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 Aldar Properties has completed the sale of a residential building at Mamsha Gardens to Hong Kong-based real estate private equity firm GAW Capital Partners for AED586 million. Marking GAW Capital’s first investment in the UAE, the transaction underscores the growing international appeal of Abu Dhabi’s property market, the Saadiyat Cultural District, and Aldar’s residential portfolio. Located ...

DUBAI / GULF TIME In a strategic expansion set to redefine the future of premium transport, SelfDrive Mobility—the region’s largest mobility tech company and leading car subscription and rental platform—officially announced the launch of OTO, a next-generation chauffeur-driven service. Seamlessly blending advanced technology, sustainable mobility, and luxury vehicles, OTO is now live across the UAE, Qatar and Bahrain, offering an elevated ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (RAKEZ) recently entered into a partnership with Ana Concierge Services to provide its business community with seamless access to premium, personalised concierge solutions. The partnership was finalised through a signing ceremony at Compass Coworking Centre by RAKEZ VAS Director Kutyba Al Issa and Ana Concierge Services Founder and CEO Soumeya ...

ABU DHABI / WAM Sheikh Zayed Grand Mosque Centre witnessed a wide range of activities throughout the Holy Month of Ramadan, attracting large numbers of guests. A total of 1,890,144 worshippers and visitors came to the mosque during Ramadan and the Eid Al-Fitr holiday. Among them, 562,632 worshippers performed prayers at the mosque, including 193,435 for Isha and Taraweeh and ...

ABU DHABI / WAM Abu Dhabi Department of Energy (DoE) has issued Decision No. 14 concerning the Regulation of Gas Works in Buildings. The regulations set forth the mandatory requirements and controls for overseeing all gas operations in buildings throughout Abu Dhabi, including free zones. The regulations seek to raise the level of technical safety in existing buildings and ensure ...

DUBAI / WAM Salik Company, Dubai’s exclusive toll gate operator, on Tuesday announced its financial results for the three-month period ended on March 31 2025 (Q1 2025). Total revenue for Q1 grew by 33.7 percent YoY to reach AED751.6 million. EBITDA for Q1 increased 37.9 percent YoY to AED519.6 million. In Salik’s core tolling business, total chargeable trips reached 158.0 ...

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, has met with Richard Chambers, Chief of Police of New Zealand. The meeting explored avenues for enhancing cooperation in various policing fields, including training methodologies, crime prevention, and exchanging expertise and best practices. The discussions reflected the shared commitment ...

RAS AL KHAIMAH / WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, today received a delegation from the United Kingdom’s Royal College of Defence Studies, led by Philip Parham, Director at the College and former UK Ambassador to the UAE. The meeting was held at His Highness’ palace in the Saqr ...

RIYADH / WAM United States President Donald Trump arrived in Riyadh on Tuesday, marking his first official foreign visit since taking office on 20th January. The Gulf visit begins in Saudi Arabia, followed by Qatar and the United Arab Emirates. Trump’s plane landed at King Khalid International Airport, where he was received by His Royal Highness Prince Mohammed bin Salman ...

DUBAI / GULF TIME Vision Developments, one of the leading UAE real estate developers, announced the launch of two new residential projects, “REEM” and “SOUL,” in Dubai. The move is part of their strategic expansion plan into several promising areas in the emirate and provide housing solutions that meet the aspirations of various segments of society. The “REEM” project is ...