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

  Bloomberg Asia’s finally becoming a prime destination for US shale gas cargoes. At least 10 of the 12 tankers bearing liquefied natural gas that left Cheniere Energy Inc.’s Sabine Pass terminal in Louisiana in December are headed for Asian countries, shipping data compiled by Bloomberg show. The December tally surpasses November’s record of 10 departures. Sabine Pass is the ...

  Bloomberg Iraq’s oil exports from its southern ports in the Gulf reached a record high in December, just before the country was due to join other major producers in cutting output to help curb a global oversupply.Shipments from southern ports in Basra Province averaged 3.51 million barrels a day in December, Oil Minister Jabbar Al-Luaibi said in an e-mailed ...

  Bloomberg Oil fell for the first time in four days as an increase in US drilling activity fanned speculation that OPEC production cuts could revive output in North America. Futures slid as much as 2.1 percent in New York after rising 3.2 percent the previous three sessions. Gulf oil producers Saudi Arabia, the United Arab Emirates, Qatar, Oman and ...

  ALBANY / AP The aging Indian Point nuclear power plant just north of New York City will close within about four years under a deal with Gov. Andrew Cuomo, who has long argued it should be shuttered to protect the millions of people living nearby. Under the arrangement, plant owner Entergy Corp. will shut both reactors at the Westchester ...

  Bloomberg Oil producers from Saudi Arabia to the United Arab Emirates are complying with production cuts promised last year to stabilize the market, Kuwait’s governor to the Organization of Petroleum Exporting Countries said. Qatar, Kuwait and Oman are also complying, having announced cuts to customers, Nawal Al-Fezaia, Kuwait’s OPEC governor, said in an interview on Monday in Kuwait City ...

  Bloomberg Prime Minister Narendra Modi’s administration will probably have to prepare India’s $300 billion budget in the dark. With less than a month to go before the annual presentation, his Statistics Office has refused to estimate the impact of Modi’s unprecedented cash clampdown on gross domestic product. All it said on Friday was that growth will slow to a ...

    Bloomberg Volvo Car Group, owned by a Chinese billionaire since 2010, plans to export half of a new South Carolina factory’s output to Asia and Europe. The company plans to build 60,000 S60 sedans in Charleston initially then expand to 100,000, Hakan Samuelsson, Volvo Cars’ chief executive officer, said at a dinner at the North American International Auto ...

  Bloomberg Wealthy Asian investors unwilling to splurge on owning their own European soccer teams are showing their enthusiasm by helping fund the sport. Sales of football finance notes, backed by television rights of soccer clubs, doubled to $11 million last month from the amount issued in April, when they were opened to investors in the region, according to data ...

  Bloomberg Headhunter Casey Abel spent four months trying to hire a data-center architect for a Japanese automaker, including five meetings with the client — one with the top executive. In the end, the IT specialist joined an e-commerce company abroad for significantly more money. “There’s just a massive mismatch in salaries,” said Abel, managing director at recruiter HCCR K.K., ...

  Watching Director of National Intelligence James Clapper, a gruff, 50-year veteran of the spy world, answer congressional questions on Thursday, you couldn’t help wondering if perhaps this time Donald Trump has met his match. To recall a quip made years ago by a prominent Washington lawyer, Clapper is not a “potted plant.” He has served Republicans and Democrats alike ...