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 Burjeel Holdings PLC, listed on the Abu Dhabi Securities Exchange (ADX), reported a 10.4 percent growth in revenue to AED 2.4 billion for the first half of the current year ending 30th June 2024. Outpatient and inpatient revenue increased by AED 137 million and AED 82 million, respectively, the group said in a statement today. Group earnings before …

ABU DHABI/WAM  Youssef Salem, Chief Financial Officer of ADNOC Drilling, projected the company to achieve net profits between US$1.15 billion and US$1.3 billion by the end of 2024. In a statement to the Emirates News Agency (WAM), he said that the company achieved net profits of about US$570 million during the first half of 2024, while it is expected to …

NEW ALAMEIN CITY/WAM The emirate of Fujairah and the Egyptian government have signed a cooperation agreement in the form of a Memorandum of Understanding (MoU) in the petroleum field. The signing ceremony took place at the government headquarters in the new Alamein city, in the presence of Egypt’s Prime Minister, Dr Mostafa Madbouly, and Karim Badawi, Egyptian Minister of Petroleum …

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 …