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 Central Bank of the UAE (CBUAE) revealed in a report issued today an increase in cash deposits to AED725.8 billion in February 2024, with an annual increase of 11 percent or the equivalent of AED71.2 billion, compared to AED654.6 billion in February 2023. The Central Bank’s cash aggregates statistics explained that cash deposits increased on a ...

DUBAI/ GULF TIME Catrice Cosmetics is thrilled to unveil its latest beauty innovation—the “Clean Girl” makeup look, designed to highlight natural beauty with a touch of elegance. This trend is perfectly captured using our new essential products: the Glossin’ Glow Tinted Lip Oil, Curl It Volume & Curl Mascara, Soft Glam Filter Fluid, and the Clear & Fix Transparent Brow ...

DUBAI / GULF TIME Yalla Group Limited, the largest Middle East and North Africa (MENA)-based online social networking and gaming company, has entered into a collaboration with the Dubai Festivals and Retail Establishment (DFRE) for the third Dubai Esports and Games Festival (DEF). The partnership marks a significant milestone for Yalla as it merges with one of its flagship products, ...

RIYADH/ WAM The Kingdom of Saudi Arabia and the Islamic Republic of Mauritania have signed a Memorandum of Understanding to cooperate in the electricity, renewable energy, and clean hydrogen sectors to achieve both countries’ interests. According to the Saudi Press Agency (SPA), the MoU was signed by the Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz and the ...

ABU DHABI / WAM Sultan Mohammed Al Shamsi, Assistant Minister of Foreign Affairs for Development Affairs and International Organisations, received a copy of credentials of Bérangère Boëll-Yousfi, United Nations Resident Coordinator for the UAE. Al Shamsi wished the newly appointed UN Resident Coordinator success in her duties and affirmed the UAE’s keenness to enhance its partnership with the United Nations ...

ABU DHABI / WAM The AED8.89 billion ($2.42 billion) refinancing of the UAE’s Barakah Nuclear Energy Plant has been selected as the ESG Loan Deal of the Year by the prestigious Bonds, Loans & Sukuk Middle East Awards. Barakah One Company, the financing and commercial subsidiary of the Emirates Nuclear Energy Corporation (ENEC), achieved groundbreaking refinancing with the participation of ...

ABU DHABI / WAM Minister of Industry and Advanced Technology and COP28 President Dr Sultan Al Jaber addressed the ‘First Meeting of the Board of the Fund for responding to loss and damage’ and urged Parties to “build on progress” and deliver “lasting, positive, socio-economic impact” to help the most vulnerable to climate change. During his address, Dr Al Jaber ...

RIYADH / WAM The Ministry of Finance participated in the 2024 Islamic Development Bank (IsDB) Group Annual Meetings held in Riyadh, Saudi Arabia. This year’s annual meetings coincided with the Golden Jubilee of IsDB, marking the bank’s 50th anniversary since its establishment. The Board of Governors and General Assemblies are the IsDB Group’s highest decision-making bodies. The annual meetings, held ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, received today at Qasr Al Watan in Abu Dhabi, HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah. During their meeting, the two sides engaged in fraternal discussions and deliberated on various topics ...

FUJAIRAH / WAM H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, has issued Emiri Decree No. 2 of 2024 pertaining to the establishment of the Fujairah Business Women Council. Sheikh Hamad also issued Resolution No. 6 regarding the formation of the Board of Directors of the Fujairah Business Women Council under chairmanship of Aisha ...