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

  Bloomberg Alcoa Corp warned that surging costs around the globe have rendered as much as 20% of aluminum-production capacity unprofitable. Despite rising worldwide aluminum demand, Alcoa will be pinched by escalating costs for energy and raw materials, Chief Executive Roy Harvey said during a call with analysts. “Based on June’s average prices, we estimate that between 10% to 20% …

Bloomberg The first all-new order for Airbus SE’s mainstay A320 jet of this week’s Farnborough International Airshow was distinctly lacking in the hoopla that usually accompanies deals unveiled at the world’s leading aviation expo. The $2 billion transaction from Latam Airlines Group SA of Chile was communicated by email at the show in the UK, when most show delegates were …

  Bloomberg Akasa Air, India’s newest carrier backed by billionaire Rakesh Jhunjhunwala, started ticket sales for its debut flights. The low-cost airline will initially fly Boeing Co 737 Max jets to four Indian cities, including Ahmedabad, Bengaluru, Mumbai, and Kochi, according to a statement. The carrier will start operating 28 weekly flights between Mumbai and Ahmedabad on August 7, followed …

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 …