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

Dubai / Emirates Business During full year 2015, DAMAC recorded revenue of AED 8.54 billion, gross profit of AED5.07 billion. DAMAC recorded net profit for the year at AED 4.51 billion, an increase of 30% compared to 2014. During 2015, its total assets grew 25% to AED 23.45 billion, total equity grew 87% to AED9.83 billion. Gross debt stood at …

Bloomberg Cold War foes Russia and Pakistan are set to hold their first joint military drills on land, a sign that neighbouring Afghanistan may avoid becoming the site of another proxy war between global powers. Russian President Vladimir Putin, in need of cash, is seeking to shift away from his country’s decades-old relationship with India—which is also buying more weapons …

Istanbul / AFP Two suspected people smugglers went on trial in Turkey on Thursday charged with causing the death in September of a Syrian toddler the picture of whose lifeless body washed up on a Turkish beach shocked the world. The trial of Syrian nationals Muwafaka Alabash and Asem Alfrhad opened at the criminal court in the western Turkish resort …

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 …