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 Sheikh Nahyan bin Saif Al Nahyan, UAE ambassador to the Kingdom of Saudi Arabia and Permanent Representative to the Organisation of Islamic Cooperation (OIC), headed the UAE delegation which attended the open-ended Extraordinary Meeting of the OIC Executive Committee for Permanent Representatives to discuss a unified Islamic position on the ongoing Israeli attacks on Al-Aqsa Mosque. …

BLOOMBERG Airbus SE delivered 127 jetliners in the first quarter, a 9% drop from a year earlier, as parts shortages spilled into 2023. Deliveries totalled 61 aircraft in March, the world’s biggest planemaker said. The first-quarter drop will make it harder for Airbus to reach its goal of increasing shipments to 720 this year. Meeting output targets is crucial for …

BLOOMBERG Costco Wholesale Corp slipped in late trading as the second straight slowdown in a key monthly sales gauge stoked doubts about the strength of US consumers. US comparable sales eked out only a 0.9% gain in March after excluding the impact of changes in gasoline prices, the company said in a statement. That’s the smallest advance since April 2020 …

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 …