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

  India’s technology outsourcing industry was facing peak pessimism even before Donald Trump. But if the new president signs into law a draft executive order to tighten the US guest-worker regime, the moment of reckoning for the likes of Tata Consultancy Services Ltd. and Infosys Ltd. could arrive much sooner than shareholders anticipate. Since investors know very little about how ...

  Of all the measures to improve gun safety, background checks are among the most reasonable and popular. House Republicans lost no time this week in voting to weaken them. A bill approved on a mostly party-line vote in the House would rescind a rule on gun background checks that was initiated by the Barack Obama administration in 2012 and ...

  US Defense Secretary James Mattis said diplomatic efforts should be exhausted to find a solution of South China Sea dispute. Mattis’ stand is in contrast to Secretary of State Rex Tillerson, who appeared to advocate a tougher action to resolve maritime issue. Last month, Tillerson said the US should send a clear signal that further island-building should stop, and ...

  The great macroeconomist Robert Lucas once uttered a memorable quote about the mystery of economic development: Is there some action a government of India could take that would lead the Indian economy to grow [more rapidly]. If so, what, exactly?…The consequences for human welfare involved in questions like these are simply staggering: Once one starts to think about them, ...

  Earlier this week, I commended Snapchat for bucking Silicon Valley convention and going public at a relatively young age, while other high-profile startups such as Uber do everything possible to avoid IPOs. After seeing parent company Snap Inc.’s financials and its strategy, I have changed my mind. Snapchat would have been better off staying in the lush forest of ...

  Jean-Claude Trichet, the European Central Bank’s former president, used to argue that one of the euro’s greatest achievements was driving government borrowing costs down to match those of Germany, the region’s benchmark borrower. In recent weeks, however, fissures have emerged that reflect investor concern about the political and economic outlook for at least three of the common currency’s members. ...

  DUBAI / Reuters Saudi Arabia’s stock market fell in a broad-based decline on Sunday and political tensions helped to pull down Kuwait, while United Arab Emirates bourses rose. The Saudi index closed 0.7 percent lower with decliners outnumbering advancers by 121 to 29. Atheeb Telecom , which jumped last week on news of a deal to sell part of ...

Bloomberg Just when Wall Street was starting to wonder whether President Donald Trump really would be good for business, the new administration is delivering on bankers’ wish lists and sending shares of the biggest US financial companies soaring. Trump signed two directives aimed at starting the process of rolling back restrictions put in place to prevent another financial crisis. Among ...

  Bloomberg US stocks rose the most in a week after Labor Department data showed US employers in January hired the most workers in four months. Financial shares rallied on the prospect of looser financial regulations. Banks posted the best day since mod-November as President Trump prepares to sign executive orders on deregulation and an examination of the Dodd-Frank act. ...

  Dubai / Emirates Business Mashreq, the market leader in innovation, recently added two new advanced safety features to its Card Control service, integrated to its award-winning mobile banking app – Mashreq Snapp. Both the features are launched for the first time in the UAE. The two new features ‘Block by Country’ and ‘Block by Merchant Category’ are aimed at ...