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

  Bloomberg Gordmans Stores Inc., the century-old discount department store chain, filed for bankruptcy after posting losses in five of the past six quarters. The company listed total debt of $131 million in Chapter 11 papers filed Monday in Nebraska. Gordmans, which operates about 100 stores, is the latest victim in a retail industry suffering from sluggish mall traffic and …

  Sydney / Emirates Business Etihad Airways, the national airline of the United Arab Emirates and official airline partner of ‘Taste of Sydney’, crowned Harry Stockdale-Powell, from Bouche on Bridge, winner of the Taste the World competition in Sydney on March 12. The Taste the World award is presented to the chef who best epitomises Etihad Airways’ food philosophy, which …

  Berlin / AP Ground staff at Berlin’s two airports went on strike on Monday for the second time in four days, forcing the cancellation of hundreds of flights.The ver.di union called on staff at the Tegel and Schoenefeld airports to walk out from 4 a.m. (0300 GMT) on Monday until 5 a.m. (0400 GMT) on Tuesday, then extended the strike …

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 …