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

Singapore is a major Asian refining hub, though it doesn’t have a drop of crude petroleum. Now, the tiny country is punching above its weight in data. The upshot for investors: An asset class that pays 51% in a world where earning even zero is increasingly a luxury. There’s a limit to how many bits and bytes even a busy ...

Bloomberg US equity-index futures advanced with European stocks while Asian shares rose modestly as investors weighed hopes for high-level trade talks next month between America and China against mixed economic data from around the globe. The pound rose after a court ruling key to Brexit. Contracts on the three main US equity benchmarks all pointed to a firm open after ...

Bloomberg Some of the Philippines’ top money managers see central bank easing and low inflation pushing the nation’s equity benchmark back above the key 8,000 level. The Philippine Stock Exchange Index has retreated 5.8 percent since riding a bull market to as high as 8,365.29 on July 15. The gauge has breached the 8,000 mark about a dozen times this ...

Bloomberg The top US aviation regulator briefed his counterparts from around the world on the grounded Boeing Co 737 Max, reminding them that improvements in both aircraft design and piloting are needed for safety. Newly installed FAA Administrator Steve Dickson pledged in his opening statement to continue sharing information as the agency assesses Boeing’s proposed fixes for a flight-control system ...

Bloomberg Vietnam’s Bamboo Airways expects to raise about $100 million from its planned initial public offering next year to fuel its aggressive expansion in one of the world’s fastest-growing aviation markets. “The fundraising will help us to expand our fleet as we want to take 30 percent of the domestic market next year,” Trinh Van Quyet, the Hanoi-based chairman of ...

Bloomberg Cathay Pacific Airways Ltd said it fired two crew members at a unit as part of an investigation into why depleted emergency oxygen bottles are turning up on its flights. Cathay Dragon detected an emergency oxygen bottle in a “low-pressure state” on a September 21 flight to Hong Kong from Kuala Lumpur, it said in a statement. All cabin ...

Bloomberg Kering SA’s Gucci faces a possible backlash for showing straitjackets, meant to make a statement about self-expression and not to be sold in stores, at Milan Fashion Week. Model Ayesha Tan Jones held up “Mental Health Is Not Fashion” on her hands on her way down the runway. She then posted on Instagram that straitjackets symbolise “a cruel time ...

Bloomberg When Thomas Cook Group Plc began dangerously hurtling toward collapse early last week, Transport Secretary Grant Shapps ordered up a contingency plan: Operation Matterhorn. The effort aimed to safeguard the return of UK tourists should the company indeed go under. But the massive undertaking also betrayed the thinking that had taken root in the Brexit-hardened cabinet: that the company ...

ABU DHABI / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the National Media Council, said that relations between the UAE and Saudi Arabia set an exemplary model for brotherly relations in the region, reinforced by the leadership of both countries. In a statement on the occasion of the 89th Saudi National Day, the ...

ABU DHABI / WAM The Abu Dhabi-based global investment firm, Mubadala Investment Company, on Monday announced that it has signed an agreement to invest up to AED 1.84 billion ($500 million) in Cologix, the network-neutral interconnection and hyperscale edge data centre company, subject to various regulatory approvals. The transaction will provide significant investment for Cologix for growth in both the United ...