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

Bloomberg South Africa’s rand plunged by almost 8% against the dollar, touching its weakest level on a closing basis since January 1980, as investors fled riskier assets, with tumbling oil prices adding to nervousness spurred by the spreading coronavirus. The currency soon pared losses as investor panic eased to trade 1.9% weaker at 15.9726 per dollar in Johannesburg. It briefly …

Bloomberg Qantas Airways Ltd and Air France-KLM became the latest airlines to announce massive cuts in flights as the coronavirus impedes travel. Qantas cut almost a quarter of its international flights for six months, grounded most of its giant A380 jets and slashed management pay as the outbreak hammers demand for travel. Air France said it plans to cancel 3,600 …

Bloomberg Federal regulators hit Boeing Co with proposed fines totalling $19.7 million for allegedly installing unapproved cockpit equipment in hundreds of 737 Max and Next-Generation aircraft. The company put the devices into a total of 791 planes even though the aircraft weren’t certified for the devices, the Federal Aviation Administration (FAA) said in a press release. The fine would be …

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 …