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

  WASHINGTON / AP The US industrial production dropped sharply in November, mainly because power plants reduced output due to unusually warm weather. The Federal Reserve reported Wednesday that output at America’s factories, mines and utilities fell 0.4 percent last month. It was another sign that American industry is struggling even as the overall US economy looks healthy. The Federal …

  DUBAI / Reuters Stock markets in the Gulf retreated on Wednesday in shrinking trading volumes as investors turned cautious ahead of the US interest rate hike and guidance from the US central bank expected late in the day. Petrochemical shares, which have been dragging Saudi Arabia’s main index lower over the last two sessions, fell further. The main index …

  Bloomberg Caution pervaded markets before the Federal Reserve’s expected interest-rate hike later on Wednesday, with European stocks slipping from an 11-month high and government bonds advancing. Crude retreated on industry data showing US stockpiles increased. The Stoxx Europe 600 Index retreated before the conclusion of the Fed’s two-day meeting, as investors awaited clues on the likely path of rates …

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 …