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

If you are adding to your long-term holdings of stocks and other risk assets at current market valuations, you are likely to be betting — knowingly or not — on a combination of three drivers of future returns; or you are planning to sell your holdings to someone who is or will be making that bet. Understanding the importance of ...

Being sophisticated in the age of output curbs by the Organization of Petroleum Exporting Countries (OPEC) can prove a disadvantage, as the operator of the world’s biggest oil refining complex is discovering. Reliance Industries Ltd’s (RIL) 1.24 million barrel-a-day facility in Gujarat features highly advanced units designed to process the globe’s heaviest types of crude, which have historically been cheaper ...

The US solar industry is threatened by one of President Donald Trump’s more destructive impulses: his eagerness to punish supposedly unfair trade practices. By next month, the US International Trade Commission, having unanimously ruled that American solar-panel makers are harmed by competition from Asian and other rivals, will recommend what tariffs or other import penalties the president should impose. The ...

The drama around President Donald Trump and Iran’s compliance with the nuclear deal has grabbed the oil world’s attention. This gaze should shift west. Rising tensions in northern Iraq could have a much more immediate impact on oil flows that could lead prices higher, and squeeze producers and refiners. The collapse of so-called IS in Iraq ought to be a ...

Central bank sleuths are on the case. What explains the ‘mystery,’ to use Janet Yellen’s word, behind low inflation and strong employment? It’s a question that requires global detective work, a point amplified by the Federal Reserve minutes this week when someone (who may have been Yellen) remarked on the global nature of the challenge. Inflation and wages remain stubbornly ...

India’s slowdown—recently confirmed by the International Monetary Fund (IMF), which sharply reduced its estimate of growth during the current financial year—has set off a couple of energetic and oddly contradictory responses from the government in New Delhi. On the one hand, Prime Minister Narendra Modi has aggressively defended his record, comparing it positively to the stagnation presided over by the ...

Bloomberg The dollar strengthened and Treasuries fell after Federal Reserve Chair Janet Yellen suggested gradual rate increases are warranted despite soft inflation. Gains in oil and copper drove a gauge of commodities to a six-month high. The S&P 500 Index rose less than 0.1 percent to a record, led by technology and media shares. Apple Inc., JPMorgan Chase & Co. ...

Reuters Saudi Arabia’s stock market rebounded on Monday as higher oil prices boosted petrochemical shares while banks rose in response to Alinma Bank’s better-than-expected earnings. The main Saudi index gained 0.6 percent as tensions between Baghdad and Iraqi Kurdistan lifted oil sharply. PetroRabigh rose 2.1 percent and Petrochem added 1.2 percent, while mining firm Ma’aden was up 2.1 percent. Alinma ...

Bloomberg Sagging economic growth in India is complicating efforts to clean up a mountain of bad debt at the nation’s banks. Loans worth Rs17,00,000 crore ($26 billion) have been withdrawn in total since the 2001 inception of the corporate debt restructuring (CDR) mechanism through to the end of August, according to the latest data from the agency that brokers agreements ...

Bloomberg Some European Central Bank (ECB) policy makers see room for little more than 200 billion euros ($235 billion) of purchases under the institution’s bond-buying programme next year, according to central-bank officials familiar with the matter. The ECB is likely to run out of available debt under current rules at just over 2.5 trillion euros, the officials said, asking not ...