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 Abu Dhabi Commercial Bank PJSC (ADCB) today reported its financial results for the first quarter of 2024 (Q1’24). ADCB has continued growth momentum into 2024, delivering a first-quarter net profit before tax of AED2.431 billion, an increase of 26 percent year-on-year (YoY). Net profit after tax was AED2.139 billion, with a return on average tangible equity of …

ABU DHABI/ WAM The Ministry of Climate Change and Environment (MOCCAE) today signed a Memorandum of Understanding (MoU) with the Ministry of Maritime Affairs and Investment of the Republic of Indonesia, to support the country in reducing plastic waste leakage into the oceans. The formal signing ceremony took place on the sidelines of The AVPN Global Conference 2024 in Abu …

ABU DHABI/ WAM Ryan McPherson, Regional Director (Middle East, Africa, Russia & CIS) for the Energy Industries Council (EIC), said that the United Arab Emirates is making continuous progress in the renewable energy sector, ranking advanced among regional countries in terms of clean and renewable energy production capacity. MacPherson added in statements to the Emirates News Agency (WAM), on the …

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 …