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

  Bloomberg Fashion retailers Hennes & Mauritz AB, Burberry Group Plc and Boohoo Group Plc are curtailing operations in Russia after its invasion of Ukraine, with the Swedish clothing chain expressing concern about “tragic developments” there. H&M is pausing all sales in Russia after shutting stores in Ukraine for safety reasons, it said. Burberry has halted shipments to the country …

  Bloomberg Boeing Co is caught in a bind after the US barred Russian airlines from its skies following the invasion of Ukraine. The move could affect Boeing’s main wide-body plant in Everett, Washington, near Seattle, where giant Antonov An-124 cargo planes operated by Russia’s Volga-Dnepr Group are used to fly structures from other plants. The US Transportation Department had …

  Bloomberg Canada’s WestJet Airlines Ltd agreed to buy low-cost rival Sunwing Airlines and Sunwing Vacations tour operations, ramping up competition in an industry that’s emerging from two years of turmoil brought on by the coronavirus pandemic. WestJet and Sunwing announced the deal in a statement, noting that Sunwing’s current shareholders will become equity holders of WestJet. Terms weren’t disclosed. …

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 …