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

  KUALA LUMPUR / WAM The 4.2 per cent annual Gross Domestic Product (GDP) growth recorded for the first quarter (1Q16) as announced by Bank Negara Malaysia exceeded the forecast of economists. It came in higher than the consensus estimate of 4.0 per cent, said Bank Islam Malaysia Bhd Chief Economist Dr Mohammed Afzanizam Abdul Rashid. He commented that the …

  Kolkata / Bloomberg UCO Bank, an Indian state-owned lender with 629 deliberate defaulters, reported the highest bad loan ratio among banks in the South Asian nation. Shares fell the most in three months. Provisions for soured debt at the Kolkata-based company more than doubled to about 23 billion rupees ($344 million) in the three months through March from a …

  Beirut / AFP Lebanese Shiite militant group Hezbollah on Saturday blamed extremists for killing its top military commander in Syria and vowed to keep fighting to defend President Bashar Al Assad’s regime. The movement has deployed thousands of fighters in Syria where Mustafa Badreddine had led its intervention in support of Assad’s forces, which are also backed by Russia and …

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 …