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

Bloomberg Brian Hartzer succumbed to the inevitable and resigned as Westpac Banking Corp chief executive officer, forced out by an investor backlash over allegations the lender committed the biggest breach of money-laundering laws in Australia’s history. The 52-year-old becomes the third of Australia’s big-four bank CEOs to be undone by scandal in the past two years. The laundering suit, including …

Bloomberg Citigroup Inc hired two investment bankers from HSBC Holdings Plc in Asia, continuing a buildup to strengthen its Chinese real estate advisory business. The New York-based bank hired Kara Wang as managing director and co-head of real estate investment banking for Asia, according to an internal memo that was confirmed by James Griffiths, a Hong Kong-based spokesman. Dayday Zhou, …

Bloomberg Thailand said its latest round of stimulus will spur more than 100 billion baht ($3.3 billion) of spending, as it steps up efforts to fight an economic slowdown caused by baht strength and the US-China trade war. “The measures are to help sustain the economy amid global uncertainty,” finance minister Uttama Savanayana said in a briefing in Bangkok, adding …

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 …