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 Emirates Nuclear Energy Corporation (ENEC) today announced that its operating and maintenance subsidiary, Nawah Energy Company, has successfully started-up the reactor of Unit 4 of the Barakah Nuclear Energy Plant (Barakah Plant), signifying its world-class expertise in developing and deploying the largest single source of clean electricity in the UAE and wider Arab World. The ...

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) has announced that its General Assembly has approved a cash dividend of AED2.595 billion, 71 fils per share for the fiscal year ending 31st December 2023. This represents an increase from 49 fils per share in 2022, constituting 49 percent of the bank’s net profit for the year. Additionally, ADIB achieved ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Željko Komšić, Chairman of the Presidency of Bosnia and Herzegovina, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, today witnessed the announcement of a partnership between the Mohamed bin Zayed Water Initiative and XPRIZE, with an investment of $150 million to launch the XPRIZE Water Scarcity competition, which has a total prize purse of $119 million. The five-year global competition ...

ABU DHABI / WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors. During the meeting at ADNOC’s headquarters, His Highness reviewed the progress of strategic initiatives across ADNOC’s portfolio as it continues ...

RAS AL KHAIMAH/ WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received today at his palace in the Saqr bin Mohammed City, Dr. Carel Richter, Consul-General of the Kingdom of the Netherlands in Dubai and the Northern Emirates. The RAK Ruler and the Consul-General of the Netherlands discussed ways of bolstering ...

DUBAI/ GULF TIME Lexar, a leading global brand of flash memory solutions, is showcasing its professional imaging product lineup at this year’s Xposure 2024, the leading photo festival in the MENA region, from February 28 to March 5 at the Sharjah Expo Center. At Xposure 2024 Lexar will showcase its complete professional photography and videography portfolio, including its new line-up ...

DUBAI/ GULF TIME Valued at over AED 500 Million, WADI Villas was unveiled at an exclusive preview event by Arista Properties. The project will be set amidst the prestigious Mohammed Bin Rashid Al Maktoum City, District 11, Meydan. It will feature a residential marvel of 30 exclusive villas, featuring luxurious 4, 5, and 6 bedroom mansions. The villas will be ...

DUBAI/ GULF TIME Carrefour, which Majid Al Futtaim owns the exclusive rights to operate in the UAE, has launched its “Prices Lower Than Last Year” Ramadan campaign, offering up to 50 per cent off across popular categories. Promising to make Ramadan shopping budget-friendly, discounts have been applied to 5,000 products including daily essentials, fresh food, kitchen appliances, electronics, and more. ...

DUBAI/ GULF TIME Aafaq Islamic Finance, a leading provider of Shariah-compliant financial products and services, today announced the opening of three new digital branches in Dubai, Sharjah, and Fujairah as part of its expansion strategy in the United Arab Emirates, providing financial products and services in compliance with the provisions of Islamic Sharia. Prospective customers are afforded a seamless onboarding ...