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

  MADRID / REUTERS Spain’s Caixabank said on Monday it would launch a full takeover bid for the 56 percent of Portuguese lender Banco BPI that it does not already own for 1.113 euros ($1.26) per share. The offer was dependent on acceptance topping 50 percent and the Portuguese bank eliminating a 20 percent shareholder rights limitation, the Spanish bank …

  REUTERS Arab National Bank, Saudi Arabia’s seventh-largest lender by assets value, reported a 2.8 percent fall in first-quarter profit, but still beat analysts’ forecasts. Net profit in the three months to March 31 was 749.2 million riyals ($199.8 million), compared to 770.6 million riyals in the corresponding period of the previous year, it said in a bourse statement. Four …

  Bloomberg CDC Group Plc is seeking to purchase a 10.68 percent stake in I&M Holdings Ltd. of Kenya through a private share transfer, the lender said. The UK-based development finance institution entered into a conditional agreement to buy shares held by Deutsche Investitions- und Entwicklungsgesellschaft and Proparco, which have 6.25 percent and 4.43 percent respectively, according to a statement …

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 …