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

HELSINKI / Reuters Loss-making Finnish retailer Stockmann announced the surprise departure of its chief executive, after 16 months in the job, raising questions over the company’s ongoing restructuring. Per Thelin, who will leave the company immediately, was recruited in 2014 to revive the department store and fashion chain group after its earnings fell due to a recession in Finland and …

Paris / AP Shares in Air France-KLM went into freefall on Wednesday, a day after the company said Alexandre de Juniac is to resign as chairman and CEO to take charge of aviation industry group IATA. Juniac helped Europe’s second biggest airline group return to profit last year for the first time since 2008, but his four-year spell at the …

London / Emirates Business This year marks the 40th anniversary of Britain’s World of Islam Festival, a ground-breaking series of exhibitions opened by Queen Elizabeth II in 1976. That same year, Sotheby’s pioneered London’s first ‘Islamic Week’, which has taken place in April and October every year since. In celebration of these landmark events, Sotheby’s is staging its most wide-ranging …

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 …