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

BLOOMBERG Seven & I Holdings Co is closing roughly one out of every four of its Ito-Yokado stores in Japan, marking the retailer’s latest response to pressure from an activist investor to streamline its business. Shares in the world’s largest convenience-store operator rose 4.1%, the most in two months, after public broadcaster NHK reported the store closings. The Tokyo-based company …

BLOOMBERG Advent International and CVC Capital Partners are among private equity firms weighing bids for a minority stake in Deutsche Lufthansa AG’s aircraft maintenance and repair unit, people with knowledge of the matter said. A stake in Lufthansa’s Technik business is also attracting initial interest from Bain Capital and Blackstone Inc, according to the people, who asked not to be …

BLOOMBERG WHP Global, the owner of the Toys ‘R’ Us and Express retail brands, has secured $375 million in growth capital from private equity giant Ares Management Corp. The transaction values the company at $1.6 billion, according to a statement reviewed by Bloomberg News. The investment will add significant cash to the retail operator’s balance sheet and spur its “next …

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 …