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

In 2003, when a number of former intelligence professionals formed a group to protest the way intelligence was bent to accuse Iraq of producing weapons of mass destruction, New York Times columnist Nicholas Kristof wrote a sympathetic column quoting the group’s members. In 2017, you won’t read about this same group’s latest campaign in the big US newspapers. The Veteran ...

Bloomberg Stocks struggled for traction at the start of a week set to be dominated by the gathering of central bankers at Jackson Hole amid growing unease about persistent low inflation. Euro-region bonds gained with Treasuries, while the dollar edged lower. The Stoxx Euro 600 Index declined on thin trading volumes as declines in banks and car makers offset gains ...

DUBAI / Reuters Real estate investment trusts were some of the top gainers on Saudi Arabia’s stock exchange on Monday, a day before the listing of a new trust, but bourses in the region were generally sluggish, especially Qatar. All four listed REITs were among the 10 most heavily traded shares in Riyadh, where the main index edged up 0.2 ...

Bloomberg As the world’s top central bankers gather in Wyoming this week, their relief about a stronger global economy will be tempered by a growing unease that inflation remains inexplicably low. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi will be among the officials addressing this year’s installment of the annual conference hosted by the Kansas ...

Bloomberg Chinese banks’ leverage fell for the first time in seven years as the government’s campaign to curb risks in the $40 trillion financial system started to bite. The balances of both interbank assets and liabilities at the end of June declined by 1.8 trillion yuan ($270 billion) from the beginning of the year, the China Banking Regulatory Commission disclosed ...

Reuters Goldman Sachs received approval to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom. Western financial institutions have been looking to tap new opportunities in Saudi Arabia since the government unveiled plans for oil giant Saudi Aramco’s $100 billion initial public offering and introduced reforms to attract foreign ...

Bloomberg Oakbay Investments, the company controlled by the Gupta family that’s having its last bank accounts closed, agreed to sell its South African media interests to management and an ally of the friends of President Jacob Zuma. Oakbay will get $23 million for Infinity Media, which operates news channel ANN7, and 150 million rand for its two-thirds stake in the ...

Bloomberg Goldman Sachs Group Inc., seeking a rebound in its commodities business after a bout of losing trades dented earnings, has a plan built around hiring fresh stars and luring new clients. The bank will bring in a few high-profile commodities salesmen as well as some traders, an acknowledgment that the roughly 180-person unit’s performance has suffered in recent years ...

Dubai / Emirates Business A recent census of optician stores in the United Arab Emirates (UAE) has revealed that the power of shopping malls to attract consumer buying behaviour is growing, with a 22% rise in the number of shopping mall-based opticians since 2014. These locations now account for one third of all optician business in the Emirates. GfK, the ...

ABU DHABI / WAM The UAE stock markets started the maiden session of the week on a high note following a selective buying spree targeting a series of blue chips which secured some gains over the past few days. Within this context, the DFM General Index went up 0.39 percent to 3615 points, which is an acceptable level according to ...