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

Bloomberg The spread of the coronavirus to China’s stock market erased more than $10 billion from the collective net worth of the richest 15 people whose companies trade on the mainland. Midea Group founder He Xiangjian lost $1.8 billion, the most among that group, as shares of the appliance manufacturer tumbled 8.9%. He was followed by Zhang Fan, whose fortune …

Bloomberg Central banks in Asia face increasing calls to cut interest rates as they jump into action against a spiralling coronavirus crisis that’s hammering tourism, travel and confidence across the region. The People’s Bank of China (PBOC) trimmed some interest rates and injected massive liquidity into the financial system to shore up slumping markets. Indonesia’s central bank said it was …

Bloomberg The European Central Bank (ECB) needs an “understandable, forward-looking and realistic” inflation goal — but not necessarily a higher one, according to Bundesbank President Jens Weidmann. The German staked out his position on the most important part of the ECB’s strategy review for the first time since President Christine Lagarde launched the assessment last month. She was in 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 …