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

  Bloomberg Drawn to India by an explosion in metro-rail projects, Alstom SA and Bombardier Inc are now poised to use the nation known for being the world’s back-office as a manufacturing export hub. The French and Canadian multinationals set up manufacturing and engineering operations between 2008 and 2010 to tap into India’s rapidly-growing urban transportation market and will now ...

  Bloomberg PetroVietnam Power Corp., Vietnam’s second-largest power producer, said the sale of a 49 percent stake to strategic investors and through an initial public offering could fetch about $600 million. PV Power, as it is better known, is open to selling as much as 60 percent of the company, contingent on government approval, according to a document posted on ...

  Bloomberg The UK is eyeing a deal with the US to give London-based banks free access to Wall Street, International Trade Secretary Liam Fox said as he predicted Britain’s economy would thrive even without a Brexit deal. In an interview with Bloomberg, Fox said he wanted to open up commerce with the US “in every sector” including financial services, ...

  Bloomberg Europe is likely to end the wheat season with the smallest stockpiles in 13 years. Inventories of wheat held in the European Union will probably plunge 37 percent to 10.1 million metric tons at the end of June, according to Tallage SAS, publisher of the Strategie Grains report. The combination of a poor harvest, strong consumption and higher-than-expected ...

  Bloomberg London’s housing market is in its worst slump since the depths of the financial crisis eight years ago, part of a broader slowdown that may continue. The Royal Institution of Chartered Surveyors said its price balance for the city fell to the lowest since February 2009 last month. It declined to minus 49, indicating that a greater percentage ...

  If you’re a middle-class American baby boomer or Gen Xer, you might have spent much of the past decade wondering what went wrong. If you’re a boomer, there’s a good chance you’re still working well after you thought you’d retire: And if you’re part of Generation X, you’re probably less wealthy than your parents were at the same age. ...

  “Putting American Workers First,” reads the bold headline on the home page of the U.S. Citizenship and Immigration Services, proclaiming: “New Measures to Detect H-1B Visa Fraud and Abuse.” A click through to the April 3 statement outlines steps the agency will take to clamp down on the use of temporary visas for foreign workers in specialty occupations. Among ...

  Greece and its creditors say they’ve made progress in their endless negotiations over the country’s debts — enough to avoid a default on payments worth more than 7 billion euros in July. That’s good, but it was the easy part. The definitive settlement that Greece and the European Union both need still isn’t in sight. For the past seven ...

  His critics called him a political novice, blasted his unorthodox presidential campaign and wrote him off for US presidency. Still Trump became 45th president of United States defying all odds. But one thing his detractors failed to understand was Trump’s ability to make about-face on promises and policies related to both domestic and international issues if the situation demands. ...

  Politicians like to throw around the phrase “currency manipulation” when they feel that some other nation has developed an unfair trade advantage by way of an artificially weak exchange rate. In the currency markets, though, it has a more benign meaning and can help explain some of the seemingly head-scratching moves of late such as the dollar’s weakness. That’s ...