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

Each side of the UK’s 2016 Brexit debate peddled an economic narrative. Remainers warned of big economic costs from leaving the European Union. Leavers promised Brexit dividends: budget savings to be spent on the National Health Service (NHS), freedom from red tape, ‘frictionless’ EU trade and a host of new trade deals that would be a boon to exporters. These ...

One of my mottos is: Don’t criticize something unless you have a better idea. I’ve decried President Donald Trump’s tariff tactics, so it’s only fair I offer my own strategy for fighting a trade war with China — one with a bigger chance of success and smaller downside risk. Trump is right about China but wrong in his method. Yes, ...

Investment-bank dealers have been painted lately as the villains in some of the biggest bouts of volatility in global markets. When Italian bond yields spiked last month, traders complained that dealers refused to offer quotes, meaning investors couldn’t exit their positions as losses piled up. A study this month from the UK’s Financial Conduct Authority found that during the pound’s ...

Bloomberg US intelligence agencies believe that North Korea has increased its production of fuel for nuclear weapons at multiple secret sites in recent months, NBC reported, citing unidentified American officials. The NBC report quoted US officials who said they believe that North Korean leader Kim Jong-un may try to hide those facilities as he seeks more concessions in nuclear talks ...

Bloomberg A permanent ceasefire pact reached between South Sudan’s President Salva Kiir and rebel leader Riek Machar has not stopped fighting on the ground, with at least 15 civilians killed in a single incident, an army spokesman said. Rebels attacked government positions in Southern Liech and Northern Liech States in the Greater Upper Nile region between 2 am and 5 ...

Bloomberg Mahmoud Abbas, the President of the State of Palestine, rejected an offer to hold a joint meeting with US presidential adviser Jared Kushner and other Arab leaders, Al Hayat reported, citing diplomatic sources. The president saw the offer as an American maneuver to pressure the Palestinians into accepting a peace plan on Israel’s terms and achieving the “real objective” ...

Bloomberg President Donald Trump left the door open to recognising Russia’s annexation of Crimea, telling reporters that such a move would be up for discussion when he meets with Russian President Vladimir Putin next month. “We’re going to have to see,” Trump told reporters on Air Force One when asked if the US would accept Russia’s claim on the territory ...

Bloomberg Singapore faces its highest terrorism threat level since the time of the September 11 attacks in the US in 2001 and the 2002 Bali bombings, Singapore’s defense minister said. “There are no signs to indicate that this will abate within even the next decade,” Ng Eng Hen said. “This is a long-term problem, and we have to deal with ...

Bloomberg Tensions over Britain’s divorce from the European Union ratcheted higher as PM Theresa May’s approach was described as “alarming” by one of her peers, and leaders said time was running out to avoid a catastrophic breakup. One EU premier, who heard May’s address on Brexit during the EU summit in Brussels, said he was shocked by the tone and ...

Bloomberg To reduce emissions and provide affordable electricity, the world needs to burn more fossil fuels, not less. That’s the message being delivered by the world’s biggest energy companies at the World Gas Conference in Washington, where they championed natural gas as the fuel of the future, rather than one that simply bridges the gap towards renewables. The world is ...