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

  When it emerged last week that China Minsheng Banking Corp. had sold $436 million in suspect wealth-management products, fears rose of a collapse in the loosely regulated market for such products. It now looks like a more mundane case of forgery involving a branch manager. But that’s not exactly reassuring: In fact, it suggests a different kind of systemic ...

  A recurring theme at Gadfly is Amazon.com Inc.’s ambitions to do everything under the sun. It looks as if the company now wants to become a quasi app store similar to Apple or Google’s mobile versions. Amazon has created a single spot for people to sign up to digital subscriptions from companies including the Los Angeles Times and digital ...

  Officials may not say so directly, but the US appears to consider Germany a currency manipulator. Germany’s large trade surplus, the accusation goes, comes at the expense of US companies. So, as German Finance Minister Wolfgang Schaeuble traveled to Washington on Wednesday for an International Monetary Fund meeting, he brought along an eight-page primer on the German current account ...

  Bloomberg US stock futures jumped as blue chips from Caterpillar Inc. to McDonald’s Corp. reported results. Canada’s dollar led export currencies lower as a tariff on lumber reignited concern the Trump administration will pursue protectionist policies. Futures on the Dow Jones Industrial Average rallied, indicating the underlying index may rise to an all-time high. Caterpillar climbed more than 6 ...

  Reuters Stock markets in the Gulf most exposed to foreign trade held their ground on Tuesday, with Dubai and Qatar showing resilience in the face of disappointing results from blue-chip companies. In Dubai, shares of Emirates Integrated Telecommunications (Du) lost 3 percent after reporting a net profit of 364.9 million dirhams ($99.35 million) in the three months to March ...

  Abu Dhabi / Emirates Business Etihad Airways has thrown down the gauntlet to the millions of guests who transit through its Abu Dhabi home, as well as the residents of the UAE, by challenging them to experience a host of ‘once in a lifetime’ activities throughout the emirate in just two days. The ‘48 Hour Challenge’ is part of ...

  Bloomberg Qatar Airways Ltd. plans to buy a stake in another foreign airline, extending an expansion push that’s seen the Gulf carrier build up overseas holdings and announce new routes to the US even as President Donald Trump’s seeks to restrict travel to the world’s largest economy. The state-owned company, which has expressed interest in Royal Air Maroc in ...

  Bloomberg United Airlines has another passenger complaint to deal with — this time in court. Karen Shiboleth claims she was forced out of her business-class seat during a flight to London from Newark, New Jersey, in September and escorted to the rear of the plane without an explanation. She sued the airline on Monday, claiming she’s out $9,146 in ...

  PROVIDENCE, R.I. / AP Many Florida beaches welcome a special type of visitor as the weather gets warmer: sea turtles. Female sea turtles crawl out of the water from spring to early fall to build nests and lay eggs on the beach at night. Babies hatch some 60 days later and crawl back into the sea. It’s a fragile process. ...

  ABU DHABI / WAM Twelve UAE national banks reported a total net profit of AED 7.64 billion during Q1 2017, a growth of 6.7 percent from AED 7.16 billion during the same period last year. Citing the state of deceleration now witnessed at the global banking industry, financial sources told the Emirates News Agency (WAM), that the results disclosed ...