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

DUBAI / WAM A total of 1,131 real estate and property transactions valued at AED3 billion were registered during the week ending March 24. As many as 115 plots were sold for AED548.96 million, 721 apartments and villas were sold for AED1.25 billion. The top three transactions were a land in Palm Jumeirah sold for AED55 million, followed by a ...

ABU DHABI / WAM Abu Dhabi’s Mubadala Investment Company, one of the world’s leading sovereign investors, and the Department for International Trade and the Prime Minister’s Office’s recently-established UK Office for Investment (OfI), on Wednesday signed a long-term investment agreement. This is the first agreement of its kind for the UK and the Office for Investment and will deepen existing ...

Abu Dhabi / Emirates Business Etisalat on Wednesday announced its successful participation at the 5G Mena 2021 Digital Symposium headlining eminent speakers sharing insights on the transforming communication landscape and immense opportunities in the 5G landscape. The digital symposium took place virtually bringing together telecom representatives, operators, manufacturers and regulators in an effort to address all the stakeholders of the ...

Abu Dhabi / Emirates Business Etisalat on Wednesday announced its successful participation at the 5G Mena 2021 Digital Symposium headlining eminent speakers sharing insights on the transforming communication landscape and immense opportunities in the 5G landscape. The digital symposium took place virtually bringing together telecom representatives, operators, manufacturers and regulators in an effort to address all the stakeholders of the ...

Abu Dhabi / WAM The United Arab Emirates is mourning the death of HH Sheikh Hamdan bin Rashid Al Maktoum, who passed away on Wednesday aged 76. HH Sheikh Hamdan witnessed all stages of the UAE’s journey and tremendously contributed to the national development drive. He was one of the country’s leaders and participated in its renaissance and in designing ...

DUBAI / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and Director General of Expo 2020 Dubai, has said that Expo 2020 Dubai and its employees offer their sincere condolences to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai and the Ruling Family, on the sad ...

ABU DHABI / WAM Abu Dhabi Commercial Bank (ADCB) recommended a cash dividend of AED 0.27 per share, translating to a pay-out of AED1.878 billion, or 49% of the net profit for 2020. This came as the ADCB held on Wednesday its 36th Annual General Assembly virtually, in its head office building in Abu Dhabi. The meeting was chaired by ...

Al AIN / WAM The College of Medicine and Health Sciences in United Arab Emirates University (UAEU), and Burjeel Hospital & VPS Healthcare, will cooperate to develop updated evidence-based medical education programmes, following the signing of a Memorandum of Understanding (MoU). Zaki Nusseibeh, Cultural Advisor to HH the President of UAE, Chancellor of the UAEU, witnessed the signing ceremony between ...

Bloomberg The blockage of the Suez Canal by a giant container vessel is likely to send ripples of disruption through the global energy supply chain. European and US refiners that rely on the vital waterway for cargoes of Middle Eastern oil may be forced to look for replacement supplies should the blockage persist, potentially boosting prices of alternative grades. At ...

Bloomberg One of the last countries in the world to support coal-fired generation overseas is considering financing new capacity in Bangladesh. The Japan International Cooperation Agency (JICA) said in an email it’s conducting an environmental and social impact assessment for an expansion to the Matarbari power plant. JICA already agreed to finance the first 1.2 gigawatt phase of the project that ...