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

AP Builders ramped up construction of new homes in April, suggesting that the market remains solid despite sluggish economic growth at the beginning of the year. Housing starts climbed 6.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said. The increase makes up for much of March’s 9.4 percent drop in starts, a decline …

  Bloomberg The biotechnology industry’s growth is providing the chance to attain attractive returns on commercial property in markets from Boston to Munich to Shanghai, according to Taimur Hyat, chief strategy officer for PGIM, Prudential Financial Inc.’s $1 trillion asset-management arm. “Biotech is causing a revolutionary change in the type of real estate opportunities we are seeing,” he said in …

  Bloomberg Ikea, the world’s biggest furniture retailer, plans to sell about €900 million ($1 billion) of European retail parks surrounding its stores, according to people with knowledge of the matter. Ikea has hired Cushman & Wakefield Inc. to help market the assets, two of the people said. Josefin Thorell, a spokeswoman for Ikea, confirmed that the company plans to …

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 …