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

DUBAI / WAM Commercial Bank International (CBI) announced financial results for first six mon- ths of 2018, with net profit up 55 percent to AED81 million, compared to AED52 million in H1 2017. Operating profits were up 6 percent to AED194 million, from AED183 million during same period last year. Mohammad Sultan Al Qadi, Chairman of CBI, said, “The strong …

JAKARTA / WAM The Emirates Authority for Standardisation and Metrology (ESMA) has signed a Memorandum of Understanding (MoU) with Indonesia’s National Standardisation Agency (BSN) and National Accreditation Committee (KAN) to officially recognise halal certificates issued by KAN. ESMA Director-General Abdulla Abdul Qader Al Maeeni told Salaam Gateway, which is a joint effort between Dubai Islamic Economy Development Centre and Thomson …

Bloomberg Total SA raised its production target for the second time this year, accelerating its emergence from the oil slump as rising prices deliver a surge in profit. While the return of US sanctions on Iran derailed a major gas endeavor of the French energy giant, the move also boosted oil prices just as Total reaped the benefits of project …

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 …