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Mumbai / Bloomberg India’s richest tycoon also seems to be its luckiest. While many a formerly gung-ho Indian businessman is being crushed by debt, Mukesh Ambani’s Reliance Industries is getting one break after another. First came the fall in globalcrude prices, which has already given the conglomerate’s refining business $10-plus-a-barrel margins for four straight quarters, its biggest windfall in almost …

TOKYO / AP Major Japanese airports were crammed with thousands of passengers unable to take domestic flights on Tuesday due to problems with airline computer systems. The delays began in the morning, with major Japanese carrier All Nippon Airways posting a notice on its website apologizing for delays and cancellations due to a “system malfunction.” The airline said Internet check-in, …

Bangkok / DPA Thai Airways International plans to trim more staff this year to stop the financial bleeding. The company has set a budget of 2.2 billion baht (US$63 million) for the new cost-cutting plan,” Narongchai Wongthanavimok, chief financial officer, said. There is still no targeted number nor time frame for this round, but it should begin in one or …

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 …