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

TUNIS / Reuters Libya’s National Oil Corporation (NOC) said it was investigating security violations that had taken place in recent days at Sharara oil field, the country’s largest. The NOC gave no detail of the incidents in a statement released late on Sunday, but said the head of security at the field had reported that the breaches were due to …

DUBAI / Reuters Saudi Arabia’s Jabal Omar Development Co, one of the largest listed property developers in the country, plans to raise 4 billion riyals ($1.1 billion) with local currency sukuk issues, sources familiar with the matter said on Monday. The company, which has taken out bank loans over the past few years to back its flagship development in Mecca, …

BEIJING / Reuters Chinese oil refineries operated in July at their lowest daily rates since September 2016, official data showed on Monday, to ease brimming inventories as state-owned oil giants faced off independents in a retail petrol price war. China, the world’s second-largest oil consumer, processed 45.5 million tonnes of crude in July, or 10.71 million barrels per day (bpd), …

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 …