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

DUBAI / WAM TECOM Group today announced a 15% year-on-year (YoY) increase in net profit to AED293 million for the three-month period ended 31st March 2024 (Q1). EBITDA for the first three months of the year increased 10% YoY to AED439 million, while EBITDA margins remained at a healthy 78%. TECOM stated that EBITDA rose on the back of robust ...

DUBAI / WAM The Dubai Financial Market (DFM) and SIX, the Swiss Financial Market Infrastructure Group, announced the signing of a collaboration agreement during the second edition of the Capital Market Summit. The partnership underscores a shared commitment to exploring and implementing collaborative initiatives aimed at fostering mutual growth and innovation in the global financial landscape. Furthermore, the agreement includes ...

SHARJAH / WAM Dana Gas has announced that production at the Khor Mor facility in the Kurdistan Region of Iraq (KRI) has been restored to normal levels. In a statement on Friday, Dana Gas said that the facility’s daily production output capacity now exceeds 500 million standard cubic feet (MMscf) of gas, 1,100 metric tons (MT) of LPG and 15,000 ...

ABU DHABI / WAM NMDC Group has announced its financial results for the first quarter of 2024 (Q1 2024), reporting a 67% growth in revenues and a 112% surge in net profits compared to the same period last year. In addition, NMDC Group announced the launch of new projects and the commencement of strategic initiatives, highlighting the company’s competitive standing ...

DUBAI / WAM The PrecisionMed Exhibition & Summit (PMES) returns to the UAE for its third edition between 8th to 9th May at the Dubai World Trade Centre. The event is supported by the Ministry of Health and Prevention (MoHAP), the Department of Health – Abu Dhabi (DoH), and the Dubai Health Authority (DHA). Promising an influential line-up of events, ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President abd Prime Minister, issued Decision No. (24) of 2024 forming the Board of Directors of the Dubai Racing Club, chaired by Sheikh Rashid bin Dalmook bin Juma Al Maktoum. Members of the Board include Khalifa Thani bin Abood Al ...

VIENNA / WAM The latest economic figures confirm that UAE-Austrian relations have reached distinguished levels, as Emirati exports to Austria, including crude oil, aluminium products, machinery, and electrical appliances, increased by 20.6 percent in 2023, totalling €235.9 million in value. In the same year, Austrian exports to the UAE, including machinery, mechanical appliances, boilers, and measuring devices, increased by 23.5 ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received a cable of condolence from Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, on the passing of Sheikh Tahnoun bin Mohammed Al Nahyan. The Egyptian President expressed his sincere condolences to the leadership and people of the UAE, praying to God Almighty to bestow ...

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received condolences on the death of Sheikh Tahnoun bin Mohammed Al Nahyan from H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah; H.H. Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain; and H.H. ...

ABU DHABI / WAM Khalifa University of Science and Technology announced it has jumped five slots to be ranked top in the UAE and 40th in Asia in the Times Higher Education (THE) Asia University Rankings 2024, which has evaluated 739 universities from 31 countries/territories. Khalifa University also jumped four places to be ranked 2nd among Arab universities mentioned in ...