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

DHAHRAN/WAM Aramco has signed an $11 billion lease and leaseback deal involving its Jafurah gas processing facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock. Jafurah is the largest non-associated gas development in the Kingdom of Saudi Arabia, estimated to contain 229 trillion standard cubic feet of raw gas ...

  ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to Sen Sōshitsu XV, Head of the Urasenke school of tea ceremony, over the passing of his father Dr. Sen Genshitsu, the 15th Grand Master of the Urasenke school of Japanese tea ceremony and former grand tea master.

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, discussed brotherly relations and ways to enhance cooperation in various fields to serve shared interests during a phone call today. Their Highnesses also reviewed ...

RAS AL KHAIMAH / WAM RAK Ceramics PJSC announced its financial results for the second quarter ended on 30th June 2025. Total revenue increased by 6.4% YoY to AED826.8 million and by 2.9% to AED1.6 billion in H1 2025 as a result of strong demand from the UAE and Middle East as well as effective cost management. In Q2 2025, ...

GAZA / WAM The UAE, in cooperation with the World Health Organisation (WHO) in the Gaza Strip, has delivered a shipment of medicines and medical supplies to the health sector, as part of Operation Chivalrous Knight 3. The aid will be distributed to hospitals and medical facilities to help address acute shortages and strengthen their ability to respond to emergencies. ...

DUBAI /WAM DP World on Thursday announced strong financial and operational results for the first half of 2025, underlining the resilience of its integrated global trade platform amid ongoing geopolitical and economic uncertainty. Revenue grew by 20.4% year-on-year to $11,244 million, driven by strong performance across Ports & Terminals and recent acquisitions. Adjusted EBITDA rose 21.4% to $3,033 million, while ...

ABU DHABI / GULF TIME UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan took to the social media platform X on Thursday to extend his condolences over the passing of Japanese tea master Dr Sen Genshitsu. His Highness Sheikh Mohamed said, “I extend my deepest condolences over the passing of Dr Sen Genshitsu, who served as a steadfast ...

CAPE TOWN / WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, led the UAE delegation to the Africa Water Investment Summit, held from 13th-15th August in Cape Town, South Africa. The delegation also included Abdulla Balalaa, Assistant Minister of Foreign Affairs for Energy and Sustainability Affairs. ...

DUBAI/GULF TIME Meraki Developers has announced the successful on-schedule handover of The Haven, a landmark residential community located in Majan, Dubailand. This delivery underscores the developer’s commitment to providing a high-quality living experience to residents, who will call The Haven their home. The units are beautifully designed, maximising living spaces with elegant, warm aesthetics, appealing both to the young as ...

DUBAI / GULF TIME Union Insurance Company, a leading provider of innovative customer-focused insurance solutions to individuals and organisations in the UAE, announced a remarkable 76% increase in net profit for the first half of 2025 compared to the same period last year. The significant growth in net profit after tax for H1 2025 to AED22.7 million was driven by ...