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 Adnoc Drilling Company announced record first-quarter revenue and EBITDA for the period ending on March 31,2024. Adnoc Drilling has exceeded market expectations again this quarter, the third in a row, with revenue increasing to $886 million, up 24% year-on-year. The Offshore Jack-up and Oilfield Services (OFS) segments drove revenue growth, increasing 51% and 16% respectively year-on-year. …

ABU DHABI / AD MEDIA OFFICE Under the patronage of Her Highness Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood (SCMC), Supreme Chairwoman of the Family Development Foundation (FDF) and the Mother of the Nation, Sheikha Fatima bint Hazza bin Zayed Al Nahyan, Chairwoman of the Board of …

DUBAI/GULF TIME In a significant move for advancing space technology and industry in the Middle East, Alpha MBM Investments, a private investment office of Sheikh Mohammed Bin Maktoum Bin Juma Al-Maktoum, a member of the Dubai Royal family, has made an investment of US$25 million in Aspace International Holdings Limited. This investment, made in March 2024 at a valuation of …

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 …