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

  Bloomberg Bombardier Inc. has removed from its production schedule an order for C Series aircraft placed six years ago by bankrupt Republic Airways Holdings Inc. Republic agreed in February 2010 to 40 firm orders and 40 options for the CS300 model, with deliveries initially scheduled to start in 2015. While the firm orders remain in the planemaker’s backlog, removal …

  New York / AFP Wal-Mart and some smaller retailers surged following strong quarterly results, while the broader US market retreated on worries about higher interest rates. Wal-Mart Stores jumped 9.6 percent after reporting better-than-expected first-quarter earnings. Sports apparel and equipment chain Dick’s Sporting Goods and youth-oriented apparel chain Urban Outfitters soared 8.6 percent and 14.0 percent following earnings. The results …

  Hillsboro / AP A high-flying drone that will be used to test precision agriculture methods made its inaugural flight in North Dakota amid handshakes and smiles from aircraft operators and farm officials. The Israeli-manufactured Elbit Systems Hermes 450 aircraft took off from the Hillsboro airport to start a summer-long project that will take pictures of farmland in the fertile Red …

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 …