The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg European natural gas traders stand to lose about $1 billion in sales to Ukraine this year. Companies from Eni SpA to Uniper SE will see combined gas shipments to the east European nation fall by about that amount after a Stockholm court ordered Ukraine to resume some imports from Russia after a break of more than two years. European …
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January, 2018
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10 January
China set to dominate clean energy on investment surge
Bloomberg China is set to dominate global construction and financing of clean energy after record investment in overseas ventures and takeovers last year. The world’s biggest energy user spent $44 billion on large, international clean energy projects, and mergers and acquisitions in 2017, up almost 38 percent from a year earlier, Cleveland-based Institute for Energy Economics and Financial Analysis said …
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10 January
Trump yanks Florida from offshore drilling plan after objections
Bloomberg The Trump administration is ruling out plans to sell new drilling rights off the coast of Florida, including eastern Gulf of Mexico waters coveted by oil companies, amid pressure from Republican Governor Rick Scott. The about-face came just five days after the Interior Department said it was considering selling oil and gas leases in more than 90 percent of …
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10 January
China to finalise order for 184 A320 jets soon: Macron
Bloomberg China, poised to become the world’s biggest aircraft buyer, will finalize orders for 184 Airbus SE A320 family aircraft soon, French President Emmanuel Macron said after talks with his Chinese counterpart Xi Jinping. The previously unannounced orders are mainly for the A320neo jets, with deliveries to 13 airlines scheduled in 2019 and 2020, an aide to Macron told reporters …
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10 January
India’s e-comm boom opens door for Allcargo
Bloomberg The battle for e-commerce dominance in India between Amazon.com Inc. and local rival Flipkart Online Services Pvt. has opened the door for one of the nation’s largest logistics companies to reinvent itself. Mumbai-based Allcargo Logistics Ltd., with a presence in more than 160 countries, plans to transform into a business-to-customer company with a focus on e-commerce from its traditional …
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10 January
Wal-Mart’s Walton family backs ‘food waste startup’
Bloomberg Members of the Walton family, heirs to the Wal-Mart Stores Inc. fortune, are backing a startup that thinks it can turn a profit by reducing food waste. The business, called FoodMaven, has completed an $8.6 million Series A fundraising round that includes financing from the billionaire Walton clan. The family office is Walton Enterprises, which holds nearly half of …
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10 January
When you complain about these airlines on Twitter, they listen
Bloomberg As everyone learned when a passenger was forcibly removed from a United Express flight, social media and the ubiquity of mobile phone cameras have shifted the ground rules for airline customer service. The best and worst corporate interactions speed across the internet with potentially dire results for corporate targets of public anger. For air carriers in particular, “the world …
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9 January
US stocks add to all-time highs; 10-year yield tops 2.5 percent
Bloomberg US stocks added to all-time highs before the start of earnings season, while the dollar got a boost from policy steps in Asia that propelled Treasury yields to the highest level in nine months. The S&P 500 Index rose a sixth straight advance in an unblemished start to the year, the Dow Jones Industrial average resumed its march higher …
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9 January
Gulf markets move little, Egypt rises on ‘presidential election’
Reuters Gulf stock markets were mostly sluggish on Tuesday as Qatar slowed after surging for two days, but Egypt’s bourse rose after authorities announced a date for presidential elections. Some of the best performers of the past two days pulled back, with Doha Bank losing 1.5 percent. But Aamal Co rose 2.4 percent after announcing plans for an affiliate which …
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9 January
Mideast soaks up Europe gasoline
LONDON / Reuters Gasoline exports from Europe to the Middle East have surged in recent months to record highs as traders seek to fill a gap due to particularly heavy refinery maintenance in the region in the coming months, according to shipping data and trading sources. So far this month, at least a dozen tankers have been confirmed or placed …
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