ...

  Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) has been ranked in third place as one of the top performing governmental companies in the emirate of Abu Dhabi in achieving compliance with NCEMA 7000:2021 national standard (Business Continuity Management). Yousef Altheeb Al Ketbi, Group Chief Operations Officer of Seha, said, “Seha has truly proven itself to be ...

  Ras Al Khaimah / WAM Held under the patronage and presence of HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, the inaugural RAK Energy Summit will feature a host of top-level speakers from the energy sector in the UAE and internationally for discussions on the challenges and opportunities the world faces ...

  Dubai / WAM Nakheel on Friday announced the launch of a new selection of residences at Palm Beach Towers 3. Located on Palm Jumeirah and featuring over 300 units, the new residential tower features residences with 360-degree views, with a variety of nearby dining, leisure and recreational facilities. The Palm Beach Towers 3 includes a selection of 1, 2 ...