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

Bloomberg After years of being sidelined by New Jersey Governor Chris Christie, wind farm developers are dusting off plans for massive offshore turbines that may someday generate more electricity than a nuclear reactor. Christie, a Republican whose term ends in January, effectively blocked wind farms off his state’s coast by never fully implementing a program that would subsidize the projects. …

Bloomberg China’s push for better air quality is proving a bonanza for global steelmakers. Nippon Steel & Sumitomo Metal Corp., Japan’s biggest producer, enjoyed a nine-fold surge in first-half profit as China’s crackdown on pollution and bloated industrial capacity lifted prices to the highest level in more than five years. Posco, the largest Korean mill, said it expected to reap …

Bloomberg Nissan Motor Co. conducted vehicle inspections that don’t comply with Japanese regulations for almost four decades, raising questions about the company’s internal controls. The company’s manufacturing division likely will take responsibility for the process, according to a person familiar with the situation who asked not to be identified because the information isn’t public. The regimen, which the government deemed …

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 …