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

  BLoomberg Malaysia’s state-owned energy company Petroliam Nasional Bhd signed an agreement to study two oil fields in Iran, joining international companies from Russia to France that plan to help boost the Persian Gulf nation’s oil and gas production. Petronas signed a memorandum of understanding to assess the South Azadegan and Cheshmeh Khosh oil fields, Gholam-Reza Manouchehri, deputy director of …

  Bloomberg Exxon Mobil Corp.’s offer to raise its bid for InterOil Corp. to as high as $3.9 billion isn’t enough to pacify the deal’s most prominent opponent. InterOil founder Phil Mulacek, who left in in 2013 and remains the third-largest shareholder, said Exxon still isn’t offering shareholders full value for InterOil’s hydrocarbon reserves in Papua New Guinea. Exxon last …

  Bloomberg Those looking for a bright spot in the global warming picture might want to pay closer attention to India. For several years, demand for electricity in the world’s second-most populous country has trailed forecasts, data compiled by India’s Central Electricity Authority show. While the reasons for the mismatch are complex, the gap raises the prospect that India won’t …

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 …