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

  Zurich/ AFP Credit Suisse, Switzerland’s second-biggest bank, said on Thursday it defied market expectations by posting a profit amid a vast cost cutting programme. Net earnings came in at 41 million Swiss francs (38 million euros, $42 million), a massive decline of 95 percent from the same quarter last year. But the bank still did better than analysts had …

  Bloomberg After scaling back Australia & New Zealand Banking Group Ltd.’s Asian businesses, Chief Executive Officer Shayne Elliott is now turning his attention closer to home. The country’s third-biggest bank is exploring “a range” of possible options for its Australian wealth business, it said on Thursday as it announced its its lowest full-year earnings since 2011. That may include …

  LAGOS / AP The African Development Bank (AfDB) is loaning Nigeria $600 million to help offset a budget deficit of $7 billion, a statement said. The bank said another $400 million would be approved next year if the government implements reforms to economize on government costs, combat corruption and promote diversification and competitiveness in Africa’s biggest economy. Nigeria is …

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 …