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

Bloomberg Commerzbank AG expects to post a loss this year as new Chief Executive Officer Manfred Knof ditches a failed growth strategy in favour of deep cost cuts. While the German lender seeks to achieve an operating profit, 900 million euros ($1.1 billion) in costs for its turnaround plan and loan loss provisions between 800 million euros and 1.2 billion …

Bloomberg The UK government sold part of its stake in NatWest Group Plc for 1.13 billion pounds ($1.6 billion), reducing its holding for the first time in almost three years. The Treasury sold 590.7 million shares to the bank at the closing price of 190.50 pence, according to a statement. Its holding will be reduced to 6.9 billion shares, representing …

Bloomberg The Bank of Canada (BOC) provided the greatest guidance yet into how it plans to slow purchases of government bonds as the economic recovery accelerates, fuelling expectations it could begin doing so as soon as April. In a speech, Deputy Governor Toni Gravelle said the central bank is winding down emergency liquidity programs it deployed to grease markets when …

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 …