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

Bloomberg India’s increased focus on cleaner cooking fuel may open the door for imports of liquefied petroleum gas from the US, according to Facts Global Energy. The world’s second-largest importer of the fuel raised its target for providing free cooking gas connections to the poor by 60 percent to 80 million families, Finance Minister Arun Jaitley said in his budget ...

Bloomberg With its money-losing refineries producing the least fuel in 27 years and only a handful of private partnerships announced since Mexico’s energy reforms, sealing a $2.6 billion venture with Mitsui & Co. will come as a relief to Petroleos Mexicanos. Pemex is a few months away from closing an agreement for the project with a group led by Mitsui ...

Bloomberg The Bakken shale is roaring back to life, and Kevin Black sees the evidence almost every day as he looks out the window of his blue Ford F-150 pickup truck. The president of Creedence Energy Services, which provides chemicals for oil wells, Black, 29, drives about two hours to Williston, North Dakota, at the heart of the oil-rich formation, ...

Bloomberg A group of pro-European lawmakers are using the tools of Parliament to try to force PM Theresa May to maintain trade ties with Europe after Brexit, a move that will delight business but stoke further division within May’s Conservative Party. Former Chancellor of the Exchequer Ken Clarke and former Business Minister Anna Soubry have proposed an amendment that would ...

Bloomberg Vodafone Group Plc and Liberty Global Plc are looking to redraw their European spheres of interest, with the UK mobile carrier saying it wants to buy competing assets in the region as cable pioneer John Malone retrenches. Vodafone didn’t disclose the specific markets but said the talks concern continental Europe, ruling out the UK where both companies are headquartered. ...

Bloomberg The US Justice Department has offered to settle its emissions-cheating lawsuit against Fiat Chrysler Automobiles NV if the automaker recalls 104,000 vehicles and pays a substantial but unspecified civil penalty. The proposed framework of an offer was extended to the Italian-American car company and included steps it would have to take to mitigate its past pollution and make internal ...

Bloomberg Dell Technologies Inc. confirmed it’s still weighing options, including an initial public offering or a combination with VMware Inc. Dell said it’s evaluating potential business opportunities but hasn’t yet made a decision on which one to pursue. While an IPO or a combination with VMware are both on the table, Dell isn’t including a sale of either company to ...

Bloomberg Some of Ukraine’s biggest corn growers are reluctant to expand production even though prices have recovered to an 18-month high. Part of the problem is that export prices for the crop are still just half of a 2011 peak and shippers are facing fierce competition from Brazil. Ukrainian farmers have had a tough time with corn after unfavourable weather ...

Bloomberg UK Prime Minister Theresa May and her Chinese counterpart Li Keqiang set thorny political issues aside and offered a bullish vision of the two countries’ blossoming trade relationship after Brexit. The two leaders put their countries on the path towards negotiating a future free-trade agreement, setting up a high-level panel to review and expand commercial ties. A British official ...

Bloomberg President Donald Trump was eager to have a Republican memo alleging bias in the Russia probe released to the public, several people around him said. Now that’s it out, Trump took to Twitter to promote it for that purpose — although the document may not be as effective as the president wants it to be. It didn’t, for one ...