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

Bloomberg The European Union is relaxing its guidance for mask wearing on flights starting next week even as many airlines have already abandoned those rules with Covid-19 concerns easing. Wearing face masks at airports and inflight should be aligned with national measures, the European Union Aviation Safety Agency said in a protocol. If either the departure or destination states require …

Bloomberg Rolls-Royce Holdings Plc said renewed coronavirus restrictions in China are holding back crucial service revenue from its jetliner engines even as markets begin to recover elsewhere. Over the first four months of 2022, flying hours, which determine revenue-generating maintenance visits, were 42% higher than the prior year, London-based Rolls-Royce said. “Passenger demand is recovering on routes where travel restrictions …

Bloomberg Activist investor Macellum Capital Management’s bid to overhaul the board of Kohl’s Corp was rejected by investors. Kohl’s shareholders voted against all 10 directors nominated by Macellum, according to a preliminary tally, the retailer said in a statement. The hedge fund has been pressuring the company for two years to overhaul its board or sell itself. That seems unlikely …

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 …