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

  Tokyo / AFP A rapidly-spreading fire engulfed more than 100 buildings and sparked evacuations in a northern Japanese city on Thursday, leaving two people injured and forcing authorities to mobilise the military. Aerial footage broadcast live on Japanese TV showed massive orange flames and thick grey smoke spewing out of buildings throughout much of the day in the city …

  London/ AFP European equities drifted mostly lower on Thursday in quiet pre-holiday trade, with investors awaiting news on the fate of crippled bank Monte dei Paschi di Siena (BMPS). Wall Street also eased at the opening, slipping further away from the elusive 20,000 target on the Dow index. “The long awaited 20,000 benchmark on the Dow isn’t breached yet …

  Reuters Saudi Arabia’s stock market edged up on Thursday before the release of the kingdom’s state budget for 2017, while Egypt’s uptrend slowed. Other Gulf markets were mixed in modest trading volumes. The Saudi stock index added 0.4 percent. Much activity focused on second-tier stocks such as Saudi Printing and Packaging, which jumped 10 percent. Saudi Electricity climbed 0.7 …

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 …