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

  Bloomberg Prime Minister Theresa May is set to impose new restrictions on company take-overs in the UK as part of a plan to protect workers’ pensions from “unscrupulous” bosses. If re-elected in June, May’s Conservatives will give authorities the power to block such deals and launch criminal prosecutions of company bosses who put pension schemes at risk, the party ...

  Bloomberg For US airlines, doing right this week meant plunking down cold, hard cash. United reached a settlement with a passenger who was dragged off a plane and bloodied. It also said it would pay as much as $10,000 to passengers who agree to give up their spots, following a similar move by Delta. Southwest said it would stop ...

  DUBAI / Emirates Business Etihad Aviation Group (EAG) on Sunday announced the appointment of Gavin Halliday as Managing Director of Hala Group, its destination management and global loyalty unit. At Hala, Halliday will lead EAG’s new global loyalty company which brings together Etihad Guest with the loyalty programmes of other EAG partner airlines. He will also have responsibility for ...

  Emirates Business MMD, Middle East brand licensing partner of Philips Monitors, unveils the new Philips B-line borderless LCD monitor series with Philips PowerSensor. The monitors come in three sizes and two resolutions. The smart and eco-friendly PowerSensor: cuts up to 80 percent of energy consumption. Best suited for the environmentally aware, and the cost conscious, the innovative Philips PowerSensor ...

  Bloomberg Airbus SE, the European planemaker with production sites dotted around the continent, is concerned that Brexit will make it harder to shift workers between countries, hobbling decades of business practice at a manufacturer built on the free movement of people and goods. Airbus makes wings for all of its jets in the U.K. and operates multiple daily delivery ...

  Bloomberg UBS Group AG saw clients return from the sidelines in the first quarter, adding the most new money to the bank’s global wealth management business in about a decade. Net income at the Zurich-based bank surged 80 percent after better-than-expected results in wealth management and investment banking. Earnings at the unit catering to rich clients contributed 639 million ...

  Bloomberg As Nordea Bank AB tells Sweden it will move its headquarters from the largest Nordic economy unless the regulatory environment is relaxed, Finland and Denmark are stepping up their charm offensives. Danish Business Minister Brian Mikkelsen made clear he wants Nordea based in his country, and underscored his commitment to a stable regulatory environment in which banks and ...

  Emirates Business Arab Bank Group announced its results for the first quarter of 2017 reporting a net profit after tax of $218.2 million as compared to $218.3 million. Net operating income before provisions and taxes reached $290 million driven by growth in the underlying core banking revenue. Excluding the effect of foreign currency devaluations, the Bank’s net operating income ...

  DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has endorsed the project to improve the Latifa Bint Hamdan Street and the Junction of Umm Al-Sheef-Latifa Bint Hamdan Streets at cost AED800 million. The project links Jumeirah district with Al Khail Road and the Parallel Roads ...

  DUBAI / WAM Dubai International Financial Centre (DIFC) signed an MoU with Mumbai Metropolitan Region Developmental Authority (MMRDA), an urban town planning and development authority established by Government of the State of Maharashtra. The City of Mumbai endeavours to set up its own international financial centre, in order to position it as the financial capital of India. In support ...