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

Morrisons is shutting more than 100 loss-making McColl’s convenience stores, putting as many as 1,300 jobs at risk just a few months after buying the corner shop retailer out of insolvency. The British supermarket chain has identified 132 stores where “there is no realistic prospect of achieving a break-even position in the medium term” and will close those sites over …

Airbnb Inc. shares fell after the company gave a disappointing outlook for bookings in the fourth quarter, suggesting that consumer preferences are shifting away from higher cost rentals that thrived during the pandemic and back to urban and the cross-border destinations. The San Francisco-based home-sharing platform said it expects the pace of nights and experiences booked will “moderate slightly” in …

Billionaire Gautam Adani’s flagship firm is set for another bout of scrutiny when it reports earnings for the latest quarter on Thursday. Its stock meanwhile has overcome recent weakness to approach record levels. Shares of Adani Enterprises Ltd., which have been investor darlings for years now, are about 8 percent away from an all-time high reached in September. The stock …

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 …