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

  BLOOMBERG A surge in prices for existing homes in Vancouver and Toronto is fueling new construction in Canada’s two most expensive cities. Housing starts jumped to an annualised pace of 218,333 units in June, the Canada Mortgage & Housing Corp. said, the highest since September and a 17 percent increase from a month earlier. The data suggests that builders …

  Hong Kong / AFP Hong Kong property tycoon Thomas Kwok was granted bail on Tuesday, clearing the path to appeal his graft conviction over a high-profile cash for favours scandal. Kwok was jailed in 2014 over a series of payments totalling HK$8.5 million (US$1.1 million) to the city’s former deputy leader Rafael Hui, who was also convicted on graft …

  Bloomberg Aberdeen Asset Management Plc appointed broker Strutt & Parker LLP to sell a London office property that’s part of a UK real estate fund currently suspended from trading, according to three people familiar with the matter. The asset manager will offer 10 Hammersmith Grove, an office building valued at about 105 million pounds ($136 million), the people said, …

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 …