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

ANKARA / Bloomberg Profit at Turkey’s national airline surged last year as lower fuel costs compensated for geopolitical risks and security concerns. Turkish Airlines’ net income rose to a record $1.1 billion last year from $832 million in 2014, the company said in a statement to the Borsa Istanbul late on Monday. That beat expectations of all 22 analysts in …

BEIJING / Bloomberg Airbus Group SE drew a line on how far it’s prepared to extend jetliner production into China, saying it won’t help competitors develop aircraft, and that the country’s wide-body orders don’t justify building its most lucrative models there. No talks have taken place about construction of twin-aisle jets such as the A330 and A350 in China, Fabrice …

Cape Town / Bloomberg Steinhoff International Holdings NV Group made an unsolicited, 662-million-pound ($924 million) bid for French electronics retailer Darty Plc, seeking to break up Groupe Fnac SA’s agreement to buy the company. The South African retailer proposed to pay 125 pence a share in cash, Darty said in a statement Wednesday. The bid is 8.5 percent above Darty’s …

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 …