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

  PARIS / Reuters French retailer Fnac said on Thursday it would offer 145 pence per share to buy Darty , Europe’s third-largest electronics retailer, trumping an offer from Conforama, part of South African retail conglomerate Steinhoff. Fnac had originally proposed a takeover offer for Darty last year but Conforama emerged as a rival bidder in March, with an offer …

  Shanghai / AFP China’s homegrown regional jet should have made its first commercial flight weeks ago, but the ARJ21 has still not flown any fare-paying passengers, dealing yet another setback to the country’s ambitious plans for domestically produced planes. Chengdu Airlines received the aircraft from manufacturer the Commercial Aircraft Corp. of China (COMAC) in November, already years behind schedule, …

Johannesburg / AFP Hundreds of coffee lovers queued early Thursday in an upmarket Johannesburg shopping centre as international chain Starbucks opened its first cafe in sub-Saharan Africa. The US-based global brand plans to open 12-15 more stores in South Africa over the next two years, with a long term plan of up to 150 outlets. “The timing is right. We are …

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 …