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

  Bloomberg The auto show in Detroit this week is stuffed with cars. Not 6,000-pound SUVs or spacecraft-hauling pickup trucks, but regular old sedans and coupes—spinning on the industry’s greatest stage like so many boring vanilla cakes. Of the 20 or so new models unveiled at the North American International Auto Show, about half were low to the ground. Granted, ...

  Frankfurt / DPA It’s too soon to sound the all clear, but international conservation organizations have recorded a modest rise in the number of mountain gorillas in the volcanic mountains of central Africa. Estimates put the number in Congo, Rwanda and Uganda at 800. This means that they are still highly endangered, but the population has risen from just ...

  Cologne / DPA Dietmar is one of the bestsellers today. The youths listen spellbound as he tells them how 35 years ago he robbed a bank — because he needed money so he could marry his girlfriend. He almost got away with it, escaping for a whole year before he was arrested, charged and sentenced to four years in ...

  Bloomberg From the rivers criss-crossing eastern Europe to the Mediterranean ports of Greece and France, everyone is hunting for energy supplies. Blizzards, gale force winds, arctic temperatures and river ice thicker than a house has left the stewards of the European energy business frenzied. Prices of natural gas, primarily a heating fuel, has soared to the highest in more ...

  Reuters OPEC’s Secretary-General has confidence in the commitment of oil producers who agreed to an output cut deal last month to ease a global glut that has depressed crude prices and hurt exporting countries’ revenues. Under the accord, the Organization of the Petroleum Exporting Countries and Russia and other non-members of the producer group will curtail oil output by ...

  Bloomberg About 50,000 lives a year could be saved by 2030 if no new coal-fired power plants are built in Southeast Asia, South Korea, Japan and Taiwan, according to a study from researchers at Harvard University and Greenpeace International. If coal plants currently planned or under construction in the region are actually built, some 70,000 deaths could result annually, ...

  Bloomberg Oil posted the biggest weekly decline since November as traders await proof that OPEC and other producers are following through on promises to cut production. Futures declined 1.2 percent in New York on Friday and slid 3 percent this week. Saudi Arabia reduced output to less than 10 million barrels a day and will consider renewing its pledge ...

  Bloomberg MEG Energy Corp. is boosting production at its Christina Lake project in Alberta and tapped debt and equity markets for financing, further signs of a rebound in Canada’s oil patch as crude prices stabilize. The expansion at Christina Lake Phase 2B will increase output from the site by about 25 percent to 100,000 barrels a day by 2019, ...

  Bloomberg For Tata Group’s new chairman, restoring order at India’s largest conglomerate will be atop his agenda after the ouster of his predecessor Cyrus Mistry triggered one of the country’s biggest corporate power struggles in years. The conglomerate picked Tata Consultancy Services Ltd. Chief Executive Officer Natarajan Chandrasekaran on Thursday as the next chairman of group holding company Tata ...

  Bloomberg Cash-strapped Chinese companies are ramping up sales of asset-backed securities to raise funds as they face record delays in collecting payments from customers. Structured note sales backed by assets such as receivables jumped 130 percent to 455.2 billion yuan ($65.7 billion) last year, based on official data. They accounted for 54 percent of all asset-backed securities issued in ...