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 Dr Mohamed Yunus Al-Menfi, President of the Libyan Presidential Council, on 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 ...

GULF TIME This holiday season, Mushrif Mall is proud to unveil its enchanting transformation into “Santa’s Town”, a festive wonderland that captures the magic and joy of Christmas. Running from December 19th, 2024, to January 5th, 2025, the event promises an unforgettable celebration filled with dazzling lights, festive cheer, and memorable moments for families and visitors of all ages. Hop ...

DUBAI/WAM A new hub dedicated to empowering young Emirati entrepreneurs has opened its doors at Dubai International (DXB). The ‘Emirati District’, an initiative led by the Federal Youth Authority in partnership with the Fatima bint Mohamed bin Zayed Initiative, represents a key project within the first phase of the National Youth Agenda 2031. This comprehensive roadmap aims to position young ...

ABU DHABI/WAM Adnoc Drilling’s two brand new jack-ups rigs have arrived in the UAE and will start operating by Q1. This takes the fleet size to 142 rigs, adding further to Adnoc Drilling being among the largest rig fleet owners in the world. The new rigs top off a superlative year for Adnoc Drilling and a testament to how well ...

ZAGREB/WAM Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, met Ante Šušnjar, Croatia’s Minister of Economy and Sustainable Development, during an official visit to Zagreb. Discussions between the two ministers, who were joined by Ahmed Alattar, non-Resident Ambassador of the UAE to Croatia, focused on means to unlock new pathways for enhanced trade and economic ...

ABU DHABI/WAM The UAE’s healthcare sector achieved significant milestones in 2024 as part of efforts to enhance performance, improve quality of life, and promote healthy lifestyles across the community. The UAE allocated AED5.745 billion, representing eight percent of the federal budget for the 2025 fiscal year, to healthcare and community prevention services. In a major development, the UAE Cabinet approved ...

ABU DHABI/AD MEDIA OFFICE For the first time in the Middle East, Abu Dhabi Stem Cells Center (ADSCC) has successfully performed Chimeric Antigen Receptor T-Cell Therapy (CAR-T) for a patient with systemic lupus erythematosus (SLE), marking a step forward in personalised treatment for autoimmune diseases. The breakthrough offers new hope to lupus patients, a condition that causes the immune system ...

ABU DHABI / WAM The Central Bank of the United Arab Emirates (CBUAE) maintained its real GDP growth projections for 2024 at 4.0 percent, accelerating to 4.5 and 5.5 percent in 2025 and 2026, respectively. According to the Quarterly Economic Review – December 2024 issued on Monday by the CBUAE, growth expectations for the current year are driven by growth ...

AJMAN / WAM The Department of Lands and Real Estate Regulation in Ajman announced that 173 real estate valuation transactions were recorded in November, totalling AED598 million and marking a significant increase of 88 percent compared to the same period last year. Omar bin Omair Al Muhairi, Directo-General of the Department, emphasised that the valuations covered commercial, residential, and industrial ...

ABU DHABI / WAM Burjeel Medical City (BMC), the flagship facility under Burjeel Holdings, has unveiled a state-of-the-art Balance Lab within the Burjeel ENT Head & Neck Institute. The new facility is dedicated to the comprehensive diagnosis, treatment, and rehabilitation of balance and vertigo disorders, further strengthening BMC’s advanced offerings in otolaryngology (ear, nose, throat) and head and neck surgery. ...