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

BLOOMBERG Porsche AG’s first-quarter earnings jumped as luxury carmakers continued to show gains despite a slowing global economy. Operating profit rose to €1.84 billion ($2.03 billion) while revenue increased to €10.1 billion in the first quarter, the company said. That’s roughly 25% higher than 2022, though it failed to impress investors watching for aggressive price increases. Porsche shares fell as …

BLOOMBERG US futures and European stocks advanced, bouncing from losses, ahead of a Federal Reserve meeting at which policymakers are expected to extend their rate-hike cycle. Contracts on the S&P 500 and the Dow were higher, after underlying stocks slid in the prior session. Regional US lenders PacWest Bancorp and Western Alliance Bancorp fell in premarket trading, adding to the …

BLOOMBERG Investors have added almost $600 million to bets that an emerging-market index dominated by Chinese stocks will lose money. Short selling of the $71 billion Vanguard FTSE Emerging Markets exchange traded fund (ETF), which tracks an index heavy on Chinese A shares, surged in the past six weeks to $1.12 billion, or 1.6% of the fund, according to IHS …

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 …