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

Bloomberg Alberta Energy Minister Sonya Savage said the Canadian government needs to release its aid package for the country’s energy industry soon as companies struggle with the Covid-19 pandemic and oil-price crisis. The package may include liquidity for companies and measures to help speed up the cleanup of old wells, Savage saidduring an online presentation. Bill Morneau, the federal finance …

Bloomberg Uniper SE and Siemens AG said they will develop a hydrogen business in an effort to slash fossil-fuel pollution from industrial processes. Uniper’s Chief Executive Officer Andreas Schierenbeck said his utility will seek to gradually replace coal and natural gas with hydrogen at some of its power generation plants. It will also adapt its gas pipelines and storage sites …

Bloomberg US coal production will fall even more sharply than expected this year as the coronavirus forces businesses to close down, dragging down demand for electricity. Mines will supply about 537 million tons of coal this year, down 22% from 690 million tons last year, the US Energy Information Administration (EIA) said. A month ago, before lockdown orders took effect …

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 …