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

Bloomberg Egypt plans to sell a stake in Banque du Caire, one of the country’s biggest state-owned lenders, towards the end of this year, central bank Governor Tarek Amer said. “The size is around 20 percent; might go up to 30 percent,” Amer said in an interview in Washington, where he attended the International Monetary Fund and World Bank annual …

Bloomberg Jeremy Corbyn being elected UK prime minister would be just as damaging to British banks’ profits as the country crashing out of the European Union without a withdr- awal agreement, according to Citigroup Inc. While London-listed bank stocks have recovered from last year’s lows as the risk of a “no-deal Brexit” gradually subsides, a snap election is becoming more …

Bloomberg In the country that gave the world teenage climate activist Greta Thunberg, shame connected with travelling on airplanes that guzzle fossil fuels may now be having a real impact on travel patterns. Swedavia AB, which operates 10 Swedish airports including the ones outside Stockholm and Gothenburg, has seen year-on-year passenger numbers drop for seven consecutive months. Last year, Sweden …

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 …