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

  Bloomberg PPC Ltd is in the final stages of negotiating a 2 billion rand (SU$132 million) bridging guarantee facility, seeking to shore up its balance sheet after a credit-rating cut and warnings of a possible liquidity squeeze. South Africa’s biggest listed cement maker is also working on a plan to raise 3 billion rand to 4 billion rand and …

  Bloomberg Banks took 2.46 billion pounds (US$3.5 billion) in the first of three extra liquidity operations the Bank of England is holding this month to shore up funding as the UK considers its future in the European Union. Governor Mark Carney is offering the cash — in exchange for collateral — as a precaution to help ensure the smooth …

  Bloomberg JPMorgan Chase & Co. has joined USA rivals including Bank of America Corp and USA Bancorp in letting customers transfer money between the lenders in real time, challenging ventures including PayPal Holdings Inc’s Venmo. JPMorgan, whose Chase QuickPay product handled US$20 billion in peer-to-peer transfers last year, began offering the service after customers requested it, said Barry Sommers, …

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 …