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

VIENNA / WAM The Opec Fund for International Development (Opec Fund) has entered into two separate loan agreements worth $20 million each with Acwa Power. The funds will be used to support the construction and operation of two wind power plants — the 500 MW Dzhankeldy wind farm and the 500 MW Bash wind power plant, located in the Bukhara …

NEW DELHI / WAM The Asian Development Bank (ADB) has projected growth in India’s gross domestic product (GDP) to moderate to 6.4% in fiscal year (FY) 2023 ending on March 31, 2024 and rise to 6.7% in FY2024, driven by private consumption and private investment on the back of government policies to improve transport infrastructure, logistics, and the business ecosystem. …

ABU DHABI / WAM Abu Dhabi University (ADU) and Sky News Arabia Academy (Snaa) signed a cooperative memorandum of understanding (MoU) to offer the College of Arts and Sciences students comprehensive knowledge, understanding, and skills to excel in the field of mass communication. The main aim of the MoU is to train future media professionals in the fields of TV, …

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 …