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

Bloomberg European Central Bank policy makers are wondering how much stimulus quantitative easing offers once bond-buying stops. Their assessment will likely influence the ECB’s strategy for ending its asset-purchase programme. Keen to avoid any steps that inadvertently tighten financial conditions, policy makers can’t ignore that their open-ended QE design so far means investors are focused more on the monthly flow ...

Bloomberg Thomas J. Lee, one of the most bearish stock strategists on Wall Street, is feeling a lot more optimistic about the prospects for bitcoin. The cryptocurrency could reach $6,000 by the middle of 2018, according to a note from Lee, the Fundstrat Global Advisors co-founder and former chief US equity strategist at JPMorgan Chase & Co. He said user ...

Bloomberg Credit Suisse Group AG, the world’s sixth-largest wealth manager, is advising clients to take a pause from investing in stocks. “We think that now is a good time to review equity portfolios, lock in some gains and protect investments,” Nannette Hechler-Fayd’herbe, the bank’s director of investment strategy and research, said in Zurich, adding that she isn’t telling clients to ...

Bloomberg Barclays Plc has installed devices that track how often bankers are at their desks. Managers were peppered with queries when investment bank staff in London discovered black boxes stuck to the underside of their desks in recent months, according to several Barclays employees who asked not to be identified speaking about their workplace. They turned out to be tracking ...

Dubai / WAM The Dubai-based Jebel Ali Free Zone (Jafza) attracted 267 new companies from 48 countries around the world, in first half (H1) of 2017, marking a growth of 6 percent compared to the same period last year. Maintaining its position as a preferred investment destination for large-scale industrial and commercial projects coming into the UAE, the free zone ...

Abu Dhabi / WAM UAE stock markets are back in the green on Wednesday after profit-booking over the past two days, amidst upbeat sentiments comparatively with the past few days. The marked improvement came after shares plummeted to mouthwatering levels, spurring a buying spree by institutions and individuals alike who mostly targeted banking and real estate equities. ADX General Index ...

Bloomberg The total value of monetary deposits at the UAE CentralBank amounted to AED123 billion during H1 2017, AED122.95 billion of which are in banknotes and AED50 million in coins. On a month-over-month basis, the deposits increased by 20.5 percent, rising from AED102 billion in May to AED123 billion in June, according to Central Bank statistics released recently. The month ...

ABU DHABI / WAM Abu Dhabi Urban Planning Council (UPC) is encouraging government officials, urban planners and developers to ‘push the boundaries of what is possible’ during a series of workshops on the Hudayriat Island Master Plan. The UPC held its second of five stakeholder workshops, which helped shape the concept master plan set to be submitted by the end ...

Dubai / Emirates Business As many as 801 construction projects with a combined estimated value of $32 billion (AED117.44 billion) are currently in tendering state in the GCC’s urban construction sector which will serve as a strong pipeline of projects to be awarded in the near future, according to BNC Network, the largest and most comprehensive project research and intelligence ...

AJMAN / WAM HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and President of the Executive Council, praised the directives of Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to establish the world’s first Government Accelerators. Sheikh Ammar made this statement while viewing a presentation by ...