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

  REUTERS Saudi Arabia’s Yanbu National Petrochemical Co (Yansab) beat analysts’ forecasts as its second-quarter net profit trebled due to higher production and sales. The firm, a subsidiary of Saudi Basic Industries Corp (SABIC), made a net profit of 689.3 million riyals ($183.8 million) in the three months to June 30, up from 227.4 million riyals in the same period …

  BLOOMBERG Saudi Arabian mobile-phone operator Etihad Etisalat Co. started talks with lenders about refinancing 8 billion riyals ($2.1 billion) of debt to get better terms, according to people with knowledge of the matter. Mobily, as the company is known, began discussions with banks after putting the sale of its mobile towers on hold, some of the proceeds of which …

  Reuters Telecom Egypt, the country’s state-owned landline monopoly, is in talks with banks about a 5 billion Egyptian pound ($563.07 million) loan to acquire a 4G licence, banking sources said. The sources said Etisalat Egypt was also in talks with banks for a 5 billion pound loan to acquire the licence. “TE is negotiating to acquire five billion pounds, …

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 …