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

Bloomberg The Federal Reserve’s change in tone may mean investors should reconsider the timing of the investment cycle, according to JPMorgan Chase & Co. That means investors shouldn’t be driven by fears of recession for now, JP Morgan analysts said. The Fed signalled last week that it’s done raising rates for at least a little while, and that it’ll be ...

Bloomberg Danske Bank A/S may be facing billions of dollars in fines for its Estonian laundering scandal, but its employees don’t need to worry about having their bonuses cut. Jesper Nielsen, who’s been running the bank on an interim basis since Thomas Borgen was relieved of his duties as chief executive in October, says there might be some bonus adjustments ...

Bloomberg Philippine central bank Deputy Governor Diwa Guinigundo said a quick reversal of last year’s monetary tightening — either through a reduction in the amount of cash that banks must hold as reserves or a cut in key interest rates — would be “bad economic or monetary policy.” While inflation in the last two months of 2018 cooled from a ...

Bloomberg The final report of an inquiry into misconduct in Australia’s financial system will land with a thud at National Australia Bank Ltd.’s headquarters. It’s just not the size of the three-volume report, but the blast aimed at Chief Executive Officer Andrew Thorburn and Chairman Ken Henry, who testified during the Royal Commission’s final round of hearings. “Having heard from ...

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary will step back from day-to-day management as the discount carrier moves to a group structure that puts union negotiations into the hands of subordinates after a year of labour strife. Chairman David Bonderman, in the post since 1996, will also leave next year, according to a statement on Monday, following investor ...

Dubai / Emirates Business Since the announcement of visa free travel for Emiratis to Ireland in early 2018, dnata Travel, the UAE’s longest-standing travel provider, has experienced a 63.5% overall increase in year on year travel from the UAE to Ireland. The report showed a dramatic 55% increase in travel arrangements made within 14 days in advance of travelling, including ...

Dubai / Emirates Business A pioneering sustainability initiative introduced by leading retail brand, Splash, which encouraged householders to recycle their old clothes, resulted in over 11 tonnes of clothes being collected. Some of the collected items were distributed amongst underprivileged communities in Africa. The ‘Life After Fashion” campaign saw Splash working closely with UAE-based laundry firms to communicate message of ...

Bloomberg Gone are the days when the only goal of a company was to persuade you to buy its product. Now, making you feel kinship with a brand—even love—takes precedence. At least, that’s what a group of influential startups believe. Eyewear maker Warby Parker, makeup seller Glossier, mattress retailer Casper—all of these companies are “direct-to-consumer” brands largely born on the ...

Abu Dhabi / Emirates Business Agthia Group PJSC, one of the UAE’s leading food and beverages companies, reported preliminary and unaudited resu- lts for fiscal year that ended on December 31, 2018. Fiscal year net profit increased to AED211 million, growing 2.1 percent over the previous year. The group posted AED2 billion in revenues. When several non-repeating items are excluded ...

Dubai / Emirates Business Leading companies in the UAE have announced new partnerships with several start-ups that were selected as part of the third cycle of Dubai Startup Hub’s Market Access programme. During a ceremony held recently at Dubai Chamber’s premises, Emirates Post Group announced its intention to work with Safe Driving Network on a pilot project testing the startup’s ...