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

Think of the intelligence community and its fragile array of secret relationships as a china shop. Think of President Trump as a bull, restless and undisciplined. For months, we’ve been watching the disastrous collision of the two. Trump’s latest self-inflicted spy scandal was the disclosure this week that he had boastfully revealed to Russian visitors his knowledge of highly classified ...

It’s now clear that cyberattacks are a fact of life for corporations and governments. What’s less clear are the winners and losers among companies focused on stopping the digital break-ins. News about the WannaCry digital extortion attack that crippled hundreds of thousands computers worldwide caused predictable stock market euphoria on Monday. As tends to happen when there is a highly ...

In a fresh sign of confidence about the euro zone’s recovery, the European Commission has just upgraded its growth forecasts for the bloc. This raises a question: Should governments now start tightening fiscal policy to put their public finances on a sounder footing? It depends. Many euro-zone countries have worryingly high levels of public debt, and the best time to ...

Many remarkable things happened in this year’s French presidential election. Emmanuel Macron became the youngest president of France. The extremist party garnered highest-ever scores. And for the first time, none of France’s traditional parties were represented in the final vote. Despite these extraordinary developments, the 39-year-old president’s future in office is full of challenges. He has daunting tasks ahead. Macron ...

When discussing countries that have undergone astonishing economic transformations — as, most notably, China has over the past few decades — observers usually credit success to industrialization. After all, that’s the visible consequence of rapid growth: Where sleepy fishing villages once lay, ports and factories and high-speed rail networks spring up. The people who lived in those villages are in ...

Sour grapes. That’s a two-word description for the Singapore sovereign fund’s decision to slash its shareholding in UBS Group AG at a loss after nursing the investment for nearly a decade. But is the sale also a flashing neon ‘buyer beware’ sign for HNA Group Co., the Chinese aviation-to-hotels conglomerate that recently boosted its stake in another European lender, Deutsche ...

The never-ending race to stay ahead of the terrorists and their obsession with aviation has turned to laptops and other electronic devices. First it was shoes, after a failed attempt to blow up a jetliner in 2001 with explosives-laden black hightops. Then liquids were banned in 2006 following the discovery of a U.K.-based plot. The nearly successful detonation of a ...

Doha / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, is set to launch Burj DAMAC Seaviews in Qatar next week. The 31-storey tower, featuring luxury furnished and serviced apartments and townhouses ideally located at the beachfront in Lusail City, is set to raise the standards of hospitality in the city and beyond. Burj DAMAC ...

Dubai / WAM The Mohammed bin Rashid Al Maktoum Foundation (MBRF), distributed 360 tonnes of basic food supplies to vulnerable people in Somalia, benefitting a total of 4,600 families. This act is an implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, supported by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and ...

Ras Al Khaimah / Emirates Business Saqr Port Authority, which manages the largest bulk-handling port in the middle East, has taken a further step in its planned capacity expansion by signing a deal with Dutch Shipbuilding and Engineering Conglomerate Damen Group for the delivery of a new ASD 2913 tug. The announcement comes in quick succession of Saqr Port’s recently ...