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 The number of travellers passing through Abu Dhabi’s airports reached around 22.4 million in 2023. Data released on Wednesday by Abu Dhabi Airports in the Key Transport Statistics 2023 report by the Statistics Centre – Abu Dhabi (SCAD), revealed that the number of annual arrivals through the emirate’s airports reached over 11.1 million, while the number of departures …

ABU DHABI/WAM The United Arab Emirates and the Federative Republic of Brazil have issued a joint statement to mark the 50th anniversary of the establishment of their diplomatic relations. Below is the full text of the statement: “The Ministries of Foreign Affairs of Brazil and the United Arab Emirates are pleased to mark 50 years of diplomatic relations between the …

ABU DHABI/WAM Adnoc Drilling Company on Wednesday confirmed the award of an estimated total contract value of $733 million, by Adnoc Offshore for three island drilling rigs in support of the growing operations at the offshore Zakum field. Abdulrahman Abdulla Al Seiari, Chief Executive Officer of Adnoc Drilling, said, “Adnoc Drilling is honoured to receive this substantial award, which marks …

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 …