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

  The duration of the latest Syrian cease-fire may matter less than its genesis. Russia, Turkey and Iran brokered the agreement without U.S. involvement — a worrying sign of the waning regional influence of the world’s only superpower. Whether this decline is temporary or permanent remains to be seen. What is abundantly clear is that, having decided not to intervene ...

  Negotiations between Nicos Anastasiades, the Greek Cypriot leader, and his Turkish Cypriot counterpart, Mustafa Akinci, in November failed to find any solution for decades-old division of Cyprus. The talks, held in Switzerland, were supposed to produce a map of the internal boundaries of a future federation on Cyprus and pave the way for broader talks. But the two-day session ...

  On January 6, the Labor Department will release the final monthly employment report of what has been an historic eight-year run of jobs growth during the Barack Obama administration. This period confirmed some of our beliefs about the economy but also exposed the limitations of our understanding of a structurally changing employment situation. Here are three main takeaways from ...

  Expats living in the home of UBS Group AG, drug maker Novartis AG and commodity trader Glencore Plc earn an average salary of $188,275 a year. That’s the highest in the world and almost twice the global average, according to data published by HSBC Holdings Plc. Switzerland also tops the bank’s expat career ranking for a second year. “Expats ...

  A trip is often defined by its surprises, so here are my biggest revelations from six days in Lagos, Nigeria. Most of all, I found Lagos to be much safer than advertised. It is frequently described as one of the most dangerous cities on earth. Many people told me I was crazy to go there, and some Nigerian expats ...

  Reuters Egypt’s stock market closed the week at a record high on Thursday as foreign funds continued to buy, while Gulf markets inched up on the back of firmer crude oil and global bourses. Cairo’s index closed 1.7 percent higher at 12,824 points in the heaviest traded volume since mid-November. “Since the float of the currency on Nov. 3 ...

  Bloomberg The dollar faced further headwinds as Chinese efforts to stem capital outflows and a rethinking of Federal Reserve intentions conspired to halt the strongest rally in the currency in more than a decade. Gold rose with Treasuries. The greenback weakened a second day after reaching a 14-year high, as a record of Fed deliberations signaled central bankers remain ...

  Bloomberg After a comfortable two-year spell of cheap fuel and no major crises to dampen travel demand, US airlines are in for what looks to be a more turbulent 2017. Buckle up. Seven consecutive quarters of declining jet fuel expenses have come to an end as carriers are likely to report higher bills for the fourth quarter of 2016, ...

  Bloomberg Xiaomi Corp. surpassed $1 billion in annual India revenue two years after selling its first smartphone in the country, as Chinese names begin to dominate the world’s fastest-growing major market at the expense of local players. Xiaomi said it grew shipments by almost 150% in 2016, selling two million smartphones in the third quarter alone. The company had ...

  Bloomberg Coca-Cola Co. was sued by activists who compare the beverage giant’s advertising tactics to the tobacco industry’s past efforts in minimizing the health effects of its products and targeting children to replenish the ranks of its customers. The nonprofit Praxis Project seeks to stop Coke and the Washington-based American Beverage Association (ABA) from deceptive advertising of sugary drinks, ...