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

  Bloomberg The Swiss National Bank’s (SNB) long-standing claim that the franc is “highly valued” is looking harder to justify as officials watch it strengthen to within striking distance of parity with the euro. When the currency climbed through what was once considered a key line in sand to 1.04 per euro last month, the surge wasn’t met with big ...

  Bloomberg Goldman Sachs Group Inc, one of Wall Street’s staunchest advocates of returning employees to offices, will make Covid-19 vaccination booster shots compulsory as the firm stands by its workplace philosophy through surging infection rates in New York. Anyone entering offices must get a booster by February 1 if they’re eligible for the injections by that date, the investment ...

  Bloomberg Germany’s finance watchdog fined Deutsche Bank AG $9.8 million over its handling of submissions for Euribor, a reference rate at heart of a scandal that rocked industry. The lender temporarily didn’t have effective systems, controls for contributions to benchmark, BaFin, said. While BaFin said Deutsche Bank has a right to appeal, the company said it accepts fine to ...

  Bloomberg The 2021 Mercedes-Benz S-Class comes with enough infotainment to entertain the most tech-obsessed passengers. Its OLED touchscreens span the dashboard like a pixelated surfboard, its heads-up camera is displayed in big-screen augmented reality, its on-board wellness systems surpass the serenity levels of several local spas in Los Angeles — all factors in why it ranks as the best ...

  Bloomberg Mercedes-Benz removed a video advertisement from a Chinese social media website, after the clip got swept up in a charged national debate over depictions of Asian-looking features by foreign companies. The video was posted on Mercedes-Benz’s official Weibo account and later removed due to public backlash, the Communist Party’s Global Times newspaper said. “The makeup of the female ...

  Bloomberg It’s been a bright spot for a New York office market that has been hit hard by the pandemic: Technology companies have continued to sign leases in Manhattan even as employees work remotely. That includes Meta Platforms Inc, formerly known as Facebook, which is betting on offices despite the disruptions caused by the pandemic. While many companies have ...

  Bloomberg Tesla Inc raised the prices of two Shanghai-made models for the second time in just over a month amid soaring Chinese demand, the South China Morning Post reported. The carmaker announced on Friday a 3.9% increase in the price of its entry-level Model 3 to 265,652 yuan ($41,795) after subsidies, the paper said. The basic edition of the ...

  Abu Dhabi / WAM AD Ports Group emerged from a challenging 2020, when the global shipping industry was disrupted by Covid-19, to build a strong trajectory of growth throughout 2021, achieving a series of historic milestones and expanding its footprint in the region and beyond. AD Ports Group closed 2021 with the signing of a number of strategic agreements ...

  Abu Dhabi / WAM Surface parking spaces in Abu Dhabi will be free of charge during the holiday on Saturday, January 1 until 7:59 am on Sunday, January 2, 2022. Additionally, the Mussafah Industrial area parking lot M18 will be free of charge during the official holiday. In an announcement, the Integrated Transport Centre (ITC) of the Department of ...

  Dubai / Gulf Time Dubai saw the completion of 1,392 real estate transactions valued at AED5.6 billion during the week ending December 30, according to the Dubai Land Department (DLD). The DLD weekly report said 98 plots were sold for AED685.36 million, along with 994 apartments and villas for AED1.93 billion. The top three transactions were for a land ...