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

  DUBAI / WAM flydubai on Tuesday announced its half-year results for 2016 and reported total revenue of AED 2,302 million (US$627 million), an increase of 5.4 percent compared to the same period last year. A loss of AED89.9 million (US$24.5 million) was also reported which is 39 percent lower than H1 of the previous year. During the period, passenger …

  DUBAI / WAM Dubai Aerospace Enterprise (DAE) Ltd. announced the signing of a definitive agreement to acquire 80 percent of Jordan Aircraft Maintenance Limited from The Abraaj Group. The terms of the transaction were not disclosed. Joramco has a solid track record as a leading independent commercial aircraft maintenance, repair and overhaul (MRO) facility serving a wide range of …

  ABU DHABI / WAM Researchers at the Masdar Institute of Science and Technology have developed a novel type of ‘buckypaper’, a thin film composed of carbon nanotubes, or grids, that have better thermal and electrical properties. Researchers believe the innovative buckypaper could be used to create ultra-lightweight composite materials for numerous aerospace and energy applications, including advanced lightning strike …

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 …