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

  Bloomberg UK retail sales bounced back in January as the impact of the Omicron variant on consumers ebbed. The volume of goods sold in stores and online added 1.9%, reclaiming some of the 4% plunge in December, the Office for National Statistics (ONS) said. It was the biggest monthly increase since April when non-essential stores reopened. Economists had expected …

  Bloomberg Hermes International shares fell the most in five years after the French luxury-goods maker reported lower revenue from its key leather-goods division as it failed to keep up with demand for products like $9,000 Birkin bags. The stock dropped as much as 8.4%, having lost more than a quarter of its value since setting a record late last …

  Bloomberg IndiGo co-founder Rakesh Gangwal resigned from the company’s board and plans to pare his stake over five years, according to a statement by the airline. Earlier this month, Rahul Bhatia, the billionaire co-founder of IndiGo, took on a newly-created executive position of managing director at the company. Gangwal had accused Bhatia of corporate governance lapses. The founders were …

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 …