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

  As the U.S. election campaign nears its climax, Donald Trump is amping up his claim that the failure of opinion polls to predict the U.K.’s June vote to leave the European Union presages a similar surprise in his favor on Tuesday. While there are some lessons to be learned from the Brexit referendum, other conclusions aren’t backed by the ...

  A funny thing happened on the path to disruption. This decade, most of Silicon Valley’s big societal claims have turned out to be wrong. These claims arguably began around the time this cycle’s real expansion began, in late 2011. Two scholars’ 2011 text, “Race Against the Machine,” looked at some of the problems plaguing the U.S. economy —stagnant wage ...

  Pankaj Mishra Africa is “rising,” or so authoritative sources declared a few years ago. An Economist cover story in 2013 amplified the claim; the Wall Street Journal carried a series of articles on economic growth in Africa under this title. African “lions,” according to a report published as recently as September by the McKinsey Global Institute, are “on the ...

Bloomberg British Airways owner IAG SA said it’s reviewing outstanding orders for the latest Boeing Co. and Airbus Group SE wide-body jets while keeping older planes for longer and adding more seats to others in a bid to pare spending as overcapacity and the UK’s Brexit vote weigh on earnings. Plans to take 38 Airbus A350s and Boeing 787s are ...

  Bloomberg Canada will nearly double its limit on foreign ownership of airlines as part of an overhaul of transportation rules, raising it to 49 percent from 25 percent while retaining other restrictions. Transport Minister Marc Garneau announced the changes in Montreal, saying the government would immediately increase the ownership threshold to 49 percent for Canada Jetlines Ltd. and Enerjet ...

  Bloomberg Singapore Airlines Ltd. said it will be vigilant on costs as it warned yet again that the weak operating outlook is likely to persist amid excess capacity and aggressive pricing by competitors. The prospects for most major economies remain ‘tepid,’ while passenger airline business continued to be impacted by geopolitical uncertainty and weak global economic conditions, Singapore Air ...

  Bloomberg EasyJet Plc directors are in early-stage talks about relaxing executive bonus targets in order to hang on to Chief Executive Officer Carolyn McCall and other top managers as a capacity glut and the Brexit vote put the U.K. carrier’s earnings under pressure, people familiar with the plans said. The EasyJet board wants to make pay goals more achievable ...

  Dubai / Emirates Business Musafir.com, the UAE’s first premium-experience travel website, announced the launch of the online visa application service. Tourist visas to the UAE and 14 other destinations can now be directly applied on musafir.com and have their travel documentation processed and completed with no hassle. They are the first travel provider in the GCC region to introduce ...

  Bloomberg China International Capital Corp., the bank that has brought some of the country’s biggest state-owned firms to market, agreed to buy China Investment Securities Co. to gain a foothold in the retail-brokerage business. CICC, known as the Goldman Sachs of China, will acquire the brokerage from Central Huijin Investment Ltd. for 16.7 billion yuan ($2.5 billion), the Beijing-based ...

  Bloomberg China’s third-largest lender tried to obscure the trail of dollar transactions by Russian, Chinese and Middle Eastern clients and attempted to silence a compliance officer who raised alarms about it, according to New York’s banking regulator. State-controlled Agricultural Bank of China was ordered to pay a $215 million penalty and install an independent monitor for 18 months to ...