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

WASHINGTON / Bloomberg U.S. construction spending fell in February by the largest amount in three months. Weakness in nonresidential construction and government offset the strongest month for home construction in more than eight years. Construction spending fell 0.5 percent in February following a 2.1 percent January gain, the Commerce Department reported. Spending declines on construction of factories, communication facilities and …

Bloomberg Sales of U.S. vacation homes tumbled last year from record levels as buyers were held back by tight inventory and turbulence in financial markets. An estimated 920,000 vacation properties changed hands, down almost 19 percent from a high in 2014, according to a survey released on Wednesday from the National Association of Realtors. By comparison, sales of primary owner-occupied …

Our Correspondent/ Emirates Business Australian cafe chain, ‘The Coffee Club’ entered the UAE market in the beginning of 2015 with its first branch at Abu Dhabi’s Yas Mall and later expanding to Dubai in March 2015. Over the past one year, the coffee chain has ventured into different locations in the UAE. “The first year has been a whirlwind. The …

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 …