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

ABU DHABI / WAM Surplus reserves at UAE banks and other financial institutions surged to AED42.8 billion by the end of June, a growth of 77.6 percent, or AED18.7 billion, from AED24.1 billion in the first month of the year 2017, according to UAE Central Bank statistics. The figures reflect the resilience of the UAE banks’ solvency position, not only …

ABU DHABI / WAM NPCC, a member company of SENAAT – Abu Dhabi, one of the UAE’s largest industrial investment holding companies, is ranked 5th in the annual list of Top 30 Engineering, Procurement and Construction (EPC), Companies in the Energy sector in the Middle East and North Africa region, as compiled by Oil & Gas Middle East magazine. The …

DUBAI / Reuters State-owned energy giant Abu Dhabi National Oil Co (ADNOC) is in talks with regional and international banks to obtain a syndicated loan worth several billion US dollars, banking sources familiar with the discussions said on Monday. The loan will be ‘huge’, two bankers said; a third said it was expected to be in a range of $4 …

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 …