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

  Bloomberg Saudi Arabian discount airline Flynas agreed so-called sale-leaseback deals that will fund the purchase of 14 Airbus SE narrow-body jets. The accords with leasing firms CDB Aviation, CMB Financial Leasing and Avolon Holdings Ltd cover part of a Flynas order for 120 Airbus A320neo aircraft, the carrier said in a statement. It said the planes have a value …

  Bloomberg Wm Morrison Supermarkets Plc is poised to take control of insolvent UK convenience-store chain McColl’s Retail Group Plc after a bidding war with gas station and convenience empire EG Group, according to people familiar with the matter. Morrison is purchasing McColl’s through a prepackaged administration, a form of UK insolvency proceeding. The plan is yet to be confirmed …

Bloomberg Europe’s biggest airlines are growing increasingly confident that the easing of coronavirus restrictions will kick off a summer boom as a surge in bookings spurs them to lift capacity. Deutsche Lufthansa AG and Air France-KLM are less certain about prospects going deeper into the year, with the German company saying that fuel prices are tough to predict and that …

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 …