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

Bloomberg Houston restaurateur Tilman Fertitta is buying the Houston Rockets for $2.2 billion, according to people familiar with the deal. The price would be a new high for the National Basketball Association, breaking the $2 billion Steve Ballmer paid for the Los Angeles Clippers in 2014. Rockets owner Les Alexander announced in July that he was selling the franchise, which …

Bloomberg Falling research prices under MiFID II are leaving asset managers with a problem: the risk of being accused of taking inducements for cheap analysis. The European Union’s regulatory overhaul will force buyside firms to justify the price they pay for analysis once its cost is unbundled from other services such as trading commissions. With banks in the midst of …

Bloomberg With a blanket ban on initial coin offerings, China has sidestepped an issue plaguing regulators worldwide: are such tokens securities? A cross between crowdfunding and an initial public offering, ICOs—which have raised at least $1.25 billion globally so far —are the sale of tokens based on the blockchain, the technology underlying bitcoin. While they at least ostensibly promise 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 …