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

Bloomberg National Bank of Canada Chief Executive Officer Louis Vachon said the Bank of Canada (BoC) is being “prudent” in reducing government bond purchases and hinting it may raise interest rates earlier than expected. “We don’t know how this thing will evolve — we’re navigating in uncharted waters,” Vachon said in an interview after the bank’s annual meeting. “But by …

Bloomberg The Reserve Bank of India (RBI) restricted American Express Banking Corp (Amex) and Diners Club International Ltd (Diners) from adding new local customers, citing non-compliance with data-storage rules. The order will take effect from May 1 and won’t impact existing customers, the RBI said in a statement. The firms are the first to be penalized under India’s data-storage rules …

Bloomberg The Bank of Russia unexpectedly raised its key interest rate by 50 basis points and signalled more tightening as ruble volatility contributed to inflation risks. The benchmark rate was raised to 5%, the Bank of Russia said in a statement. Thirteen economists out of 41 analysts forecast the move, while 28 expected a smaller cut, according to a Bloomberg …

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 …