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

Hong Kong / DPA Music and video retailer HMV will be sold for HK$408 million ($52.5 million) to film makers and distributors China 3D Digital Entertainment Limited, which has agreed to the deal with parent company AID Partners Capital Holdings Ltd, according to a statement the two companies filed to the stock exchange on Tuesday. Both China 3D Digital Entertainment …

Tokyo / Bloomberg Japan is aiming to have 40,000 hydrogen-powered cars on its roads by 2020, with plans for a 20-fold expansion to 800,000 by 2030, according to a report released by the Ministry of Economy, Trade and Industry on Wednesday outlining the future use of hydrogen and fuel cells. The country, whose prime minister has vowed to turn it …

Dhaka / Bloomberg A printer error first tipped off Bangladesh’s central bank to one of the biggest cyber heists in recent history, according to a complaint filed to police that provided new details on the attempted theft of nearly $1 billion. Zubair Bin Huda, a joint director of Bangladesh Bank, found the printer tray empty when he looked on 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 …