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

Bloomberg Debenhams Plc is in talks to rent out excess space in its flagship London department store to flexible-office provider WeWork Cos. as the UK’s retail crisis deepens, according to people with knowledge of the matter. The retailer is searching for companies willing to take over large chunks of space in its roughly 240 department stores, many of which are …

Bloomberg Some of China’s biggest manufacturers that supply US multinationals from Walmart Inc. to Nike Inc. find themselves in President Donald Trump’s crosshairs as his administration discusses new import tariffs. The US is considering taxing imports from shoes and clothing to consumer electronics, putting on the hook companies including Yue Yuen Industrial Holdings Ltd. and Li & Fung Ltd. that …

Bloomberg Air Arabia PJSC’s expansion could see the biggest discount carrier in the Persian Gulf and North Africa order 100 narrow-body planes worth $11 billion at list prices before the end of the year. The Sharjah, United Arab Emirates-based airline hasn’t yet reached a decision but the figure is “probably the right number,” Chief Executive Officer Adel Ali said in …

Bloomberg US stocks fluctuated as investors weighed an encouraging outlook for the semiconductor sector against disappointing results from Target Corp. The dollar weakened amid the developing trade spat over President Donald Trump’s proposed tariffs. The S&P 500 Index was mixed as semiconductor shares got a boost from a positive report by Goldman Sachs, and Target pulled down consumer staples producers …

Reuters Gulf stocks were mixed on Tuesday, with the Saudi market up on steady oil prices. Outside of the Gulf, Egypt’s index continued to climb, reaching an all-time high as it benefits from the central bank’s decision to cut interest rates in February, the first time it has done so since letting the currency float freely in 2016. The Egyptian …

Bloomberg Oil rose in tandem with global equity markets, shrugging off concerns over a new wave of crude production from the US as fears of a global trade war eased. Still, the International Energy Agency’s warning that OPEC production cuts will unleash a supply surge from the US and other producers maintained a note of caution in the market. Oil …

Bloomberg Saudi Arabia’s former oil minister has some advice for anyone worried about a possible drop in future demand for crude: Chill. “I would like to put everyone at ease, there are no such worries,” Ali al-Naimi said in Manama, Bahrain, when asked if he sees a threat to oil demand from climate policies and increasing use of electrical vehicles. …

Bloomberg Rakshith Kunder is adding more solar panels to the roofs of his warehouses. He isn’t seeking to save the planet, it’s pure economics. “Solar power costs us just a third of grid power and has also reduced our diesel backup cost,” Kunder, 33, said by phone from the city of Kota, in the southern state of Karnataka. His 3 …

Bloomberg The Dominican Republic expects to draw interest from energy titans BP Plc and Exxon Mobil Corp. when it opens the country to natural gas and oil exploration for the first time later this month, joining a push by governments across the Caribbean to develop energy production. The government plans to open two land blocks for oil exploration and two …

Emirates Business Select Property Group, the premium British property developer with its largest sales centre in Dubai, has announced the launch of its latest project in Manchester—the UK’s number one investment city. CitySuites 2 is already attracting significant interest across the GCC region and follows the success of the first CitySuites project that was sold in 2015, in which over …