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

Russia’s lease of the Baikonur cosmodrome in Kazakhstan, at $115 million per year, extends until 2050. Although Russia’s new spaceport, the Vostochny cosmodrome in the Far East, saw its first successful launch in April, the facility is a long way from completion and already behind schedule. Periodic reports that Russia intends to leave Baikonur before 2050–such as news last summer …

  Noah Smith After a landslide victory in Japan’s election on July 10th, the Liberal Democratic Party now has a supermajority in both the upper and lower houses of the Diet. Essentially, there is no longer any effective political opposition in Japan. Prime Minister Shinzo Abe has more power than any leader in decades — even more than his famous …

  AFP The European Central Bank, widely expected to hold fire on monetary policy next week, will likely prepare the ground for more stimulus measures in September as the economic fallout for the eurozone from Brexit becomes clearer, analysts predicted. The ECB’s decision-making governing council is scheduled to hold its regular policy meeting on Thursday, a month after Britain voted …

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 …