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

Ursula von der Leyen is off to a bad start. The incoming president of the European Commission and her cabinet were supposed to begin working November 1. Instead, the commission will be lucky if it gets sworn in by Christmas. Even then, it may already be damaged goods. The whole process serves as an unsubtle metaphor for a union that ...

Canadians may find the choices in their October 21 national election disheartening. Though there are six candidates, it is essentially a contest between Justin Trudeau, the Liberal Party incumbent prime minister who was shamed over the blackface photos of his youth, and the Conservative Party challenger Andrew Scheer, who has been outed as an American citizen. Such a perspective is ...

Blacklisting by the US government, accusations of espionage and the arrest of its chief financial officer haven’t been enough to scare investors away from Huawei Technologies Co. Shares of China’s biggest telecoms equipment and smartphone maker aren’t publicly listed, making its equity largely unavailable to outsiders. Its bonds, however, do trade and have continued their upward trajectory over the past ...

With the unemployment rate at a 50-year low, the hope is that the US consumer will more than offset an otherwise faltering economy. Don’t bet on it. Clearly, the broad economy is not only weak, but weakening. The yield curve has inverted, with 10-year Treasury note yields falling below two-year yields. Every time that’s happened in the post-war era, a ...

Bloomberg US equity-index futures advanced alongside European and Asian shares as investors awaited fresh developments on foreign trade and this week’s slew of results from major companies. Bonds dropped. Contracts on the S&P 500 Index rose, pointing to a firm open that would keep the American benchmark within sight of a fresh all-time high. Boeing fell in the pre-market amid ...

Bloomberg The British Parliament may have delayed voting on PM Boris Johnson’s Brexit deal, but according to Morgan Stanley, there is enough of a reduction in political uncertainty to boost UK and European equities. Morgan Stanley economists believe that despite the hurdles in Parliament, the odds are now in favour of the Brexit agreement being ratified by Christmas. And with the ...

ABU DHABI / WAM The UAE-founded ‘ekar’ has announced a partnership with Masdar to bring electric vehicle car-sharing to the Middle East by purchasing five Tesla models S and X for its fleet, with the vehicles available for hire from Masdar City in Abu Dhabi. “Masdar City installed first rapid charging station for electric vehicles in the Mideast,” said Yousef ...

Bloomberg Kuwait expects to sign an agreement with Saudi Arabia to restart oil production from the neutral zone along their border within 30 to 45 days, according to a person familiar with the matter. The pact, reached after months of intensive negotiations, won’t be final until it’s signed, the person said, asking not to be identified as the talks are ...

Dubai / Emirates Business Investors are keen to capitalise on the increasing opportunities in the aviation sector globally, according to industry experts. “Over the past decade, as the global economy has improved, airlines have grown in profitability, matured in terms of employing better capacity management and cost controls, and have benefitted from the explosion in demand for passenger air travel,” ...

Bloomberg Saudi Arabian stocks rose the most in the Gulf as the country’s oil giant delayed a long-awaited initial public offering (IPO), easing a sell-off of other stocks intended to fund purchases in the share sale. The Tadawul All Share Index climbed as much as 2.3%, recovering from a loss of 0.8% last week and trimming losses in October to ...