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

  Reuters The Islamic Development Bank (IDB) will elect a new president next week during its annual meeting to be held in Jakarta, replacing long-serving President Ahmad Mohamed Ali, the Jeddah-based multilateral lender said. Saudi Arabia, the IDB’s largest shareholder, has nominated former Haj Minister Bandar Hajjar for the post, whose candidacy was endorsed by the outgoing IDB president. The …

  Reuters The Lebanese economy is expected to grow 2 percent this year and deposits in Lebanese banks are forecast to rise by 4.5 to 5 percent, or around $8 billion, Central Bank Governor Riad Salameh said this week. Salameh, speaking at an economic conference in Beirut, described the economic growth as acceptable, adding that the International Monetary Fund had …

  Reuters Bahrain’s Bank ABC is set to appoint Christopher Wilmot to head its treasury department, sources aware of the matter said. Wilmot will start at the Bahraini lender next month, according to two of the sources, with one saying his title would be group head of treasury and financial markets. The current group treasurer at Bank ABC, John Eldredge, …

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 …