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

BLOOMBERG Tech stocks were in retreat as Oracle Corp posted slowing cloud sales, while the euro and pound weakened on concern the Europe faces a growing threat of stagflation. Nasdaq 100 Index futures slipped 0.3%, signalling the index will pare September 11’s 1.2% rally. In Europe, packaging company Smurfit Kappa Group plunged 11% after it announced a deal to combine …

BLOOMBERG As weakness in the yen looks set to continue into next year, prospects for gold priced in the Japanese currency have rarely looked so good. Japanese investors with exposure to yen—denominated bullion have earned themselves healthy returns so far this year, with domestic prices for the precious metal now hovering around a record high of 10,000 yen per gram …

ABU DHABI / WAM Louvre Abu Dhabi’s newest exhibition, Letters of Light, featuring some of the oldest texts of the three monotheistic religions, will open on 13th September 2023. Held in partnership with Bibliothèque nationale de France and France Muséums, Letters of Light explores the historical context in which the holy books emerged, the way they have been passed down …

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 …