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

  Bloomberg European Union lawmakers plan to soften draft rules on asset-backed securities after concerns that an earlier proposal would hinder a market-revival drive. Negotiators for the main political parties in the European Parliament’s Economic and Monetary Affairs Committee agreed to give ground on risk-retention levels, the most contentious aspect of their initial plan. The risk-retention requirement is intended to …

  Brasília / AFP Brazil’s central bank cut its key interest rate for the second month running, as data showed that the recession hitting Latin America’s largest economy continued into the third quarter. The central bank lowered the benchmark Selic rate by a quarter of a percentage point, to 13.75 percent — still one of the world’s highest. “The available …

Emirates Business Barclays was named Best Overall GCC Private Bank at the WealthBriefing GCC Region Awards 2016, further emphasizing the bank’s continuous commitment to delivering outstanding services in the private banking sector across the region. This recognition from Wealthbriefing comes from a distinguished panel of independent jury members and is considered to be one of the most prestigious awards for …

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 …