Matter of Fact: May 11, 2023

Gulf News wrongly reported/published the following:

The sentence: “Dh28b accumulated losses of Union Properties or 67.7% of the capital.” It was part of the page 8 report, ‘Union Properties reports Q1 net profit of Dh12.3 million’, Business section, published on May 11. It should have read as: “Dh2.8b accumulated losses of Union Properties or 67.7% of the capital.”

We apologise for the error and any inconvenience it might have caused.

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If there is an error in the newspaper, we will correct it promptly and fully.

If you come across any factual errors, mistakes or inaccuracies, please let us know at readers@gulfnews.com