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

Amid the turmoil of the oil-price bubble and credit crunch in 2008, a few analysts and economists discovered something remarkable. An obscure shipping index compiled in the shadow of London’s “Gherkin” tower had become a sort of daily prophecy about the direction of the global economy. The Baltic Dry Index could be used as a ”Predictor of Global Stock Returns, ...

It’s easy to criticise just about any proposed climate change solution as not effective enough. The buildup of greenhouse gases is simply too big of a problem to be solved by one course of action alone, whether it’s increasing the use of solar energy or giving up beef orcapturing carbon from the atmosphere. A recent estimate that planting lots of ...

Over the past couple of weeks, there have been increasing signs that the Trump administration — and particularly the president himself — is moderating its position on North Korea’s stockpile of nuclear weapons. Gone are the adamant statements that the US will only accept complete, immediate and irreversible denuclearisation. Instead, we’ve seen a symbolic but historic meeting between Trump and ...

Christine Lagarde’s nomination as president of the European Central Bank (ECB) has sparked controversy over whether she’ll be up to the job. But there’s another position to fill at the top of the ECB that’s nearly as important. Benoit Coeure, a member of the bank’s six-strong executive board, will leave at the end of December after serving an eight-year term. ...

Last March, McDonald’s Corp acquired the startup Dynamic Yield for $300 million, in the hope of employing machine learning to personalise customer experience. In the age of artificial intelligence, this was a no-brainer for McDonald’s, since Dynamic Yield is widely recognised for its AI-powered technology and recently even landed a spot in a prestigious list of top AI startups. Trouble ...

ABU DHABI / WAM The Ministry of Economy (MoE) has announced a new amended fee and fine structure for a package of 110 services in the implementation of Cabinet Resolution No. (51) of 2019 on reduction of government services fees it provides to customers and businesses. According to the new fee structure, fees of 102 services will be cancelled while ...

Bloomberg Oil capped its best week since mid-June as Tropical Storm Barry gained strength, approaching refineries in Louisiana and leaving deserted offshore platforms on its path. Futures in New York gained 4.7 percent for the week after prices held above $60 a barrel for a third day. Forecast to make landfall as a hurricane early Saturday, Barry has already curbed ...

Bloomberg Japan and South Korea bickered over the details of rival briefings about export-control talks on Saturday as the US backed away from a potential role as a mediator in a fight over history and trade between its two Asian allies. Officials at Japan’s Ministry of Economy, Trade and Industry held a press conference at which they denied an assertion ...

DUBAI / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise — has signed two new strategic partnership agreements with Chinese authorities during visits to the cities of Hangzhou and Qingdao as part of its sixth Made for Trade Live roadshow of 2019. DMCC signed a memoranda of understanding (MoU) with ...

ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE), in cooperation with Abu Dhabi Digital Authority (ADDA), has announced the launch of instant licensing services through the Abu Dhabi Government Services System (Tamm). The mutual venture aims to facilitate fast and effective innovative technologies to better serve small-size energy businesses in Abu Dhabi. The eligible businesses in Abu ...