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

Bloomberg Hennes & Mauritz (H&M) and Zara owner Inditex both reported that an improvement in sales stalled in the autumn as a new round of Covid-19 lockdowns led consumers to curb spending on clothes. From late October through November, H&M’s sales fell 22% from a year earlier, the Swedish retailer said on Tuesday. Spanish rival Inditex reported a revenue decline …

Bloomberg JPMorgan Chase & Co won a deal to issue cards in the US for Air Canada, the bank’s first new co-brand card partner in more than a decade. The companies plan to introduce the airline’s Aeroplan credit card in late 2021, using the Mastercard Inc network. The expectation is that air travel will have begun to recover by then …

Bloomberg London’s Heathrow airport is waiting for a ruling from the UK Supreme Court on Wednesday that could give it permission to build a third runway that it may no longer need. An appeals court ruled in February that the government failed to take full account of the Paris Climate Agreement when approving the airport’s expansion. Heathrow was allowed to …

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 …