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

  ASTANA /EMIRATES BUSINESS Prime Minister of Kazakhstan Karim Massimov, on Thursday, opened the 7th session of the Ministerial Conference of the Organization of Islamic Cooperation (OIC) for food security and development of agriculture. Kazakhstan’s candidacy for the post of chairman of the General Assembly of the Islamic Organization for Food Security was endorsed at the session. Karim noted Islamic …

  Tokyo / AFP Sony posted a $1.4 billion annual profit on Thursday, boosted by strong sales of its PlayStation console, but analysts warned that slowing smartphone demand could hit a lucrative business that makes key parts for mobile devices. The company’s full-year profit —only its second since the 2008 global financial crisis preceded years of eye-watering losses —may be …

  Seoul / AFP Booming sales of home appliances and televisions helped South Korea’s LG Electronics report a surge in first-quarter profits on Thursday, despite a continued slump in smartphone sales. Net income for January to March amounted to 198 billion won ($173.9 million), up 415 percent from a year ago, the Seoul-based company said in a statement. The tech …

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 …