The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg JC Penney Co, the department-store chain that filed for Chapter 11 bankruptcy last week, …
Read More »JC Penney to close 29% of its stores in post-bankruptcy plan
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Pier 1 to wind down operations
Bloomberg Pier 1 Imports Inc said it would seek bankruptcy court approval to wind down …
Read More »European stocks turn lower with US futures; oil advances
Bloomberg European stocks turned lower alongside US equity futures on Tuesday as the risk-on mood …
Read More »Indian stocks rise after vaccine report lifts Asian equities
Bloomberg Indian stocks advanced, tracking a regional rally after early vaccine results sparked speculation economies …
Read More »UAE welcomes Afghanistan power-sharing agreement
ABU DHABI / WAM The UAE on Monday welcomed the signing of a power-sharing agreement …
Read More »Oil hits 2-month high as China demand nears pre-virus levels
Bloomberg Oil rose to the highest in two months as demand in China returned to …
Read More »Drydocks World begins work on Bokalift conversion project
DUBAI / WAM Drydocks World on Monday held a steel-cutting ceremony to mark the start …
Read More »Total backs away from ‘Ghana deal’
Bloomberg Total SA abandoned a plan to acquire assets from Occidental Petroleum Corp in Ghana, …
Read More »New York blocks ‘gas pipeline’ again
Bloomberg New York has again denied a key permit for a controversial $1 billion natural …
Read More »Germany to offer cash sweeteners to revive wind power
Bloomberg German Chancellor Angela Merkel’s government may try to tame growing opposition to onshore wind …
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