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 First Abu Dhabi Bank (FAB) has announced a strong start to 2023, with impressive returns resulting from their growth strategy. The group reported a net profit of AED3.9 billion in the first quarter, with key performance indicators indicating significant growth across all business segments and product lines. Operating income of the bank increased by 51% year-on-year, …

ABU DHABI / WAM Denis Sassou Nguesso, President of the Republic of Congo, received Captain Mohamed Juma Al Shamisi, AD Ports Group Managing Director and CEO, in Congo-Brazzaville to discuss future cooperation on the development of the ‘New Mole Port’. This visit follows the signing of a Head of Terms (HoT) agreement between AD Ports Group and the Ministry of …

ABU DHABI / WAM The Sorbonne University Abu Dhabi has announced a Mangrove Planting initiative to plant 65 mangrove trees on Al Reem Island, thus contributing to the Go Green 2023 environmental goals. The move is part of the university’s Go Green 2023 initiative, which aims to raise awareness and cultivate initiatives that address climate change challenges to move towards …

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 …