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

  Bloomberg International Business Machines Corp (IBM) dropped from the top spot for US patents in 2022, the first time in decades Big Blue hasn’t claimed the most in a year, signalling a strategy shift at the longtime intellectual property leader. IBM’s patent count declined 44% to 4,743 patents in 2022, falling to No. 2 behind Samsung Electronics Co.’s 8,513, …

  Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has announced that it has applied financial contributions to private sector companies for failing to achieve the Emiratisation targets stipulated for the year 2022. This is in line with the implementation of the UAE cabinet’s resolution to raise the Emiratisation levels of skilled jobs by 2 percent …

  Bloomberg Oil pared a large weekly loss as US employment figures allayed some concerns of a major hit to global consumption this year. West Texas Intermediate climbed near $75 a barrel on Friday after the jobs data, but remained down almost 7% this week. Saudi Arabia reduced prices for crude sold to Asia and Europe in February, signaling concerns …

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 …