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

Bloomberg Macy’s Inc. CEO Jeff Gennette says the holiday season is off to a strong start, helped by a surge in outerwear sales. The retailer had sold 200,000 coats during Black Friday morning itself, Gennette said in an interview. And he expects to ring up a million coats, sweaters and fleeces during the long weekend. The outlook suggests that Macy’s …

Bloomberg The airport in Bali will remain closed for a second day as a volcano on the Indonesian island continued to rumble, prompting more flight cancellations while authorities scrambled to assist stranded passengers. The Ngurah Rai International Airport at the popular Asian tourist spot will be shut until 7 am on Wednesday, Sutopo Purwo Nugroho, a spokesman for Indonesia’s National …

Bloomberg All OPEC members support extending their oil production cuts until the end of 2018, although Russia hasn’t yet committed to the proposal bef- ore Thursday’s meeting in Vienna, said people familiar with the matter. While Russia and the Organization of Petroleum Exporting Countries have crafted the outline of a deal to continue their curbs for nine months beyond the …

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 …