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

Bloomberg Warren Buffett’s Berkshire Hathaway Inc is betting big on banks. The billionaire’s company piled more than $13 billion into those stocks in the quarter, making Berkshire a major shareholder in four of the five largest US banks, according to a regulatory filing. Berkshire disclosed a new stake in JPMorgan Chase & Co and increased bets on Bank of America …

Bloomberg Australia’s central bank No. 2 official Guy Debelle says risky borrowing is more likely to be an accelerator to an economic downturn rather than its source, in an address discussing the impact of lending curbs. “If a negative shock were to hit the Australian economy, particularly one that caused a sizeable rise in unemployment, then the risk on the …

Bloomberg Indonesia’s central bank unexpectedly raised its benchmark interest rate for a sixth time this year to help rein in a widening trade deficit and bolster the currency. The seven-day reverse repurchase rate was raised by 25 basis points to 6 percent, surprising most economists who had predicted no change. That takes the cumulative rate hikes since May to 175 …

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 …