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

  Riyadh / AFP Saudi Arabia promised “urgent” action to resolve the plight of some 2,500 Indian workers stranded without money in the kingdom after a plunge in oil prices sparked construction layoffs. Labour Minister Mufarrej al-Haqbani issued orders to allow the Indian workers “to immediately transfer their kafala (sponsorship) and renew their residencies,” the Okaz daily reported on Wednesday. Haqbani’s …

  Kathmandu/ AFP Nepal’s parliament elected former guerrilla and Maoist leader Pushpa Kamal Dahal as prime minister on Wednesday after his predecessor resigned following deadly unrest over a divisive new constitution. Dahal, better known by his nom de guerre Prachanda or “the fierce one”, led a decade-long Maoist insurgency before transforming the rebel movement into a political party after a 2006 …

  Hong Kong / AFP HSBC said on Wednesday net profit plunged in April-June and that the bank was heading into “a period of heightened uncertainty” after Britain voted to leave the European Union. Profit after tax sank 40 percent on-year to $2.61 billion, the firm said in a statement, but assured it had weathered the Brexit storm “securely”. The firm …

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 …