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

LONDON / Reuters Sports Direct lowered its full-year core earnings forecast on Wednesday after Mike Ashley, the owner of Britain’s biggest sportswear retailer, revealed a trading slowdown in a newspaper interview. Flouting the rules on how companies disclose financial information, Ashley told the newspaper on Tuesday that Sports Direct was “in trouble, we are not trading very well”, sending its …

DALLAS / Bloomberg Southwest Airlines Co. pilots are seeking pay raises that would give them the highest compensation in the industry plus a bigger company contribution to retirement savings, according to a contract proposal presented to the carrier. The pay increases would average 4.1 percent annually for a compound gain of almost 33 percent over seven years under the plan …

Bloomberg Kingfisher, Europe’s largest home improvement retailer, beat forecasts with a 0.3 percent rise in annual profit, though it said it remained cautious on the outlook for France, its most profitable market. The firm, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other markets, said on Wednesday it made an underlying pretax …

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 …