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

Bloomberg Ubisoft Entertainment SA, the French video-game company that’s racked up the fifth-best performance among Stoxx 600 members this year, has a plan to keep revenue and profit growing, if it can maintain its independence from French media giant Vivendi SA. The industry will expand at a rate of 15 percent to 20 percent over the next several years, Ubisoft ...

Bloomberg Poland’s government expects JPMorgan Chase & Co. to open an operational center in Warsaw, swelling the ranks of banks attracted by Poland’s lower costs amid competition by European cities for jobs set to move away from London. The US bank, which is poised to hire ‘several thousand people,’ according to Polish Deputy Prime Minister Mateusz Morawiecki, adds to list ...

Bloomberg UBS Group AG, the world’s largest wealth manager, told clients worldwide to take some profit on their stocks as rising values make it more difficult to generate “significant” further gains. “Although we continue to believe that global stocks can grind higher, underpinned by robust economic growth and increasing earnings, rising valuations are reducing the possibility of significant further upside,” ...

Bloomberg Australia’s top bankers including Andrew Thorburn, Shayne Elliott and Brian Hartzer would have almost half of their pay deferred for four years under proposed laws to clean up the country’s scandal-ridden financial services industry. Executives and board members earning A$500,000 ($400,000) or more will have to defer a portion of their remuneration under the Banking Executive Accountability Regime Bill ...

Bloomberg Mario Draghi said Europe must address youth unemployment by creating a more open, vibrant labor market if it wants its democratic values to live on. “In several countries the weight of the crisis has fallen disproportionately on the young people, leaving a legacy of failed hopes, anger and ultimately mistrust in the values of our society and in the ...

Bloomberg European Central Bank (ECB) Vice President Vitor Constancio laughed off any concern that bitcoin might challenge his institution’s control of euro-area money. Speaking on a panel that included Dutchmen Steven Maijoor, chair of the European Securities and Markets Authority, and Lex Hoogduin, chairman of LCH Clearnet, the ECB official jokingly drew a parallel with a 17th-century bubble.“I’m surrounded by ...

Bloomberg Commerzbank AG may not be your first pick if you’re looking to expand in European banking. Bailed out by the government in 2009, it’s still struggling to make money in Germany’s notoriously cut-throat consumer market. Yet the Frankfurt-based company, weighed down by bad shipping loans and in the process of cutting thousands of jobs, is suddenly attracting suitors from ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visited the headquarters of the Government Accelerators at the Emirates Towers in Dubai, as well ...

Dubai / Emirates Business Total value of 543 active hospitality projects in the UAE reached $71.6 billion (AED262.77 billion) at the beginning of September 2017, according to BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. The hospitality sector constitutes 6 percent of all active projects in the ...

Dubai / Reuters Abu Dhabi Financial Group (ADFG), a privately owned investment company with over $5 billion of assets under management, is considering issuing $100 million in debt through a privately placed bond, sources familiar with the matter said. The private placement, with a three-year tenor according to the sources, would come at a relatively calm time in the Gulf’s ...