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

  Fake news on social media stymied the presidential campaign of Hillary Clinton. Now, businesses are wondering what they should do if they’re targeted next. For some, it’s too late. Pepsi’s chief executive never told Trump supporters to “take their business elsewhere,” but websites still falsely claimed she did. Coca-Cola had to deal with bogus reports that a “clear parasite” ...

  NEW YORK / AP Crunchy snow and ice greeted designers, models and fans at New York Fashion Week. What visitors got was a high-profile debut and a political message at Calvin Klein, some psychedelic designs (and more politics) from Jeremy Scott, a focus on femininity from Jason Wu, and not one but two collections by Kate Spade. CALVIN KLEIN’s ...

  Dubai / Emirates Business Dubai is the place for fashionistas and shoppers to update their wardrobe with the new season’s hottest trends and new styles. From February 10, Spring/Summer ‘17 collections hit the shelves of stores and boutiques across the emirate. From Cavalli to Coach, Marc Jacobs to Michael Kors, Topshop to Tommy Hilfiger, shoppers can purchase the latest ...

  Abu Dhabi / Emirates Business Etihad Airways announced the launch of “Runway to Runway,” a unique rewards program specially designed to support the fashion community’s international travel requirements. Since announcing its fashion partnership with IMG in 2016, Etihad Airways has worked with the company and its fashion industry network to develop a bespoke membership program that offers specialized travel ...

  Bloomberg Acclaimed Indian designer Ritu Kumar will present her latest bridal collection at an exclusive fashion show for the first time during Bride Dubai on February 16, 2017. This bridal extravaganza, is the Middle East region’s leading wedding and lifestyle event. True to Ritu Kumar aesthetics, the bridal line this season is inspired by traditional zardozi embroidery and kanjeevarams ...

  Bloomberg OPEC achieved the best compliance rate in its history at the outset of an accord to clear the oil glut, a plan that’s being supported by surprising strength in demand, the International Energy Agency said. The Organization of Petroleum Exporting Countries implemented 90 percent of promised output cuts in January, the first month of its agreement, as key ...

  Bloomberg Petroleo Brasileiro SA’s $5.2 billion sale of a natural gas distribution unit to Brookfield Asset Management Inc. and other investors has just hit a legal snag. A Brazilian federal judge granted an injunction against the acquisition of Nova Transportadora do Sudesteon on grounds that the sale wasn’t sufficiently publicized to foster competition, according to a copy of the ...

  Bloomberg Saudi Arabia is trying to make sure crude buyers in the world’s biggest oil market aren’t lured by rivals while it curbs output as promised. Saudi Arabian Oil Co. will sell full volumes of contractual supply for March to Asian refiners, according to people with knowledge of the matter who asked not to be identified because the information ...

  Bloomberg Oil was pulled higher by a surge in gasoline after US motor fuel supplies unexpectedly fell last week, shrugging off the biggest crude supply gain since October. Gasoline stockpiles fell 869,000 barrels, pushing refining margins more than $2 a barrel higher. Demand climbed the most in a year. Crude inventories climbed 13.8 million barrels in the week ended ...

  Bloomberg China installed almost three times more wind power than the US last year, continu- ing its clean-energy investment blitz to reduce greenhouse gas emissions and increase air quality. China led new global wind-power installations with 23.3 gigawatts, compared with 8.2 gigawatts in second-place US, according to a report published by the Global Wind Energy Council. About 54.6 gigawatts ...