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

  Bloomberg Nomura Holdings Inc. plans to hire bankers in the US, resuming a push to boost investment-banking business in a market that remains a priority for Japan’s biggest brokerage following a round of cost cuts. The Tokyo-based firm anticipates rising volumes of mergers and stock offerings in the U.S., said Chief Operating Officer Tetsu Ozaki, who is seeking bankers …

  Bloomberg Urjit Patel will take over as India’s central bank chief at a time when monetary policy decision-making is being overhauled and an estimated $20 billion is set to flow out of the country. Patel is currently deputy governor in charge of monetary policy and has been a key architect of the central bank’s shift to a consumer-price-based inflation …

  LONDON / AP Royal Bank of Scotland says it will charge some corporate customers for accepting their deposits — the first U.K. bank to impose so-called negative interest rates after the Bank of England slashed borrowing costs to spur investment. RBS, bailed out by taxpayers during the financial crisis, says negative interest will apply only to the overnight rate …

  Emirates Business Musafir.com, the UAE’s first premium-experience travel website, announces on Monday a major new partnership with Singapore Tourism Board (Middle East), to raise awareness of Singapore as a compelling leisure destination in the Middle East and drive strong conversion of holiday packages to Singapore as well as introduce new benefits for travelers in the UAE and beyond. Under …

  Bloomberg MTN Group Ltd. started a 9.9 billion rand ($727 million) economic empowerment plan that will boost black ownership of the South African unit to more than 30 percent and enable Africa’s biggest mobile operator to bid for high-speed internet spectrum. Stock will be issued through empowerment vehicle MTN Zakhele Futhi to qualifying black employees at 102.80 rand each, …

  Bloomberg Alimentation Couche-Tard Inc. agreed to buy the gas-station chain CST Brands Inc. for about $3.67 billion, using its biggest-ever acquisition to expand its foothold in Texas and eastern Canada. Couche-Tard will pay $48.53 a share in cash for CST, according to a statement Monday. The offer — valued at about $4.4 billion including debt — represents a 42 …

  Emirates Business British Airways is offering students and teachers travelling overseas for the new school term up to 10 percent discount on advertised fares, one additional piece of checked baggage and flexibility on date changes to ticket bookings. The benefits are currently available for all students and teachers flying in World Traveller with British Airways from the United Arab …

  Bloomberg Teleperformance SA, a French call-center operator, is adding online phone and video translation by acquiring LanguageLine Solutions LLC for $1.52 billion from a U.S. private-equity firm. Paris-based Teleperformance, which has customers in industries including health care, insurance, banking and retail, said in a statement Monday it’s buying LanguageLine of Monterey, California, from Abry Partners and other investors in …

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has highlighted the attractive investment environment that the UAE and Abu Dhabi offer during its participation at the China Investment Conference 2016, which recently concluded in Shanghai. The conference’s agenda included the discussion of the Chinese Silk Road Economic Belt Initiative and the UAE’s role in its implementation as well …

  Abu Dhabi / WAM The National Archives and the British National Archives have signed a Memorandum of Understanding (MoU) to coordinate the translation of important historical documents, including digitising and making them available to decision-makers and researchers, as well as using the documents in preparation of the nation’s curricula at various educational stages. The cooperation is in line with the …