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

ABU DHABI/WAM Etihad Airways today announced its H1 2024 results, recording a 48 percent increase in profit after tax achieving AED851 million (US$232 million), a significant increase from AED575 million (US$157 million) in H1 2023. Total revenue increased 21 percent to AED11.7 billion ($3.2 billion), from AED9.6 billion ($2.6 billion) in H1 2023, mainly due to passenger revenue, which saw …

DUBAI/WAM Dubai Electricity and Water Authority (DEWA) today reported its first half 2024 consolidated financial results, recording revenue of AED13.7 billion, EBITDA of AED6.6 billion, operating profit of AED3.3 billion and profit after tax of AED2.6 billion. Saeed Mohammed Al Tayer, MD and CEO of DEWA, said, “Our first-half financials reflect robust revenue growth of 7.3% and impressive EBITDA growth …

JEDDAH/WAM Khalifa Shaheen Al Marar, Minister of State, led the UAE delegation to the open-ended extraordinary meeting of the Executive Committee of the Organisation of Islamic Cooperation, which was held at the foreign minister level. The meeting took place at the headquarters of the OIC’s secretariat in Jeddah at the request of Palestine and Iran, and discussed current developments and …

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 …