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

Bloomberg The Delta variant of Covid-19 is scything through aviation just as key markets were getting back on their feet. In the US, Southwest Airlines Co is blaming the Delta strain for a rash of cancelled bookings and a slowdown in demand that may push it and several others to quarterly losses. After leading the industry’s recovery for much of …

Bloomberg US aviation regulators are opening a new review of Boeing Co after a survey of company engineers found a sizable percentage said they couldn’t raise safety concerns without interference. A survey conducted by the Federal Aviation Administration (FAA) from May through July found that 35% of Boeing employees raised issues of conflicts of interest and a lack of independence, …

Bloomberg Richard Branson’s Virgin Orbit agreed to go public through a reverse merger with NextGen Acquisition Corp II that will value the satellite-launch company at $3.2 billion. Investors including Boeing Co and AE Industrial Partners committed $100 million to Virgin Orbit through a private investment in public equity, according to a statement. The merger is expected to provide the new …

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 …