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

Bloomberg Starbucks Corp. Chairman Howard Schultz sees a blessing in all the empty storefronts across the US. Facing a crush of vacancies—and the rise of e-commerce—retail landlords are beginning to cut rents, the executive said. That stands to benefit the world’s largest coffee chain, which has more than 14,000 US locations. “Over the last few weeks, I have been in …

Bloomberg FedEx Corp. is maintaining discounts for members of the National Rifle Association, even as calls for a boycott mount on social media after a deadly school shooting in Florida. The courier said it “has never set or changed rates for any of our millions of customers around the world in response to their politics, beliefs or positions on issues.” …

Bloomberg US stocks rose, Treasuries fluctuated and the dollar advanced as investors weighed comments by Federal Reserve Chairman Jerome Powell saying the central bank won’t rush to raise rates even though the economy should pick up steam. Powell’s testimony signalled optimism in economy, while data on durable orders fell well short of estimates and the US balance of trade worsened. …

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 …