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 The UAE air defences on Thursday intercepted 15 ballistic missiles and 11 UAVs launched from Iran. Since the start of the blatant Iranian attacks, UAE air defences have intercepted 372 ballistic missiles, 15 cruise missiles and 1,826 UAVs. The attacks resulted in the martyrdom of two members of the armed forces while performing their national duty, in addition …

DUBAI / GULF TIME Hala, Dubai’s most convenient e-hailing taxi solution, has wrapped up its Ramadan initiative raising AED 300,000 to support its Captains during the Holy Month of Ramadan. Launched in partnership with Careem, Hala matched every customer tip, while also facilitating the distribution of over 17,000 iftar meals. At a time when the region comes together with a …

DUBAI / GULF TIME Talabat UAE has launched a new initiative to support homegrown restaurants by providing 100 cloud kitchen spaces rent-free until September 2026. The program is designed to help homegrown brands built in the UAE continue reaching customers, serving their communities, and focusing on growth. Restaurants play a central role in the UAE’s economic and social landscape, supporting …

DUBAI / GULF TIME The world is going through difficult times. Across the GCC, homegrown brands with genuine potential are struggling — not because their products aren’t good enough, but because they don’t have the platform to prove it. Citron built that platform. The Dubai-born kids’ lifestyle brand started in 2017 as a single lunchbox made by a mum who …

DUBAI/ WAM The Annual General Meeting (AGM) of the Emirates Central Cooling Systems Corporation PJSC (Empower), held with a quorum of 85 percent of the company’s paid-up share capital, approved the Board of Directors’ proposal to distribute cash dividends of AED437.5 million (4.375 fils per share equivalent to 43.75% of the company’s paid-up capital) to shareholders for second half of …

DUBAI / WAM Further to the announcement made on 28 November 2025 regarding the strategic partnership between RAKBANK and Network International (Network), the transaction has now successfully closed following all required approvals from the Central Bank of the UAE. As part of the partnership, Network will provide its state-of-the-art payment solutions to serve RAKBANK’s customers across SMEs and large corporates, …

ABU DHABI / WAM Researchers at NYU Abu Dhabi have discovered new large-scale waves moving deep inside the Sun, driven by magnetic fields far below the surface. These waves provide a window into parts of the Sun that are otherwise inaccessible, giving scientists a new tool to study how its magnetic field is formed and evolves over time. In the …

ABU DHABI / WAM The National Centre of Meteorology (NCM) expects that today’s weather will be partly cloudy to cloudy, with some convective clouds, accompanied by heavy rainfall over most areas of the country at intervals, and a drop in temperatures. In a statement, the Centre noted that winds will be southeasterly to northeasterly at 15 to 30, reaching up …

ABU DHABI / WAM The Central Bank of the United Arab Emirates (CBUAE) has seen its gold reserves rise by 13.6 percent in January 2026 to a new record of AED43.051 billion at the end of the month, compared to AED37.902 billion at the end of December 2025, an increase of AED5.149 billion, according to the bank’s monthly statistical bulletin …

DUBAI / WAM Dubai has achieved its highest-ever ranking in the Global Financial Centres Index (GFCI), climbing to seventh place globally, underscoring the emirate’s accelerating rise as one of the world’s most influential financial hubs and its importance in the global financial system. This remarkable achievement is a key step in Dubai’s ambitious goal to rank among the top four …