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

  Dubai / Emirates Business JustKidding opened their retail operation in Abu Dhabi at Town Square, at Al Forsan Village located in Khalifa City ‘A’ area. Town Square is now home to several community focussed brands including JustKidding, a multi-brand retailer with all the leading baby brands under one roof. JustKidding was founded in 2006 by two loving and caring ...

  Bloomberg US airlines tumbled the most in three months as concerns mounted that President Donald Trump’s ban on travel from seven predominantly Muslim nations will lead to more restrictions on flights. Investors are fearful that the US curbs will expand or be answered with retaliation by other nations, said Joe DeNardi, an analyst at Stifel Financial Corp. Trump already ...

  Bloomberg Deutsche Bank AG was fined $629 million by UK and US authorities for compliance failures that saw the bank help wealthy Russians move about $10 billion out of the country using transactions that were likely thinly veiled attempts to cover up financial crime. The UK Financial Conduct Authority issued a 163 million-pound ($204 million) fine on Tuesday hours ...

  Bloomberg India’s currency is poised to weaken this year as the central bank seeks to cushion the economy from excessive appreciation, according to Deutsche Bank AG. Though the rupee hit a record low in November, it was broadly stable through the year, slipping just 2.7 percent against the dollar. In real effective terms, which adjust for inflation differences and ...

  Reuters Aktif Bank, Turkey’s largest privately-owned investment bank, received regulatory approval to sell up to $120 million via Islamic bonds, or sukuk, in what could be a rare deal in the international sukuk market. Turkey has seen steady issuance of sukuk from the government and the country’s Islamic banks, known domestically as participation banks, but corporate issuance remains rare ...

  Bloomberg UniCredit SpA, Italy’s biggest bank, expects an 11.8 billion-euro ($12.6 billion) net loss for 2016 after setting aside more money for bad loans and booking one-time charges related to its turnaround plan. UniCredit took an additional charge of 1 billion euros, on top of the 12.2 billion euros announced December 13, as it booked a higher writedown of ...

  TOKYO / AP Japan’s central bank upgraded its outlook for growth in the coming year on Tuesday but hedged its bets by keeping its lavish monetary easing unchanged. The Bank of Japan (BOJ) cited easy lending conditions, rising exports and stronger government and corporate spending, in part linked to the 2020 Tokyo Olympics, as reasons to expect more robust ...

  Oberhausen / AP Artist and professor Guenter Fruhtrunk later apologized to his students for designing the logo for Aldi, the discount German supermarket chain that now has 7,000 stores on three continents. Back then, as it is now, it was regarded as unseemly for artists to be serving the interests of capitalism or to make art into bulk commodities ...

  Paris / DPA The plans that Airbus has for a factory in Florida are nothing short of revolutionary for the European aviation giant‘s satellite business. “In a good year up till now we haven’t built more than 10 satellites,” says Nicolas Chamussy, who was appointed as Airbus’ space chief last year. “We’re going to produce two satellites a day ...

  In 2013, a college student assigned to research a deadly substance sought help via Twitter: “I can’t find the chemical and physical properties of sarin gas someone please help me.” An expert at a security consulting firm tried to be helpful, telling her that sarin is not gas. She replied, “yes the [expletive] it is a gas you ignorant ...