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

  Bloomberg Electricite de France (EDF) SA kicked off a deeply discounted rights offering of more than 3.1 billion euros ($3.4 billion), a stopgap measure as the state prepares to overhaul the ailing nuclear power giant. A broader reform of the debt-laden utility is planned by President Emmanuel Macron, who said some EDF assets should be nationalised. The firm, already …

  Bloomberg Italy’s government is set to approve a new set of measures to cushion families and businesses from continuing increases in energy and fuel prices. The new aid won’t require additional borrowing for the time being, Prime Minister Mario Draghi said during a press conference in Rome. The package is set to be approved at a cabinet meeting. Financing …

  Bloomberg TotalEnergies SE has been warned by two UK shareholders that they would divest their stakes if the French company fails to exit its businesses in Russia. The Church of England Pensions Board and the Church Commissioners for England are turning up the heat on the energy major’s Chief Executive Officer Patrick Pouyanne, a sign of the pressure companies …

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 …