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

  Shanghai / AP The financial services affiliate of Chinese e-commerce giant Alibaba raised $4.5 billion in funding, it said, calling it the largest single private placement by an Internet company. The move values Ant Financial Services Group at roughly $60 billion, the Wall Street Journal reported, quoting people familiar with the situation. Previous media reports had said the company …

  Ratnapura / AFP From the Queen of Sheba to Britain’s Duchess of Cambridge, Sri Lanka’s sapphires have adorned royalty through the ages, but a flood of cheap imitations is threatening the island’s reputation for the precious stones. Ceylon sapphires, known after the island’s colonial-era name, enjoyed a huge boost five years ago when it was revealed that one formed …

  Bloomberg Deutsche Lufthansa AG, Air Berlin Plc and other airlines cancelled hundreds of flights in Germany on Wednesday as a strike by public-services workers at airports hobbled operations in Frankfurt, Munich and Cologne. Lufthansa eliminated 895 flights, or 60 percent of the services it had scheduled for Wednesday, Germany’s biggest carrier said in a statement. Munich airport, where a …

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 …