The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Germany’s vice chancellor, Sigmar Gabriel, says talks about a major trade deal between the European Union and the U.S. have failed, though “nobody is really admitting it.†That statement should be taken with a grain of salt, but the Trans-Atlantic Trade and Investment Partnership appears to be doomed, at least until after elections in the U.S. and major European …
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August, 2016
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30 August
India’s Monsanto clash is bad news for innovators
Monsanto’s many battles with the Indian government have typically been cast as clashes between poor Indian farmers and a giant multinational that’s overcharging for its genetically modified seeds. And certainly, the U.S. agriculture giant isn’t the most sympathetic of companies. Its seeds are indeed expensive and, in the case of cotton, no longer deliver the returns promised as resistance …
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30 August
Voters deserve to know more about candidates’ health
Like all of us, Hillary Clinton and Donald Trump are going to die. Will it be in the next four years? Probably — ideally — not. But for voters, that’s a reasonable question, especially given that Clinton is 68 and Trump, 70. Unfortunately, the candidates have refused to divulge the kind of information that would enable anyone to arrive …
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30 August
Challenges ahead for US-India bilateral trade
A day after signing a defence agreement that would make joint operations between their militaries easier and efficient, the US and India kicked off a two-day strategic and commercial dialogue in New Delhi on Tuesday. The world’s two largest democracies are keen to boost their bilateral trade —which currently stands at $109 billion — to $500 billion. They look …
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30 August
Anguish of Obamacare didn’t have to happen
The last few weeks have featured a great deal of news for Obamacare, most of it bad. Insurers are pulling out of the exchanges and premiums are rising. Coverage has been expanded, but it increasingly looks as if that coverage will mostly consist of companies taking their Medicaid managed care plans and repackaging them for private customers. Call it …
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30 August
Uber is trying to figure out if it’s a real business
Uber is still losing lots and lots of money, the world learned last week from Bloomberg’s Eric Newcomer. It may even be losing a lot more money than Newcomer was able to tell us about. As he put it in his weekly e-mail newsletter: We know that Uber has lost at least $1.2 billion in the first half of …
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30 August
US stock-index futures little changed while Apple slips
Bloomberg U.S. index futures were little changed, after equities saw the biggest gain in three weeks, while investors awaited jobs data due this week for further clues on the path of Federal Reserve policy. Apple Inc. slipped 0.9 percent in early New York trading after being ordered to repay 13 billion euros ($14.5 billion) plus interest as the European …
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30 August
Gulf shares slightly up in lethargic trade
Dubai / Reuters Stock markets in the Gulf edged up in early trade on Tuesday after oil prices and Asian bourses made modest recoveries but trading volumes were thin. Dubai’s index climbed 0.1 percent with gainers outnumbering losers 13 to five. Trade mainly focused on speculative shares favoured by short-term local traders; builder Arabtec rose 0.7 percent and GFH …
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30 August
Gold set for rare losses this month as metal’s popularity dims
Bloomberg For the first time in seven years, gold has fared poorly in August. Metal for immediate delivery dropped 2.2 percent this month as the Federal Reserve moved closer to raising interest rates and bullion purchases for exchange-traded funds slowed. The loss is unusual because, even as prices plunged during the past five years, gold always rose during August …
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30 August
TRA financial arm to host drones and robotics contest
ABU DHABI / Emirates Business The ICT Fund, the financing tool of the Telecommunications Regulatory Authority (TRA) has announced it is organizing the UAE Drones for Good Award and the UAE AI Robotics for Good Award, two different sets of competitions each having local and international categories. The awards aim to encourage innovative ideas and designs intended to help …
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