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

  Beijing / The Diplomat The People’s Liberation Army Navy (PLAN) is in the process of upgrading a number of older classes of surface warships with new anti-ship missiles, missile defense systems, and cannons capable of firing precision-guided ammunition, Popular Science reports. Based on photographic evidence, it appears that the 6,100-ton Type 051B Luhai-class destroyer Shenzhen, commissioned in 1998, is …

KUALA LUMPUR / Bloomberg Australia’s current government will never sell its largest cattle empire to foreigners, the treasurer said on Wednesday after blocking a takeover by a Chinese-led consortium. Chinese-based Dakang Australia Holdings on Tuesday withdrew its application to buy an 80 percent stake in Australia’s largest private landholding, S. Kidman & Co. Ltd., after Treasurer Scott Morrison last week …

Bloomberg Former U.K. Prime Minister Tony Blair said he believes British voters will “do the sensible thing” and vote to stay in the European Union in next month’s referendum. “If we were to leave, it would put a level of economic insecurity into the ordinary family household that I think most people would think is a foolish risk to take,” …

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 …