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

Bloomberg Kenya Airways Ltd.’s court-ordered reinstatement of its former finance director threatens to undermine the newly appointed chief executive officer’s bid to overhaul the debt-laden carrier. Alex Mbugua, who was dismissed in January 2016, won a High Court bid to be allowed to return to work or be paid three years’ salary plus compensation. His reinstatement was ordered four days …

Dubai / WAM Emaar Properties on Sunday reported a significant year-on-year increase in both profits and Dubai property sales in the period from January until the end of September. The property recorded AED4.347 billion ($1.184 billion) in net profits in the first nine months of 2017, up 20 percent from AED3.620 billion ($986 million) during the corresponding period of 2016. …

ABU DHABI / WAM A total of AED13.2 billion worth of purchase and sales transactions in shares of First Abu Dhabi Bank (FAB) have been conducted since the merger of the National Bank of Abu Dhabi and First Gulf Bank in April 2017 to create one of the region’s largest banking entities. FAB deals accounted for 17.3 percent of total …

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 …