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

  Bloomberg ABN Amro Group NV agreed to sell its private-banking assets in Asia and the Middle East to Liechtenstein-based LGT Group, following its European rivals in shrinking overseas operations. The unit manages about $20 billion in Singapore, Hong Kong and Dubai, representing about 10 percent of its private-banking assets globally, the Dutch bank said in a statement on Tuesday. …

  Bloomberg Barclays Plc agreed to sublet office space in London’s Canary Wharf financial district to the UK government, saving the cost-pressured British bank about 35 million pounds ($45 million) a year. The Cabinet Office will lease about 540,000 square feet of space in 10 South Colonnade, according to a statement on Barclays’s website Tuesday. IT and human resources staff …

  Bloomberg HSBC Holdings Plc plans to step up hiring in China for its retail and wealth business next year as the U.K. lender persists with its expansion there despite the country’s economic slowdown and measures to stem capital outflows. The bank increased the number of retail-bank employees in China’s Pearl River Delta by 57 percent in the 12 months …

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 …