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

    Bloomberg This month, Telefonica SA was able to raise the price of landline phone service in Argentina for the first time since 2000 — by a whopping 192 percent. The increase in the line-rental fee to about 38 pesos ($2.70) a month from 13 pesos in the carrier’s second-largest Latin American market comes after 16 years of government-frozen …

  Bloomberg Oil dropped for a fourth day as producers in Canada worked to resume operations after wildfires curbed output and Iran continued to raise exports amid a global surplus. July futures slid as much as 1.5 percent in New York. Cooler weather is helping to control a blaze in the heart of Canada’s oil-sands region and allowing Suncor Energy …

BLOOMBERG Brazil economists forecast lower interest rates this year on the expectation incoming central bank president Ilan Goldfajn will ease monetary policy to stimulate growth. Economists reduced their 2016 Selic forecast to 12.75 percent from 13 percent the prior week, according to the weekly Focus survey conducted May 20. They also raised their IPCA inflation forecast to 7.04 percent, from …

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 …