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

ABU DHABI/WAM Abu Dhabi Fund for Development (ADFD) has announced an additional loan of AED 147 million ($40 million) to support the completion of the Velana International Airport project in the Maldives. This follows an earlier loan of AED183.5 million ($50 million) provided in 2017 for the project’s initial phases, highlighting the airport’s vital role in driving tourism, a key …

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, emphasised the importance of bold and innovative approaches to reinforce the UAE’s leading global position in sustainable development. Speaking at a meeting with prominent leaders, dignitaries and senior officials at Za’abeel Palace, in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid …

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a cable of condolences to President Ilham Aliyev of Azerbaijan, expressing his sympathies over victims of the air crash of the Azerbaijan Airlines passenger plane in Kazakhstan, which resulted in several deaths and injuries. President H.H. Sheikh Mohamed conveyed his wishes for a swift recovery to the …

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 …