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

Bloomberg Carrefour SA is in advanced talks to sell a controlling stake in its Taiwanese operations to its local minority partner Uni-President Enterprises Corp, according to people familiar with the matter. Uni-President has emerged as the likeliest buyer for the French grocer’s 60% of the business, the people said, asking not to be identified because the matter is private. The …

  Bloomberg Kohl’s Corp said it has authorised Goldman Sachs Group Inc to coordinate with select bidders for the retailer so they can “refine and improve” their offers with proof of financing and binding documentation. Kohl’s said in a statement that it has received multiple preliminary indications of interest that are nonbinding and don’t have committed financing. Separately, the company …

  Bloomberg Alibaba Group soared 11% after ramping up its share buyback program to $25 billion, fuelling hopes that Beijing is easing off an internet crackdown that wiped out $470 billion of the e-commerce giant’s value. The board approved the program, which will run for two years through to March 2024, the company said. It also appointed a new independent …

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 …