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 Abu Dhabi’s 2016 Gross Domestic Product (GDP) at current prices surged to AED791.371 billion, posting an annual growth of 2.8 percent over 2015 GDP of AED770.11, with non-oil activities contributing a staggering and unprecedented 72.5 percent of the GDP- the highest since the emirate’s shipment of its first crude in the 1960s , according to the …

ABU DHABI / Reuters Abu Dhabi’s national oil company (ADNOC) is weighing proposals from Goldman Sachs, First Abu Dhabi Bank (FAB), HSBC and JPMorgan for lead roles in the listing of its retail business, sources familiar with the matter said. Rothschild is in a strong position for an advisory role to the deal that could raise $1.5 to $2 billion …

ABU DHABI / WAM Driven by a high level of liquidity targeting a set of blue chips, the Dubai Financial Market (DFM) recorded an impressive volume spike, auguring well for a price improvement over the coming days. Reflecting the same bullish view, the Abu Dhabi Securities Exchange (ADX) closed high thanks to a noticeable rise in Etisalat’s share which closed …

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 …