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

SHARJAH / WAM Sharjah Islamic Bank (SIB) announced an increase in its operating profit before provisions by 31%, reaching AED 648.7 million for the first half of 2023, compared to AED 497.2 million for the same period in the previous year. The bank’s net profit amounts surged to AED 494.6 million for the first half ended on June 30, showing …

ABU DHABI / WAM Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development (ADFD), said the presence of a UAE Government delegation, which includes the ADFD, at the United Nations (UN) High-level Political Forum on Sustainable Development (HLPF) for 2023 in New York is of great importance, as it highlights the UAE’s pioneering model and exceptional experience …

ABU DHABI / WAM Burjeel Holdings has been awarded a contract to operate and manage Al Dhannah Hospital, one of the largest healthcare facilities in the Al Dhafra region, owned by Adnoc, in a significant move that further underlines its Operation and Management (O&M) capabilities. Under the agreement, Burjeel Holdings will assume full operational responsibility for Al Dhannah Hospital, aiming …

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 …