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 United Arab Emirates has expressed its sincere condolences and solidarity with the Republic of Iraq over the victims of a fire at a shopping mall in the city of Kut, which resulted in dozens of deaths and injuries. In a statement, the Ministry of Foreign Affairs (MoFA) expressed its sincere condolences to the families of the victims, ...

BELGRADE/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held talks today with His Excellency Aleksandar Vučić, President of the Republic of Serbia, focusing on various areas of cooperation, particularly in investment, economy, trade, technology, food security, renewable energy, and other sectors that serve the mutual interests and development priorities of both nations. The talks were held as ...

GULF TIME The allure of high fashion swept away Sofia as it played host to a dazzling evening of beauty and elegance. The globally renowned Lebanese designer, Walid Atallah, presented his spectacular Royale Fashion Show on June 27, an exclusive event organized by Palms Royale Sofia, the luxury entertainment complex located within the Grand Hotel Millennium. The evening became a ...

DUBAI/GULF TIME Malabar Gold & Diamonds, the 5th largest jewellery retailer globally with over 400 showrooms across 13 countries and a name synonymous with trust, quality, and timeless craftsmanship, has unveiled Mojawhraty by Malabar, the brand’s latest retail concept dedicated exclusively to Arabic jewellery.   In the GCC region, Mojawhraty by Malabar has launched 6 showrooms; 2 showrooms in the UAE ...

DUBAI / GULF TIME Binghatti, one of the UAE’s fastest-growing leading property developers, has officially launched its first International Sales Boutique in the United Kingdom. The landmark opening took place on July 16th, 2025, in the prestigious district of Knightsbridge on Brompton Road, part of the South Kensington Estate. The ceremony featured a symbolic ribbon-cutting led by Binghatti’s Founder Dr. ...

ABU DHABI / WAM The Abu Dhabi Department of Education and Knowledge (ADEK) has launched its Pre-Departure Week programme to prepare 300 students from ADEK Scholarship programmes for their upcoming academic journeys abroad. Held in collaboration with 25 national and international partners, the programme equips students with the skills, knowledge, and mindset needed to represent the UAE with pride and ...

ABU DHABI / WAM The loading of the eighth UAE aid ship, Khalifa, began on Wednesday at Khalifa Port in Abu Dhabi. Once loading is complete, the vessel will sail to Al Arish Port in Egypt in preparation for delivering humanitarian aid to the Gaza Strip. This initiative forms part of the United Arab Emirates’ ongoing commitment to supporting the ...

ABU DHABI / WAM The Federal Tax Authority (FTA) confirmed an increase in the number of beneficiaries from the Corporate Tax Late Registration Penalty Waiver initiative applicable to Taxable Persons and certain categories of Exempt Persons required to register with the FTA who were late in submitting their Corporate Tax registration applications within the deadline. The FTA clarified that in ...

ANKARA / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan arrived at the Presidential Palace in Ankara as part of his state visit to the Republic of Türkiye. His motorcade was received by Turkish President His Excellency Recep Tayyip Erdoğan. An official reception was held for His Highness upon his arrival. He was escorted by a procession ...

DUBAI/WAM The Ministry of Finance has launched the federal general budget cycle for the 2027–2029 period, marking a new step in the continuous development of the government’s financial system. The move aims to enhance fiscal sustainability and aligns with the wise leadership’s vision for a more flexible and innovative future. This new cycle reflects the evolution of the general budget ...