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 Statistics Centre – Abu Dhabi (SCAD) has released estimates showing that Abu Dhabi’s gross domestic product (GDP) grew by 3.9 percent in the first quarter of 2023 compared to the same period in 2022. This growth was driven by the robust performance of non-oil economic activities in the emirate. The statistics indicate a remarkable 6.1 percent …

RAS AL KHAIMAH / WAM Leading global innovator in autonomous vehicle technology, BaseTracK, chose the UAE as its research and development base by setting up its office and workshop in Ras Al Khaimah Economic Zone (Rakez). Along with the facility inauguration, BaseTracK unveiled its first local autonomous truck at an immersive test-drive event in Al Hamra, marking a significant milestone …

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has issued Decision No (9) of 2023 on the new Board of Trustees of the Dubai Appreciation Award for Community Service. Abdullah Khalifa Al Marri will chair the Board. Other members of the Board include Ahmed Mohammad …

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 …