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

SHARJAH/WAM Sharjah Islamic Bank (SIB) announced record financial results and exceptional growth for the year ending on December 31 2024. The bank’s net profit before tax increased by 36.5%, reaching AED1.15 billion, while net profit after tax amounted to AED1.05 billion, reflecting a 24.5% increase. This marks a significant milestone in the bank’s history, as its net profit surpassed the …

GAZA, DOHA, CAIRO/WAM A ceasefire in the Gaza Strip came into effect today, marking the start of its first phase, which will last for 42 days. This follows 15 months of Israeli aggression on the region. The United Nations has also announced that the first aid convoys have entered Gaza. “A ceasefire finally came into effect in Gaza at 11:15 …

DUBAI/WAM H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Dubai Judicial Council, reviewed the Economic Security Center of Dubai’s strategy for 2025-2030. The new strategy aims to strengthen Dubai’s economic stability and progress by identifying investment opportunities, anticipating and addressing …

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 …