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 Emirates Global Aluminium (EGA) on Tuesday reported its strongest-ever financial results, announcing net profit of AED7.4 billion ($2.0 billion), up 34 percent from AED5.5 billion ($1.5 billion) in 2021. EGA’s adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (adjusted Ebitda) for 2022 was up 37 percent to a record AED12.4 billion ($3.4 billion), compared to AED9.0 …

ABU DHABI / WAM Mubadala Investment Company announced that it has partnered with primary investor Stone Point Capital, a private equity firm focussed on the global financial services industry, alongside other co-investors, to purchase a 20% stake for $1.95 billion in Truist Insurance Holdings, Inc, a subsidiary of Truist Financial Corporation. Based in Charlotte, North Carolina, Truist Insurance Holdings is …

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Tuesday at Qasr Al Shati Palace, received Andrzej Duda, President of the Republic of Poland. President His Highness Sheikh Mohamed bin Zayed welcomed President Duda and his accompanying delegation, expressing his hopes that his visit would constitute an impetus to the two countries’ relations. The two …

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 …