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

Bloomberg Hurricane Florence may make gasoline more expensive along the East Coast as drivers fuel up ahead of the storm, while missing key refinery and storage hubs. “Motorists can expect spikes in pump prices to be brief, but possibly dramatic,” Jeanette Casselano, a spokeswoman for AAA, said. “A storm like this typically causes an increase in fuel purchases in the …

Bloomberg European oil majors are looking for more than just deepwater gushers in Brazil. They also plan to profit from the country’s abundant wind and sunshine. Royal Dutch Shell Plc, Total SA and Equinor ASA have all pledged in recent weeks to invest in Brazilian renewables. The push could more than double wind and solar’s share of Brazil’s energy mix …

Bloomberg Bank of Montreal (BOM)’s chief executive officer says he doesn’t need to make another acquisition to meaningfully lift earnings from the US. “If we continue doing the things that we’re doing organically, I could see a third of the bank coming from US earnings,” Chief Executive Officer Darryl White, 47, said. “To get beyond that you’d have to resume …

GULF TIME Vapiano is set to introduce breakfast for the first time in its history across its UAE outlets, marking an exciting new chapter for the international dining brand. The new Vapiano Breakfast Menu has been created to bring a fresh, social, and relaxed international lifestyle experience to the morning dining scene, offering guests a new way to begin their …

NEW WEST ZONE SUPERMARKET LLC, the registered and exclusive owner of the trademark “WEST ZONE” in the United Arab Emirates, hereby declares that  the company has no procurement or marketing branch operating in any of the Emirates in the UAE except “ Dubai”. The public, customers, and suppliers are hereby cautioned not to deal with any entity claiming to represent or belong …

ABU DHABI/WAM The Securities and Commodities Authority (SCA) is calling on investors to collect their dividends through First Abu Dhabi Bank (FAB), the paying agent appointed to handle the process. This comes as a part of its ongoing efforts to protect the rights of shareholders in companies listed on the UAE stock exchanges and ensure they claim any outstanding entitlements …

DUBAI/WAM Capital.com, the high-growth global trading platform and fintech group, has announced it is now offering its customers access to the principal UAE stock markets – becoming one of the first major trading platforms to do so. In a move that reflects the growing interest in the region’s economy, Capital.com is providing full coverage of the Abu Dhabi Securities Exchange …

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, on Tuesday welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE’s first IPO and the exchange’s second offering in 2025, reinforcing the exchange’s commitment to broadening the market and offering …