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

  REUTERS Iran signed a Memorandum of Understanding (MoU) with Russia’s Zarubezhneft recently for a feasibility study on two joint fields in the west of the country, according to oil ministry news agency SHANA. It is the latest of several MoUs the ministry has signed since the lifting of international sanctions on Tehran in January. Countries seeking long-term oil cooperation …

  REUTERS National Bank of Oman (NBO), the sultanate’s third-largest lender by assets, beat analysts’ expectations on Thursday despite posting flat growth in second-quarter net profit, according to Reuters calculations. The lender made a net profit of 15.46 million rials ($40.2 million) in the three months to June 30, Reuters calculated based on previous financial statements in lieu of a …

  REUTERS Italy’s state railways company expects to sign a contract to build the first stretch of a high-speed rail line in Iran in February 2017, its chief executive said on Thursday. The contract for the roughly 100 km-stretch between Qom and Arak is worth about 1 billion euros ($1.1 billion), Ferrovie dello Stato <IPO-FERRO.MI> chief Renato Mazzoncini said at …

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 …