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

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) conducted a survey to measure the happiness index of the community for 2016, in cooperation with a leading expert in the field. DEWA recorded a happiness index of 89.01 percent, compared to the 87.12 percent recorded in 2015. These results reflect DEWA’s commitment towards achieving the happiness of the community, and ...

  The European Central Bank has spent the last few years battling the threat of deflation with a combination of negative interest rates and a bond-buying splurge. There’s now enough evidence to suggest ECB President Mario Draghi should at last acknowledge that inflation has returned. But even if he does, the fissures underlying the euro zone economy will prevent the ...

  One of the reasons for Line Corp. to list its shares in both Tokyo and New York was to broaden its international scope. It’s not working. The social-networking company’s fourth-quarter operating profit missed analysts’ estimates by 70 percent, with many pointing to declines in gaming and digital content revenue. But there’s an even deeper reason for the disappointment. Investors ...

  The planet has broken global heat records for three years in a row — a finding that, paradoxically, may raise public concern about global warming, but won’t change long-term climate forecasts. First, the good news: Scientists say the run of record-breaking temperatures doesn’t mean that we should expect every year to be relentlessly hotter than the last. From year ...

  Bloomberg Qantas Airways Ltd. plans to expand its international business after a three-year restructuring effort by Chief Executive Officer Alan Joyce helped deliver record profits for the Australian carrier. The division, which was losing money before the turnaround, is now in a position to grow, Joyce, 50, said in an interview in Beijing with Bloomberg TV on Thursday. Joyce ...

  DUBLIN / Reuters Ryanair is in talks about providing connecting flights to AlItalia’s long-haul services and has raised objections with German authorities about a Lufthansa-Air Berlin tie-up, as it tries to ease its expansion in continental Europe. The Irish airline, Europe’s largest by passenger numbers, is looking to add 11 million passengers in the year to March 2018 and ...

  Bloomberg Copperchase Ltd., a UK-based contractor, began the first phase of construction of an airport in central Iraq that will help ease travel for millions of religious pilgrims who visit the city of Karbala each year. The company is building a runway, terminal, control tower and other facilities at a cost of between $250 million and $500 million, Nahidh ...

  Bloomberg Passengers who want to watch a movie on American Airlines Group Inc.’s new 737 Max better bring a device to watch it on. The carrier said it won’t feature seat-back video screens on the Boeing Co. aircraft because almost all travelers now carry mobile phones, tablets and laptops. Satellite-based systems have improved on-board internet speed and access, which ...

  Bloomberg Target Corp. introduced a sweeping new policy governing chemicals in products, a move that will push hundreds of suppliers to list ingredients in everything from fragrances to floor cleaner. The guidelines include removing perfluorinated chemicals and flame retardants from textiles in the next five years, as well as eventually disclosing ingredients in all products. Target’s new rules come ...

  Bursa / DPA Ercan Aksakal carefully picks up the coloured shadow puppet and examines the workmanship with an expert’s eye. It is a model for Karagoz, or “Black-Eye,” the protagonist and crowd-pleaser in Turkish shadow theatre. A coarse, crafty and forthright exemplar of the common people, Karagoz was also a favourite target of Ottoman censors in centuries past. Now ...