The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.

DUBAI / WAM Autoworld International FZCO, the regional distributor for India’s Bajaj Auto Ltd, has announced an investment of AED45 million to develop a new logistics and distribution hub in the Jebel Ali Free Zone (Jafza). The facility will enhance Autoworld’s ability to serve rapidly growing markets across Africa and the Middle East. The agreement was officially signed in the ...

ABU DHABI / WAM Mubadala Investment Company announced its agreement to acquire a 30 percent stake in Loscam International, a provider of pallet pooling and returnable packaging solutions across the Asia-Pacific region. Mubadala will join the existing shareholder group alongside Trustar Capital, the private equity affiliate of CITIC Capital Holdings Limited; FountainVest, one of Asia’s leading independent private equity firms; ...

ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, discussed cooperation between the UAE and the International Atomic Energy Agency (IAEA), as well as ways to enhance it across various fields, during a phone call with IAEA Director-General Rafael Grossi. During the call, H.H. Sheikh Abdullah reiterated the UAE’s support ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Paul Kagame of the Republic of Rwanda on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al ...

DUBAI / GULF TIME W Capital ,Dubai’s leading real estate brokerage , announced that the emirate’s real estate market recorded exceptional sales during the first half of this year, exceeding AED 326 billion, amid continued strong momentum and high levels of local and foreign demand. The company’s findings  depended on official data issued by the Dubai Land Department, which showed ...

ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today announced the appointment of Saeed Mubarak Rashid Al Hajeri as Chairman of the Board of Directors of the Emirates Drug Establishment. Al Hajeri brings a wealth of experience and expertise to this critical role. ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Félix Tshisekedi of the Democratic Republic of the Congo on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed ...

ABU DHABI/WAM New data released by the Statistics Centre – Abu Dhabi (SCAD) showed that Abu Dhabi achieved a 7.5 percent growth in population in 2024, reaching a total of 4,135,985 people. This growth rate substantially exceeds that of established international financial centres, reflecting Abu Dhabi’s strengthened position as a preferred destination for international professionals, investments, and businesses. The emirate’s ...

ABU DHABI/WAM Zayed University (ZU) has joined more than 90 leading institutions worldwide as a member of the Digital Education Council (DEC), a global community dedicated to advancing AI literacy, responsible digital transformation, and innovation in education. ZU is the first university from the UAE to join the DEC, marking a significant milestone in the universities strategic vision to equip ...

AL AIN/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today offered his condolences on the passing of Mohammed Mubarak Ali Al Salmeen Al Mansoori, along with his son and daughter, during a visit to the family’s condolence majlis in Al Ain. His Highness offered his sincere condolences to the family, praying for God to grant the deceased ...