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

  Bloomberg Growth in Britain’s services sector unexpectedly strengthened in April, giving the economy a solid start to the second quarter after a weaker-than-forecast performance at the start of the year. IHS Markit’s index rose to 55.8 in April from 55 in March, defying expectations for a decline to 54.5. Its measures for manufacturing and construction published earlier this week …

    DUBAI / Reuters Arabtec’s shares rose after the Dubai builder swung to its first quarterly net profit since September 2014, bucking the trend in most of the region’s markets which followed global bourses and oil prices lower on Thursday. “The return to profitability (at Arabtec) is a good indicator and we believe there will be no negative surprises …

  Bloomberg US stock futures pointed to a higher opening and European equities advanced amid positive earnings reports. Brent crude slid below $50 a barrel for the first time since March, while the rout in metals prices worsened. The S&P 500 Index looked to snap a string of meager moves, and the Euro Stoxx 600 climbed as Met Life Inc. …

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 …