Employers exempt from late payment fines in October, November: GPSSA

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) has exempted employers in the federal, government and private sectors from incurring fines for late contribution payments due for October and November 2024. This exemption follows a circular issued by GPSSA to employers across sectors to mark the launch of the Ma’ashi platform. According to Article No 13 ...

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Yalla Group reports AED326.5 million in Q3 revenue

DUBAI / GULF TIME Yalla Group Limited, the largest Middle East and North Africa (MENA)-based online social networking and gaming company, on Tuesday announced strong financial results for the third quarter of the fiscal year 2024 ending on September 30 2024. According to the financial data, the company has posted a 4.4% revenue increase, reaching AED 326.5 million ($88.9 million), ...

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Adnic achieves net profit before tax of AED342.5mn in 9 months

ABU DHABI / WAM Abu Dhabi National Insurance Company (ADNIC) announced its financial results for the first nine months of 2024, reporting a net profit before tax of AED342.5 million, highlighting the company’s solid financial performance and successful execution of key strategic growth initiatives. Following Adnic’s successful acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company (ASF) ...

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UAE leaders congratulate new President of Botswana

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Duma Gideon Boko on being sworn in as President of the Republic of Botswana. 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 ...

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Aleph expands strategic partnership with Reddit into MENA to engage advertisers in the Kingdom of Saudi Arabia, the United Arab Emirates and Egypt

GULF TIME Aleph, a global network of digital experts and technology driven solutions that enables the growth of the digital ecosystem, is strengthening its partnership with Reddit to support the growth of advertisers and agencies across the Kingdom of Saudi Arabia, United Arab Emirates and Egypt. The expansion into the Middle East and Gulf Region comes after Aleph’s successful launch ...

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SAIF Zone, EMX sign pact for logistics warehouse

SHARJAH/GULF TIME The Sharjah Airport International Free Zone (SAIF Zone) has signed a lease agreement with EMX, the logistics arm of 7X, for the lease of their new 6500 square-foot logistics warehouse. The agreement was signed by HE Saud Salim Al Mazrouei, Director of SAIF Zone, and Tariq Alwahedi, General Manager of EMX, during a ceremony attended by officials and ...

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M42 highlights healthcare prevention advancements at UK’s Longevity Forum

ABU DHABI / WAM M42, a global health leader powered by artificial intelligence (AI) and technology, has called on healthcare, technology and academic leaders to join it in the battle against disease by shifting the focus of the healthcare industry from sickness to prevention, in a keynote speech by its Managing Director and Group Chief Executive Officer, Hasan Jasem Al ...

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