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

  La Paz / Bloomberg Brazil’s real weakened after the central bank intervened amid comments by acting President Michel Temer that signaled he’s worried about the currency’s world-beating rally this year. Temer said Brazil needs to maintain a balanced exchange rate, neither too weak nor too strong, Valor Economico newspaper reported. The monetary authority offered 15,000 of reverse currency swaps, …

  Berlin / Bloomberg Volkswagen AG got German regulatory approval to carry out technical fixes on 460,000 diesel cars fitted with software that cheats emissions tests. The approval from the Federal Motor Transport Authority applies to models with 1.2-liter EA189 engines including Volkswagen Polo and Seat Ibiza, the German carmaker said in a statement on Sunday. Germany’s approval is valid …

  Washington / Bloomberg A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the world’s largest container shipping company, is voicing concern as a potential shift in U.S. policy threatens to reduce global trade. While Maersk assumes that no matter how the U.S. presidential election ends, it probably “won’t have an effect on the contracts we have and the employment …

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 …