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

Bloomberg Richard Branson’s Virgin Atlantic Airways filed for Chapter 15 bankruptcy protection in the US after telling a London court it was set to run out of cash next month if a pending rescue deal isn’t approved. The airline filed its petition in the Southern District of New York. Chapter 15 allows foreign companies with US assets to protect themselves …

Bloomberg American Airlines Group Inc is offering additional programs to encourage more pilots to leave the carrier, stepping up efforts to avoid forced furloughs later this year as the coronavirus pandemic guts travel demand. The options include a plan to alternate months of flying and unpaid time, leaves of absence of as long as three years and a voluntary early-exit …

Bloomberg Hedge fund manager David Einhorn said he bought a stake in Atlas Air Worldwide Holdings Inc in the second quarter, betting that the cargo carrier will benefit from a shortage of airfreight capacity caused by the coronavirus pandemic. Passenger planes handled about half the world’s airborne cargo before the pandemic, with most of it on long international flights, the …

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 …