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

  Bloomberg Norway’s central bank kept rates unchanged at a record low and said it was “sticking to plans” even as inflation and the krone have come in weaker than forecast. The benchmark deposit rate was held at 0.50 percent, Norges Bank said in Oslo on Thursday. None of the 25 analysts surveyed by Bloomberg had expected any change. Since …

  Bloomberg The end of the interest-rate increase cycle in South Africa doesn’t mean that the South African Reserve Bank (SARB) will start reducing borrowing costs, Governor Lesetja Kganyago said. “We could be coming to the end of our hiking cycle,” Kganyago said in an interview with Bloomberg TV’s Francine Lacqua on Thursday. “That you are coming to the end …

  ABU DHABI / WAM Foreign investors secured AED6.4 billion in gains during April, 2017, augmenting the total market value of foreign stocks at Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) to AED97.7 billion ($26.6 billion) by end of last month, a 7% increase from AED91.3 billion ($24.8 billion) in March. The growth is attributable to an …

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 …