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

  Bloomberg S&P 500 Index futures slipped on Tuesday following a mix of earnings reports, as investors weighed the prospects for further gains after equities closed Monday at fresh records. Netflix tumbled 13 percent on weaker-than-anticipated subscriber growth, and Philip Morris International Inc. dropped 2.2 percent after its earnings missed forecasts as the strong dollar hurt sales outside of the …

  DUBAI / Reuters Gulf stock markets mostly moved little in early trade on Tuesday, restrained by weak oil prices and mixed corporate earnings, while Saudi Arabian Mining Co (Ma’aden) fell sharply after announcing a plunge in second-quarter profit. The Saudi stock index dropped 0.3 percent in the first half hour as Ma’aden slid 4.4 percent. It posted a 51 …

  Bloomberg Bank of America (BofA) Corp. posted higher profit in each of its four main businesses as bond-trading revenue increased more than analysts estimated and expenses fell. The second-biggest US bank by assets led financial stocks higher this week after reporting earnings per share of 36 cents, beating the 33-cent average estimate of analysts. Net income dropped 21 percent …

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 …