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

  Tokyo / AFP The Bank of Japan on Tuesday lifted its view of the economy for the first time in over a year, as the sliding yen boosts exports, offering some hope for Tokyo’s stuttering growth programme. Policymakers held fire on further stimulus and said they would maintain a plan to keep the yield on government 10-year bonds around …

  London / AFP British bank Lloyds on Tuesday bought Bank of America’s UK credit card division MBNA for £1.9 billion in the first acquisition since its government bailout during the global financial crisis. The deal, worth $2.4 billion or 2.3 billion euros, will bolster the group’s position in Britain’s prime credit card market, Lloyds Banking Group (LBG) said in …

  New York / AFP New York’s state bank regulator fined Italian bank Intesa Sanpaolo $235 million for “sweeping violations” anti-money laundering laws and deliberately concealing information from bank examiners. The big Italian bank failed to flag questionable transactions and deviated from policies designed to root out wrongdoing, which “seriously (compromised) the security of the international financial system,” said Maria …

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 …