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

BLOOMBERG Frasers Group Plc, the retail empire majority owned by tycoon Mike Ashley, has raised its stake in struggling online fashion hub Asos Plc. Already Asos’s third-largest shareholder, Frasers raised its holding to 8.8% from 7.4%, according to a filing. The stake has grown from around 5% in October. Ashley founded Sports Direct four decades ago and built it into …

BLOOMBERG Japan’s two biggest airlines are in advanced talks to buy aircraft from Airbus SE and Boeing Co, with announcements possible as soon as the Paris Air Show this month, according to people familiar with the matter. All Nippon Airways (ANA) is looking to place orders for as many as 50 Airbus A321neo jets, said the people, who asked not …

BLOOMBERG KLM will need to defend its ad campaign promoting climate-friendly flying in court over greenwashing allegations after an Amsterdam judge paved the way for a full trial. The Dutch arm of Air France-KLM’s advertisements “breach EU consumer law standards by creating a false impression that its flights do not contribute to the worsening climate emergency,” environmental campaigners Fossielvrij and …

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 …