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

  Now that Joshua Wong, former student leader of Scholarism and one of the forces behind the Occupy Central Movement, has started a political party, it may be a good time to look back on what initiated this newest phase of Hong Kong’s politics: the Umbrella Movement. One imagines that Joshua Wong, Chan Ho-Tin of the Hong Kong National Party, ...

  BLOOMBERG U.S. and European shares fluctuated near the highest levels in at least three months as investors focused on companies with results that beat estimates, offsetting declines among energy producers that slumped with the price of crude. The dollar strengthened. The Standard & Poor’s 500 Index swung near 2,100, a level it breached Tuesday for the first time in ...

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.24% to close at 4677.63 points. Accordingly the Market Capitalization has lost AED 1.8 billion attaining AED 758.77 billion. A total of 0.7 Billion Shares were traded with a total value of AED 0.9 billion during the trading session of 20-04-2016 through 8272 transactions. The number of companies ...

  Bloomberg New-home construction in the U.S. slumped more than projected in March, reflecting a broad-based retreat that showed the industry lost momentum heading into the busiest time of year. Residential starts decreased 8.8 percent to a 1.09 million annualized rate that was the lowest since October and weaker than any forecast of economists surveyed by Bloomberg, Commerce Department data ...

  Bloomberg Shake Shack Inc., which has tantalized investors with promises of rapid growth, may have its expansion plans hindered by weaker real estate skills. The burger chain doesn’t have the management experience or information needed to pick prime locations, according to a Bloomberg Intelligence study from analytics provider Fishbowl. Newer Shake Shack locations were in areas that scored lower ...

  Bloomberg The University of Michigan’s endowment has bolstered its alternative assets with more than $100 million in commitments to venture capital and real estate funds. Michigan also plans a new commitment of $50 million, subject to approval, to CD Capital Natural Resources Fund III, a London-based pool that will invest in early-stage mining opportunities, according to the agenda for ...

  Bloomberg The unexpected rebound in China’s steel market this year is set to keep rolling because record output by mills has so far failed to replenish inventories as the government cranks up stimulus to boost growth. Stockpiles of steel reinforcement bar, used in construction, sank for a sixth week, contracting 6.8 percent in the period to April 18 in ...

  Bloomberg Hines, the developer behind the ultra-luxury condo tower rising by New York’s Museum of Modern Art, has a new project coming to midtown Manhattan: a senior-living community. The builder, in a partnership with senior-housing owner Welltower Inc., acquired a site at the corner of 56th Street and Lexington Avenue for an undisclosed price, according to a joint statement ...

  Bloomberg Office rents in London’s skyscrapers rose almost 10 percent in the second half of last year as city-center vacancies fell to a 15-year low, according to an index compiled by broker Knight Frank LLP, and are set to continue climbing. Annual skyscraper rents in the U.K. capital surged to $126 per square foot because of rising demand for ...

  REUTERS On a stretch of barren coast 550 km south of the capital Muscat, workers at a ship repair yard swarm over cargo vessels from around the world, labour that will help to determine Oman’s fate in an era of cheap oil. The yard, owned by the government’s Oman Drydock Co and operated by South Korea’s Daewoo Shipbuilding & ...