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

BEIJING / WAM China’s foreign exchange reserves totalled $3.2882 trillion as of the end of August, up by $31.8 billion, or 0.98 percent compared to the end of July, official data showed. Xinhua News Agency quoted the State Administration of Foreign Exchange as saying that China’s foreign exchange reserves have remained stable above $3.2 trillion for nine consecutive months. The …

SHANGHAI / WAM The Chinese financial hub of Shanghai announced the establishment of a CN¥10 billion (about $1.41 billion) fund to nurture future industries. Xinhua News Agency quoted the Science and Technology Commission of Shanghai Municipality as saying the fund is fully financed by the Shanghai government and has a term of 15 years that can be extended by an …

SEOUL / WAM The Republic of Korea recorded a 19.9 percent year-on-year (YoY) increase in the number of international flight passengers during the summer vacation season, fully recovering to the pre-pandemic level, data showed on Sunday. Offering data compiled by the Korea Airports Corp and the Incheon International Airport Corp, Yonhap News Agency reported that a total of 15.69 million …

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 …