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Bloomberg Ukraine’s Privatbank, which was nationalised last year, said a UK court froze $2.5 billion of its ex-owners’ assets as the government seeks to recoup its bailout of the nation’s No. 1 lender. Justice Christopher Nugee in the UK High Court granted a worldwide freezing order against billionaires Igor Kolomoisky and Gennady Bogolyubov, including six companies they’re believed to own …

BENGHAZI / Reuters Libya’s eastern-based parliament approved a new central bank governor on Tuesday, deputies said, cementing financial divisions as the country grapples with political turmoil and economic crisis. Libya, an oil producer, has two governments as a result of a power struggle waged since the toppling of Muammar Gaddafi in 2011 — a UN-backed government in Tri-poli and an …

Bloomberg Talk to bankers in Miami who manage the fortunes of Latin Americans and they’ll tell you how hard they’re working to improve compliance with “know-your-customer” rules in the wake of corruption, tax-evasion and money-laundering scandals. The effort required to vet wealthy individuals from outside the US can be so intensive that banks are increasing minimum investment amounts for prospective …

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 …