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Tokyo / AFP Japan’s Toshiba on Wednesday offered camera maker Canon exclusive rights to buy its medical devices unit, as the engineering giant sells businesses to recover from a major accounting scandal. The announcement comes as Toshiba expects a whopping loss of about $6.0 billion for the year to March due to sagging global demand and a spectacular profit-padding scandal, …

Beijing / Bloomberg Talk about a hostile takeover. What seemed like a straightforward consolidation of two Chinese cement makers has morphed into a test of President Xi Jinping’s push to streamline bloated industries and rebalance a lagging economy. Missing company chops, seized corporate offices, $700 million in bond defaults and suspended shares are major plot points in the story of …

Bloomberg The Canadian government is signaling it could test the waters of quota-free softwood lumber trade with the U.S., a move expected to reignite a dispute that simmered for decades. Canada’s trade minister wouldn’t commit to reaching a deal before the U.S. is allowed to again place tariffs on Canadian softwood lumber. The previous softwood agreement, which included quotas and …

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 …