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

  Jeff Bezos. Masayoshi Son. Jack Ma. Mukesh Ambani. Some of the world’s richest people also happen to be combatants in the expensive war over the future of technology in India. Bezos’s Amazon.com Inc. and Indian rival Snapdeal, backed by Son, are spending billions of dollars to build e-commerce in India. Alibaba founder Ma has splurged on investments aimed at ...

US public companies are moving away from the traditional shareholders’ meeting, opting instead to interact with investors online. Sensible as this might seem in the internet age, it’s important to ensure that it becomes a way to improve — rather than stifle — communication. The annual general meeting is among the most hallowed institutions of American capitalism: an opportunity, once ...

  At least 94 IS fighters were killed in Afghanistan by “the mother of all bombs,” the largest non-nuclear weapon ever used in combat by the US military. The US strike using the Massive Ordnance Air Blast bomb, or MOAB, on a tunnel complex in remote eastern Nangarhar province near the Pakistan border killed four IS group leaders too. The ...

  Ronald A. Fisher, one of the fathers of modern statistics, reportedly got on the nerves of many of his contemporaries. But if there’s a reason we should be annoyed with Fisher today, it’s for coining the misleading term “statistical significance.” Those two words don’t necessarily mean that a finding is important or that an effect is big. It only ...

  In a country where government bailouts are common and with an alluring semiconductor unit that could net billions, Toshiba Corp. will probably stay in business even as it reels from record losses and the bankruptcy of its Westinghouse Electric nuclear energy unit. But a more pressing worry for investors is that with negative shareholder equity of 225.7 billion yen ...

  By mid-afternoon on April 10, Chinese online anger at United Airlines was running so hot that the hashtag #UnitedForcesPassengerOffPlane was receiving 20 million views per hour on the Sina Weibo social network. Such fury is more typically reserved for geopolitical spats with the likes of Japan and South Korea. It’s little wonder that the outrage earned the attention of ...

  Dubai / WAM The UAE has topped the list of GCC countries in advertising spending in the first quarter of 2017 with AED1.5 billion, accounting for 46 percent of the total advertising expenditure across the Gulf region, according to TBWA Worldwide, a top 10 ranked global advertising network. The UAE is followed in the second place by Saudi Arabia ...

  LONDON / Reuters Global demand for oil is finally close to outstripping supply after nearly three years of surplus production, despite growth in the overhang of unused crude, the International Energy Agency said on Thursday. The agency said oil stocks across the Organisation for Economic Cooperation and Development (OECD) fell by 17.2 million barrels in March. Over the first ...

  ABU DHABI / WAM The UAE stock markets are the most attractive across the GCC states and the Middle East region in its entirety, boasting a P/E ratio of 14.00 over the past 12 months, ending in March, 2017. PE ratio, in addition to double book value, is one of widely used and common stock valuation tool. It is ...

  ABU DHABI / WAM The Arab Trade Financing Programme (ATFP) approved US$ 1.108 billion in credit facilities all over the last year, bringing to $13.3 billion the total credit provided by the programme for boosting inter-Arab trade since its establishment. This is announced by Abdullah bin Abdul Rahman Al-Hamoody, ATFP Chairman and CEO, during the 28th annual meeting of ...