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

DUBAI/WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued law No. (20) of 2024 pertaining to the creation of Mada Media Company, a private joint-stock company (PJSC), to manage and operate advertising sites in Dubai. According to the law, the newly launched company ...

VIENNA/GULF TIME Beneath the elegant rooftops and baroque façades of the classical and charming city of Vienna, where history whispers through every cobblestone, Almanac Palais Vienna boutique hotel stands as a testament to the city’s timeless allure. Launched in March 2023, the two palaces that span today the boutique hotel, were known as Palais Henckel von Donnersmarck and the Palais ...

DUBAI/GULF TIME Danube Properties, the UAE’s fastest-growing private real estate developer, has unveiled two new ambitious projects. BAYZ102, a towering 102-level skyscraper, will be the tallest in Danube’s portfolio and further solidify Dubai’s status as the City of Skyscrapers, alongside renowned landmarks like the Burj Khalifa, Marina 101, and Princess Tower. The second project, Oasiz, aims to deliver affordable luxury, ...

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday visited His Majesty King Hamad bin Isa Al Khalifa, King of the Kingdom of Bahrain, at his residence in Abu Dhabi. The King is currently on a private visit to the UAE. His Highness and His Majesty discussed the close and longstanding ties between the UAE ...

ABU DHABI/WAM AD Ports Group has awarded Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) contracts worth over AED420 million to supply six ship-to-shore (STS) cranes and 17 hybrid rubber-tyred gantry (RTG) cranes for deployment at its terminal projects in New East Mole Terminal, Pointe Noire, Republic of the Congo, and Noatum Ports, Luanda Terminal, Angola. This initiative is part of ...

DUBAI/WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai Executive Council, has issued Executive Council Resolution No. (50) of 2024, which pertains to the creation of a unified Dubai population registry aimed at providing comprehensive real-time data on Dubai’s residents. The registry seeks to centralise ...

DUBAI/WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, Chairman of Dubai Executive Council, and Chairman of the Higher Committee for Future Technology and Digital Economy, today attended the opening of the inaugural edition of the Dubai AI & Web3 Festival. The two-day Festival, organised by the Dubai AI ...

ABU DHABI/WAM The Central Bank of the UAE (CBUAE) revealed that total gross banks’ assets, including bankers’ acceptances, rose by 0.5 percent from AED4,287.0 billion at the end of May 2024 to AED4,310.2 billion at the end of June 2024. In its Monetary and Banking Developments for June 2024, the central bank said Gross credit grew by 1.1 percent from ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended a ceremony organised by the Mohammed Bin Rashid Center for Leadership Development (MBRCLD) to mark the completion of 20 years since its establishment. The ceremony was also attended by HH Sheikh Hamdan bin Mohammed bin Rashid ...

DUBAI/WAM The Dubai AI and Web3 Festival opened on Wednesday at Madinat Jumeirah, bringing together 6,000 participants from 100 countries. The event aims to highlight Dubai’s leading role in advancing the digital economy and AI applications globally. The event, organised by Dubai AI Campus – a Dubai International Financial Centre (DIFC) initiative – will explore the commercial and economic potential ...