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Bloomberg The People’s Bank of China sold 20 billion yuan ($2.9 billion) of bills in its first issuance in Hong Kong on Wednesday, a move that could reduce the offshore yuan’s liquidity and support the Chinese currency. PBOC sold 10 billion yuan of three-month bills at 3.79 percent, according to a statement on the central bank’s website. It issued 10 …

Bloomberg Spain’s largest banks soared in Madrid trading after the Supreme Court said they aren’t liable for mortgage stamp duty payments that could have imposed billions of euros in extra costs. The court reversed an earlier ruling that lenders should pay the tax, which had typically been passed on to customers, sparking fury across the Spanish political spectrum and prompting …

Bloomberg Credit Agricole SA’s corporate banking and financing operations helped boost earnings at its investment bank for a second straight quarter, driving up the division’s revenue 5 percent. Analysts and investors will probably focus on the quality of the earnings and key metrics including bank’s improved financial strength and efforts on cost after net income and revenue came in near …

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 …