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

  Bloomberg Brazil’s swap rates rose to the highest level in two months after the central bank said it sees no room to cut borrowing costs that are near a decade high as inflation hasn’t been moderating fast enough. Swap rates on the contract maturing January 2018 rose 0.06 percentage point to 12.88 percent at 10:35 a.m. in Sao Paulo. …

  Miami / AFP Futuristic technologies that promise to improve people’s strength and smarts by editing genes, implanting brain chips or super-charging blood have raised more concern than enthusiasm among Americans, a poll showed on Tuesday. The survey by the Pew Research Center included more than 4,700 US adults, and is considered a nationally representative sample. When asked about gene-editing, …

  Bloomberg Commerzbank AG dropped the most in a month after Germany’s second-largest bank disclosed an unexpected drop in a key measure of financial strength in the second quarter, hurt by higher operational risks such as legal expenses. The common equity Tier 1 ratio declined to 11.5 percent at the end of June, based on preliminary figures, from 12 percent …

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 …