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

  Bloomberg German logistics group Deutsche Post said on Wednesday it had achieved its strongest-ever second-quarter operating result, boosted in large part by online shopping. “Our Post, eCommerce and Parcel division in particular contributed to the positive trend” that saw Deutsche Post increase its net profit to 541 million euros ($606 million), a 66-percent leap over the same period in …

  Washington / AFP Letitia stands on a metro station platform in downtown Washington, waiting for a train that she now realizes is not going to come. “I will be walking home tonight and all the nights to come,” said the 28-year-old woman, who works as a cashier at a 24-hour supermarket. In the US capital city, an urgently needed …

  Frankfurt / AFP Car parts supplier Continental upped its forecast for 2016 on Wednesday after strong performance in its tyres business. Chief executive Elmar Degenhart said the group would target an adjusted operating profit of “over 11%”, where previously the target had been set at “around 11%”. Continental’s net profit in the second quarter grew to 905mn euros, up …

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 …