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

DUBAI / Emirates Business DAMAC Properties Dubai Co. PJSC (DFM: DAMAC), a leading developer of high-end property in the Middle East, on Monday announced the financial results for the nine months ending September 30. During the first nine months of 2016, DAMAC recorded revenues of AED 5.12 billion. Gross profit margin stood at 57%. Net profit for the reporting period …

  Dubai / Emirates Business Smart Dubai Office (SDO), the government entity officially in charge with facilitating Dubai’s smart transformation, has recognized the sponsors and government participants of its pavilion during the 36th GITEX Technology Week 2016. This year’s SDO-hosted 3,800-square-metre pavilion showcased innovative electronic and smart services being provided by 56 government and private entities, as well as other …

  Dubai / Emirates Business Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum launched an AED1.3 billion Comprehensive Development Plan for Hatta area in the emirate of Dubai on Monday. The plan aims to boost the area’s social and economic attractiveness as a world-class environmental tourist destination. It will cover …

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 …