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

  New York / AFP Wal-Mart Stores reported higher second-quarter earnings and lifted its profit forecast on Thursday after notching higher sales in the US. Earnings for the quarter ending July 31 were $3.8 billion, up 8.6 percent from the year-ago period. Sales were up 0.5 percent at $120.9 billion. Wal-Mart scored higher comparable sales and customer traffic in the …

  California / AFP Weary firefighters on Thursday battled a raging inferno that was threatening the homes of more than 82,000 people in southern California and sent flaming “firenadoes” tearing across the brush. Nearly 1,600 firefighters were fighting the giant blaze, but had only contained four percent of it, according to a fire service official. Dramatic local TV news footage …

  Jerusalem / AFP Israel’s hardline defence minister Avigdor Lieberman has a new “carrot and stick” policy for the West Bank that will penalise the hometowns of Palestinian attackers while rewarding others, his ministry said on Thursday. Under the policy, Palestinian families, villages and towns that are linked to attackers will face extra punitive measures, while those that are not will …

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 …