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

  Bloomberg Millennials’ seemingly unquenchable thirst for coffee is helping to push global demand to a record just as supplies are tightening. Americans are becoming java junkies at an earlier age, and young adults are increasing their daily consumption at a fast enough pace to make up for declines by older folks. The result: Demand in the US, the world’s ...

  Krefeld / DPA A visit to the Ascot tie and cravat factory in Krefeld, Germany is like stepping back in time, the very building giving the impression of a sobriety alien to today’s start- ups. Silence and concentration reigns among the workers on the factory floor, where only the rattle of the sewing and knitting machines — some of ...

  WASHINGTON / WAM The United Arab Emirates and the United States of America and on Sunday reaffirmed their shared commitment to a strong bilateral relationship during the US-UAE Strategic Energy Dialogue held at the US Department of Energy in Washington. US Deputy Secretary of Energy Dr Elizabeth Sherwood-Randall and UAE Under-Secretary of Energy, Dr Matar Al Neyadi, co-chaired the ...

  RIYADH / WAM Etihad Airways’ latest Boeing 787 Dreamliner route was launched on Sunday with the state-of-the art aircraft touching down in Riyadh, capital of the Kingdom of Saudi Arabia. The occasion was marked with an official welcome ceremony attended by the airline’s senior management led by Hareb Almuhairy, Etihad Airways Senior Vice President Corporate and International Affairs, together ...

  ABU DHABI / WAM Strata Manufacturing, the advanced composite aero-structures manufacturing facility wholly owned by Mubadala Development Company, celebrated the successful completion of the First Article Inspection (FAI) of Aileron and Flap Track Fairing (FTF) shipsets for the Airbus A330neo. In 2015, Strata was awarded the sole supplier contract to provide ailerons to Airbus for the A330 and A330neo. ...

  DUBAI / WAM Dubai Aerospace Enterprise, (DAE) on Sunday announced that it has delivered its first Airbus A350-900 aircraft to Vietnam Airlines under a sale and leaseback agreement covering three Airbus A350-900 aircraft. The remaining two aircraft are scheduled for delivery in the next three months. Firoz Tarapore, Chief Executive of DAE, said, “We are delighted to extend our ...

  DUBAI / WAM Etisalat and On Time Group signed on Sunday the memo of understanding (MoU) aimed at assisting new small and medium enterprises to kick-start their operations in the UAE. Etisalat’s Hello Business, launched in 2015, is an on-boarding programme to help new businesses set up their operations and grow in the UAE. The Etisalat and On Time ...

  To understand this nasty and nutty campaign, you have to go back to 1973, which is before roughly 60 percent of today’s Americans were alive. The backward trip in time illuminates how the United States and, indeed, most advanced nations, became addicted to rapid economic growth and how this, in turn, polluted our politics. It bred disillusion and disappointment. ...

Under securities law, a publicly disclosed half-truth is worse than no truth at all, according to an appeals court opinion filed this week involving Arena Pharmaceuticals Inc. The decision has an intuitive moral appeal. But it’s not at all clear that it makes sense from the standpoint of investors, who might be misled just as thoroughly by failure to disclose ...

  Because Brexit isn’t risky enough, apparently, Britain’s Conservative government has decided to embark on another project fraught with potential for failure. For many years, the country has been arguing furiously about a big expansion of London’s Heathrow airport. Having once opposed the idea, the Tories say they are now in favour. Prime Minister Theresa May is right: Heathrow needs ...