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

BLOOMBERG Bitcoin’s 2023 rebound has stalled around the closely watched $30,000 level, hampered by the latest US crypto crackdown and a more sober assessment of the outlook for Federal Reserve monetary policy. The largest token edged up less than 2% to $29,941 in New York, after sinking 3% a day earlier in its worst drop since March 9. Ether and …

LONDON / WAM Gold prices rose on Tuesday after two sessions of losses as the dollar eased, while investors sought more clarity on the US Federal Reserve’s monetary policy stance, Reuters reported. Spot gold was up 0.2% at $2,001.09 per ounce, as of 0457 GMT. Also, US gold futures rose 0.2% to $2,011.10. Spot silver dipped 0.4% to $25.02 per …

BLOOMBERG US equity futures pointed to gains for Wall Street as signs of a Chinese economic bounceback helped markets look past patchy company earnings and the possibility of more central bank policy tightening. Contracts on the S&P 500 gained 0.4%, while those on the tech-heavy Nasdaq 100 climbed as much as 0.6%. Investors are preparing for more first-quarter earnings, including …

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 …