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

Bloomberg Ethiopian Airlines Group has lost over $190 million as the impact of the coronavirus on global travel hurts Africa’s only consistently profitable airline. “Under the current situation, it is facing huge challenges,” Ethiopian Prime Minister Abiy Ahmed said in a televised address to the public. The carrier has suspended flights to 30 destinations as demand collapses and some countries …

Bloomberg Oil demand is plummeting — some traders say by 10 to 20 million barrels a day, or a fifth of global consumption — as millions find themselves in lock-down or self-isolating, causing travel to grind to a halt. “Demand has been decimated in short term,” said Andy Hall, one of the most successful oil traders of his generation until …

Bloomberg Australia plans an additional A$66 billion ($38.2 billion) in stimulus for the coronavirus-stricken economy, including cash payments of as much as A$100,000 to small businesses, in a second package aimed at averting recession and savings jobs. The plan, to be announced by Prime Minister Scott Morrison on Sunday, will provide A$25.2 billion in support to businesses and not-for-profit charities. …

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 …