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

  BLOOMBERG Ssangyong Motor Co., the South Korean SUV maker, is exploring a joint venture in China with Shaanxi Automobile Group Co. to produce vehicles in the world’s largest auto market. Ssangyong signed a letter of intent with Xi’an-based Shaanxi Auto to study a possible joint venture and local production plant, the Pyeongtaek, South Korea-based automaker said in a statement. …

  Bloomberg Takata Corp. fell the most in three weeks in Tokyo trading after it was said to be considering bankruptcy protection in the U.S. The air-bag maker said no decision has been made. Takata dropped 7.5 percent to 347 yen, while the benchmark Topix Index advanced 0.4 percent. The Tokyo-based company, whose defective air-bag inflators triggered the biggest recall …

  Port-au-Prince / AFP Haiti faces a humanitarian crisis that requires a ‘massive response’ from the international community, the United Nations chief said, with at least 1.4 million people needing emergency aid following last week’s battering by Hurricane Matthew. The storm left at least 372 dead in the impoverished Caribbean nation, with the toll likely to rise sharply as rescue …

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 …