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

Mexico / Bloomberg Wal-Mart de Mexico SAB, a bright spot for its struggling US-based parent company, will benefit this year as a weak peso spurs an increase in remittances while inflation remains in check, Chief Financial Officer Pedro Farah said. Latin America’s biggest retailer also plans to invest more in e-commerce and sell non-core businesses such as its Suburbia apparel …

Berlin / Bloomberg Deutsche Lufthansa AG, the sole airline so far to take delivery of Airbus Group SE’s new A320neo model, will limit the plane to domestic German routes until glitches with the engine cooling system are resolved in coming weeks. Lufthansa has flown its first A320neo between Frankfurt, Hamburg and Munich since receiving the aircraft in January, and the …

BANGKOK / Bloomberg Thai Airways International Pcl will continue to ground 10 Airbus A340s it hasn’t been able to sell because flying the four-engine planes isn’t worth it, even after fuel prices plunged more than 40 percent in the past year. “The fuel consumption is so uneconomical,” Thai Airways International President Charamporn Jotikasthira said in an interview in Bangkok. “All …

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 …