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

MADINAH / WAM Over 20 million worshippers visited the Prophet’s Mosque in Madinah during the first 20 days of Ramadan, reported the Saudi Press Agency (SPA). According to SPA, 1,643,288 individuals visited the Prophet’s grave, while Al-Rawda Al-Sharifa received a total of 358,632 men and 296,595 women during this period. These remarkable figures underscore the commitment of the General Authority …

MAFRAQ / WAM The Emirati-Jordanian camp for Syrian refugees in Mrajeeb Al Fhood hosted an Iftar for 200 families of Syrians and underprivileged Jordanian families. Hassan Salem Al-Qaidi, Head of the Emirati Relief Team in Jordan, said the Iftar was held under the directives of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman …

DUBAI / WAM Commercial Bank International (CBI) has announced its investment in zypl.ai, a fintech startup pioneering the application of generative AI in lending. Commenting on zypl.ai, Ali Sultan Rakkad Al Amri, CEO of CBI, said “Our partnership with zypl.ai, an innovative AI platform, signifies a strategic entry into using AI implementation for advanced credit scoring. By harnessing zypl.ai’s synthetic …

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 …