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

DUBAI / WAM The Emirates Group released its 2023-24 annual Report, hitting new record profit, revenue, and cash balance levels. Both Emirates and dnata saw significant profit and revenue increases in 2023-24, as the Group expanded its operations around the world to meet strong customer demand for its high-quality products and services. For the financial year ended March 31 2024, ...

ABU DHABI / AD MEDIA OFFICE The Department of Community Development (DCD)- Abu Dhabi has signed an agreement with Fazaa, an initiative that is part of the Social Solidarity Fund for employees of the Ministry of Interior and UAE’s Government sector. This collaboration will provide customised services and value-added benefits to youth who are about to get married and are ...

DUBAI / WAM The UAE has once again been recognised as the global leader in Fibre to the Home (FTTH) penetration. This marks the eighth consecutive year the country has held this top position with a penetration rate of 99.3 percent, as reported by the FTTH Council in its latest annual report. The report analysed data from 20 countries that ...

ABU DHABI / WAM Adnoc Drilling Company announced record first-quarter revenue and EBITDA for the period ending on March 31,2024. Adnoc Drilling has exceeded market expectations again this quarter, the third in a row, with revenue increasing to $886 million, up 24% year-on-year. The Offshore Jack-up and Oilfield Services (OFS) segments drove revenue growth, increasing 51% and 16% respectively year-on-year. ...

ABU DHABI / AD MEDIA OFFICE Under the patronage of Her Highness Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood (SCMC), Supreme Chairwoman of the Family Development Foundation (FDF) and the Mother of the Nation, Sheikha Fatima bint Hazza bin Zayed Al Nahyan, Chairwoman of the Board of ...

DUBAI/GULF TIME In a significant move for advancing space technology and industry in the Middle East, Alpha MBM Investments, a private investment office of Sheikh Mohammed Bin Maktoum Bin Juma Al-Maktoum, a member of the Dubai Royal family, has made an investment of US$25 million in Aspace International Holdings Limited. This investment, made in March 2024 at a valuation of ...

ABU DHABI/ GULF TIME Bloom Holding, one of the UAE’s foremost real estate development companies, and LEAD Development, a leading real estate developer in the UAE, announced a joint venture agreement with Spain´s high-end residential developer, Mabel Real Estate, a division of Mabel Capital, to co-develop a luxury residential project in Spain. This strategic partnership, which brings together leading players ...

ABU DHABI / AD MEDIA OFFICE The department of culture and tourism – Abu Dhabi (DCT Abu Dhabi) has spearheaded several successful programmes and partnerships in 2023, which aim to fulfil its mandate to promote, protect and progress the emirate’s heritage and culture. Among the programmes, specifically within earthen heritage, DCT Abu Dhabi partnered with So-Hath/100 Hands Foundation as part ...

DUBAI / WAM The Food Innovation Conference 2024 is set to kick off on May 13 in Dubai. The event, running until May 15, is organised by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) and the World Economic Forum (WEF), under the theme “Reimagining Future Food Systems”. Hosted at the Museum of the Future and Emirates Towers in Dubai, ...

DUBAI / GULF TIME Interiors, a leading name in home furnishing presented their key design focus for the month with the Bernardt Collection, a testament to serene living spaces infused with modern rustic charm. With meticulous attention to detail and a focus on organic purity, the collection includes the Sereno range which redefines contemporary interior design, offering a harmonious blend ...