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

DUBAI / Reuters Saudi Arabia’s stock market edged up on the back of modest gains in the banking sector on Sunday while Egypt imitated world markets’ strong finish at the end of last week. Most other Middle Eastern bourses fell. The Riyadh index added 0.1 percent, remaining near a six-week low, as Samba Financial Group jumped 3.4 percent after its …

ABU DHABI / WAM A report by the Industrial Development Bureau (IDB) has revealed that 16 industrial facilities entered production in the Emirate of Abu Dhabi during the first half of 2017, an increase of 100 percent compared to the same period last year, with a total investment value of over AED3.8 billion. The biannual report of the Abu Dhabi …

Dubai / WAM Dubai Electricity and Water Authority (DEWA) awarded contracts to design, manufacture, test and supply 1,570 cast resin distribution transformers, with capacities of 11/0.4kV, and 1,000 and 1,500 kVA equipped with low-voltage smart meters, to a number of leading specialist international institutions. This is part of DEWA’s ongoing efforts to meet various requirements to expand the electricity distribution …

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 …