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 National Insurance Company (ADNIC) has approved the distribution of 45 percent cash dividends (AED 0.45 per share, implying total cash dividends of AED 256.5 million) for the financial year ended 31st December 2023, after concluding its Annual General Meeting (AGM) today. Shareholders discussed and approved all items on the agenda for the AGM, including ADNIC’s …

ABU DHABI/ WAM Haitham Al Ghais, Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), emphasised the need for increased investments in the oil industry to meet global energy demands and sustain economic growth. He stressed that these investments are crucial for ensuring reliable energy supplies for current and future generations. In statements to Emirates News Agency (WAM), …

ABIDJAN/ WAM The UAE Embassy in Abidjan provided food packages for Ramadan and iftar meals to numerous residents in Anyama, a suburb of Abidjan, in coordination with official entities and institutions. Ali Yousef Al Nuaimi, UAE Ambassador to the Republic of Côte d’Ivoire, expressed his gratitude to the Emirates Red Crescent Authority for the initiative, stating, “The aid delivered reflects …

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 …