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

DUBAI / Reuters The non-oil part of the United Arab Emirates economy is expected to grow as much as 3 percent this year, accelerating from 2.7 percent last year, the central bank said. “The recent improvement in oil prices has shed a positive sentiment on the economic activity in the non-oil sector and boosted economic confidence,” it said in a …

ABU DHABI / WAM Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) successfully listed its shares on the Abu Dhabi Securities Exchange (ADX) on Wednesday following a bell ringing ceremony led by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO and Hamad Al Shamsi, Chairman of the ADX. ADNOC Distribution is currently traded …

LONDON / WAM UAE-based oil services company Petrofac announced on Wednesday the winning of a $160 million contract from the Basra Oil Company (BOC), formerly known as the South Oil Company, in southern Iraq. The contract, awarded to Petrofac’s Engineering and Production Services, EPS, division, is for BOC’s Iraq Crude Oil Export Expansion Project, ICOEEP. Petrofac has a five-year record …

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 …