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 Multiply Group on Wednesday reported full-year 2023 results with a net profit excluding fair value changes of AED1.1 billion, 2.4x last year. Robust underlying profit growth was led by strong operational performance, higher investment income and increased share of profit from Kalyon JV. The reported net profit, including unrealised fair value changes on the market volatility ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, on Wednesday received UAE astronauts Dr Sultan Al Neyadi, Minister of State for Youth, Hazzaa AlMansoori and the team of the “Zayed Ambition 2” mission from the Mohammed Bin Rashid Space Centre (MBRSC), led by Salem Humaid AlMarri, Director-General of the Centre. During the meeting, ...

ALAIN / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday attended the graduation ceremony of the 48th cohort of cadet officers of the Zayed II Military College in Al Ain, in the presence of HH Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of ...

DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today met with a number of high-ranking military officials from the UAE and other nations, who attended the graduation ceremony of the 48th cohort of cadets of the Zayed II Military College. During the meeting, held at the College’s headquarters in Al ...

DUBAI/ GULF TIME The all-new Centrepoint store boasts a wealth of features that position it as the ultimate customer-centric retail experience that brings together the best of the online and offline worlds, and where convenience is paramount. The aim is to encourage customers to “shop different” at their favorite store. The interior design boasts a modern and fresh layout with ...

DUBAI/ GULF TIME Celebrity Cricket League (CCL) sponsored by Danube Properties is set to make history by hosting its opening matches in the UAE for the first time, marking a significant milestone for the renowned sportainment spectacle. The 10th season of CCL, known for its unique blend of sports and entertainment, will kick off the Opening weekend in the United ...

DUBAI/ GULF TIME The oil and gas industry is crucial for providing global energy, but it faces a constant problem, corrosion. According to a study by NACE, corrosion costs the industry around $1.372 billion every year. To break it down, $589 million goes to surface pipeline and facility costs, $463 million for yearly downhole tubing expenses, and an extra $320 ...

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan issued a Federal Decree appointing Mohammed Abdul Rahman Al Hawi as Undersecretary of the Ministry of Investment. Al Hawi held a number of leadership positions in investment sector, including the Director of Economic Development at the Executive Council of Dubai, following his role as a Vice President ...

ABU DHABI/ WAM Alef Education, a UAE-based global leader in education technology, announced a strategic collaboration with MetaMetrics®, the US-based developer of the Lexile® Framework for Reading, to launch an Arabic reading scale to improve the literacy skills of approximately 100 million K-12 Arabic speakers across the Middle East and North Africa. This collaboration aims to provide native Arabic speakers ...

ABU DHABI/ WAM Abdulrahman Al Seiari, ADNOC Drilling’s CEO, today said that the company will continue its strategic plans during 2024, with its plans for further fleet expansion, decarbonisation initiatives, its newly created joint venture (JV) with Alpha Dhabi, and regional expansion. In a statement to the Emirates News Agency (WAM), Al Seiari said, “ADNOC Drilling is looking forward to ...