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

  LONDON / Bloomberg UK retail sales fell for a second month in March as Britons bought less of everything from food to clothing. The volume of sales dropped 1.3 percent from February, far more than the 0.1 percent decline forecast in a Bloomberg survey. Sales excluding auto fuel fell 1.6 percent, the most since January 2014. The Office for …

  Reuters Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co missed analysts’ estimates as it reported a 98 percent fall in fourth-quarter net profit on Thursday after its operations made losses and total group sales fell. The company made a net profit of 3.17 million riyals ($845,626.48) in the three months to March 31, down from 201.74 million riyals in the …

  Reuters Wal-Mart Stores Inc said it will shrink its board by three members to 12, bringing it closer to US corporate norms in a move the largest US retailer hopes would allow it to respond more nimbly to rapid market changes. The change will take place after Wal-Mart’s annual shareholders’ meeting on June 3, it said in a statement. …

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 …