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

  KUWAIT / Reuters State-owned refiner Kuwait National Petroleum Co (KNPC) has signed the first tranche of financing for its multi-billion-dollar Clean Fuels Project, a major plank of the country’s economic development plan. The tranche, provided by local banks and lasting for 10 years, is worth 1.2 billion dinars ($3.98 billion) and led by National Bank of Kuwait and Kuwait …

  KHOBAR / Reuters The government-owned Public Investment Fund (PIF) replaced four of its representatives on the board of Ma’aden, the Gulf’s largest miner, in which it owns 49.99 percent. Saudi Arabia’s Mining Co (Ma’aden) said its board now includes the chairman of state oil giant Saudi Aramco, Khalid al-Falih and prominent Saudi businesswoman Lubna al-Olayan. Besides Falih and Olayan, …

  DUBAI / Reuters Qatari telecom operator Ooredoo reported a 75 percent rise in first-quarter net profit driven by foreign exchange gains from Indonesia and Myanmar. The earnings of the former monopoly, which operates in about a dozen territories across the Middle East, Africa and Asia, have been volatile since mid-2013 when foreign exchange losses and plunging earnings from Iraq …

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 …