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

  Bloomberg UBS Group AG hired Brevan Howard Asset Management LLP’s Arend Kapteyn as chief economist of its investment bank. Kapteyn will join the Swiss lender on August 1 in London and will report to global head of investment bank research Juan Luis Perez, according to an internal memo obtained by Bloomberg News. A spokesman for the bank confirmed the …

  Bloomberg Selling shares in an Italian bank today, as one fund manager put it to Gadfly, is like selling black shoes in spring time—a tough exercise. Carlo Messina, CEO of one of the banks overseeing the IPO of Veneto Banca, a troubled Italian lender struggling to meet European Central Bank requests to boost capital, has given his own grim …

  Moscow / AFP Russia’s second largest bank VTB on Monday announced a return to profit in the first quarter, saying “stabilisation” in the Russian economy had boosted revenues, although by less than analysts had expected. Between January and March, state-controlled VTB posted a net profit of 600 million rubles ($9.24 million), after a 18.3-billion-ruble loss in the same period last …

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 …