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

Bloomberg Lessors have taken back at least 27 planes from Mexico’s Interjet, according to a company that tracks leased aircraft, making the airline one of the first to lose a big chunk of its fleet as the coronavirus pandemic torpedoes travel demand. The repossessed Airbus SE jets have been flown mainly to Arizona and California, said UK-based aviation consultant IBA …

Bloomberg Wizz Air Holdings Plc Chief Executive Officer Jozsef Varadi said Europe’s third-biggest discount carrier will take delivery of hundreds of new jetliners as planned despite idling 90% of capacity in response to the coronavirus outbreak. Wizz will accept all 15 Airbus SE planes due this year, followed by the rest of its commitment, to position itself for a post-virus …

Bloomberg Japan’s major airlines are on track to see revenue drop by $4.6 billion from February through May, an industry group said, pushing ANA Holdings Inc and Japan Airlines Co closer to the crisis ensnaring other global carriers because of the coronavirus pandemic. Scheduled Airlines Association of Japan’s forecast amplifies its warning from from March 13, when it predicted losses …

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 …