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

MEXICO CITY / WAM At least 18 people were killed and 33 injured when a bus fell off a cliff in western Mexico, Reuters said. The prosecutor’s office in Nayarit, the state where the accident occurred, said the vehicle fell some 15 metres (49.21 feet) down a ravine on a highway connecting the state capital Tepic and the tourist destination …

BLOOMBERG Santiago Pena, a former finance minister, scored a major victory in Paraguay’s presidential election, as voters gave the ruling Colorado Party a third straight mandate to run the South American country. Pena, 44, had 43 percent of the vote with more than 98 percent of voting stations counted, according to preliminary results from the electoral court. His main challenger, …

BLOOMBERG China’s manufacturing activity unexpectedly contracted in April, a sign the economic recovery remains patchy and may be struggling to sustain momentum. The official manufacturing purchasing managers’ index (PMI) fell to 49.2 from 51.9 in March, the National Bureau of Statistics (NBS) said. The gauge dropped below the level of 50 — which signals contraction from the previous month — …

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 …