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

  Bloomberg Banca Monte dei Paschi di Siena SpA will offer a voluntary debt-for-equity swap on 4.29 billion euros ($4.6 billion) of subordinated securities as part of its effort to reduce the amount of stock the struggling Italian lender would need to sell in its turnaround plan. The bank is offering shares in exchange for Tier 1 securities and Tier …

  Bloomberg UniCredit SpA, Italy’s biggest bank by market value, climbed in Milan trading after news agency Ansa reported talk of a combination with France’s Societe Generale SA. UniCredit rose as much as 5.8 percent and was up 2.5 percent at 2.35 euros as of 9:57 a.m. Societe Generale was trading 1.4 percent higher at 40.35 euros. The stock has …

  Bloomberg Russia’s biggest bank Sberbank said on Tuesday its net profits had doubled as borrowing in the country picked up after an abrupt halt last year. The country’s most popular consumer bank saw third-quarter net profits soar to 137 billion rubles ($2 billion) — a gain of 110 percent compared to the same period in 2015. The results were …

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 …