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 government has contacted banks to sell them about 20 billion riyals ($5.3 billion) of bonds in its domestic debt sale this month, the Maaal financial website reported, quoting unnamed sources. Since last August, government has been selling around 20 billion riyals of domestic bonds to banks every month to fund a budget deficit caused by low …

  REUTERS Qatar Insurance reported second-quarter net profit that was unchanged from a year earlier, according to Reuters calculations. The insurer made a net profit of 280.1 million riyals ($76.9 million) in the three months ending June 30, Reuters calculated based on financial statements in lieu of a quarterly breakdown. That compares with a net profit of 280.9 million riyals …

  Bloomberg Theresa May’s first meeting with Angela Merkel in Berlin will involve more pleasantries than hard bargaining. A week after taking office as UK PM, May, 59, will be keen to size up the woman who will be one of her main interlocutors as she navigates Britain’s exit from the EU. The German chancellor, in office for almost 11 …

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 …