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

RAS AL KHAIMAH / WAM RAK Properties, one of the UAE’s leading property development and tourism infrastructure companies, has announced its financial results for the first half of 2021. RAK Properties continued its strong performance, with profits increasing during the first half of this year by 348 percent, reaching AED119.8 million, compared to AED26.7 million in the first half of ...

DUBAI / WAM Union Coop, the largest consumer cooperative in the UAE, has opened its 23rd branch in the Jumeirah 1st area at a cost of AED 42 million. A part of its expansion plans, the new branch is set to be an exceptional family destination for residents and visitors of Jumeirah and the surrounding areas. Also, a promotional campaign ...

ABU DHABI / WAM Adnoc Logistics and Services (Adnoc L&S) is the largest and most diversified integrated maritime logistics company in the Gulf. The company, which provides logistics, shipping and marine operations, plays a critical role in enabling the UAE’s oil and gas sector and Adnoc’s goal to maximise value from every barrel of oil it produces, processes, ships and ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Decision No (26) of 2021 on the Board of Directors of the Mohammed Bin Rashid Space Centre (MBRSC) and Decision No. (27) of 2021 on the Board of Trustees of the Mohammed Bin Rashid Al Maktoum Humanitarian and Charity ...

DUBAI / WAM The Ministry of Energy and Infrastructure has reported a 140 percent rise in proceeds during the first half of 2021, a product of its investment in commercial activities and in private sector projects, including leased areas on roads, rest areas and advertising. This growth marks the start of the recovery from the COVID-19 pandemic and the gradual ...

ABU DHABI / WAM Mubadala Petroleum published on Sunday its 2020 Annual Sustainability Report, detailing the company’s approach and impact on key Environment, Social, and Governance (ESG) parameters across its portfolio of assets. As a result of a targeted strategy that embeds its footprint as a responsible, affordable, and long term provider of energy, the company has recorded a 25 ...

ABU DHABI / WAM Hussain bin Ibrahim Al Hammadi, Minister of Education, visited headquarters of National Centre of Meteorology (NCM) in Abu Dhabi, where he was welcomed by Dr Abdulla Al Mandous, Director of the National Centre of Meteorology (NCM) and President of the Regional Association II (Asia), along with senior officials and department directors from NCM. During the visit, ...

ABU DHABI / WAM The UAE National Cyber Security Council (NCSC) launched on Sunday phase one of the “National Bug Bounty Programme”, which aims to enhance the UAE’s cybersecurity systems, reinforce the country’s leading stature in global competitiveness indexes, as well as engage community members and public and private sector entities in the protection of infrastructure. The NCSC announced that ...

Bloomberg Exxon Mobil Corp’s knockout second-quarter results did little to entice investors because much of the extra cash coming from soaring energy and petrochemical prices will be used to pay down debt rather than reward shareholders. The oil giant and rival Chevron Corp swung to their biggest profits since pre-pandemic days, fuelled in large part by stellar performances from their ...

Among the arguments that persuaded British people like me to oppose Brexit was that it would create a raft of new diplomatic headaches the UK does not need, in exchange for an anemic sort of new “freedom.” True, the European Union is a mess: I do not think it can survive into the next decade without radical upheaval. But it ...