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

KUWAIT / WAM Kuwait’s oil price rose USD 2.2 per barrel to USD 27.72 per barrel on Thursday against USD 25.52 per barrel on Wednesday, Kuwait Petroleum Corporation, KPC, said on Friday. According to Kuwait News Agency, KUNA, contracts of the Brent Blend, for the nearest delivery, fell 34 cents to USD33.94 pb, while the American crude contracts dropped 29 …

ABU DHABI / WAM The International Petroleum Investment Company (IPIC), wholly owned by the Government of Abu Dhabi, has welcomed the new strategy announced by the Austrian’s OMV, an integrated international oil and gas company. Murtadha al-Hashemi, Chief Financial Officer, IPIC, and board member of the OMV, said that with the decline in oil prices, OMV faces difficulties, adding that …

Dubai / Emirates Business DAMAC Properties has announced a major new project, destined to become another icon of Dubai’s real estate landscape. ‘AYKON City’ is a six tower luxury project comprising Dubai’s first all-suites, 80 storey AYKON Hotel and Residences, a 63 storey DAMAC Maison Serviced Hotel Residences, a 60 storey apartment tower, a 65 storey office tower and two …

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 …