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

  Abu Dhabi / WAM The Tourism Development and Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Monday that it has awarded the main construction contract for Jawaher Saadiyat to Al Jaber Building LLC, following a competitive tendering process. The contract is valued at AED 370 million and the project is on ...

  Abu Dhabi / Emirates Business Masdar Institute of Science of Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, on Monday announced that it is organizing a two-day course in electrochemical engineering focused on ‘Batteries and Fuel Cells’ for members of the Young Future Energy Leaders (YFEL) program. The course, to be led by Dr ...

  London / AFP Scottish First Minister Nicola Sturgeon on Monday warned Britain was heading for a “hard” exit from the European Union against Scotland’s wishes, which could pave the way for independence. In a speech in Edinburgh, the Scottish National Party (SNP) leader cited continuing access to the EU single market and maintaining freedom of movement with the bloc ...

  London / AFP British Prime Minister Theresa May on Monday promised a “practical solution” on the Irish border after Britain leaves the European Union in a bid to allay fears about a return to tough checks. She spoke on her first visit since taking office to Northern Ireland, which has what would become the United Kingdom’s only border with ...

  Philadelphia / AFP Republican Donald Trump has drawn level with and even surpassed his White House rival Hillary Clinton as the billionaire enjoys a surge after his party’s nominating convention last week, polls showed Monday. Post-convention bounces are expected for a US presidential candidate who has been in the media spotlight for a solid week. But the surge is ...

  Bloomberg Hillary Clinton’s campaign manager insisted that Democrats are unified as they kick off their nominating convention amid the ouster of Democratic National Committee chairwoman Debbie Wasserman Schultz and said he is “very confident” Bernie Sanders will deliver a rousing speech Monday night in support of the nominee. Speaking at a Bloomberg Politics breakfast on Monday in Philadelphia, Robby ...

  Bloomberg Brazil’s real joined a slide in emerging markets on Monday as policy makers intervened to weaken the currency and economists cut economic forecasts amid uncertainty on budget plans. The real weakened 0.5 percent to 3.2736 per dollar at 10:22 a.m. after the monetary authority placed 10,000 reverse currency swaps, equivalent to buying $500 million in the futures market. ...

  AFP The EU ordered Spain on Monday to recover 140 million euros ($150 million) in illegal state aid set aside for a high speed train test centre that Brussels said was unnecessary. The commission, the EU’s powerful executive arm, in 2015 launched a probe into the plans for the unique testing site mear Malaga where, if completed, trains could ...

  Bloomberg Canada stocks fell the highest level in a year, halting a three-day advance as commodities producers retreated with crude and gold. The S&P/TSX Composite Index lost 0.3 percent to 14,555 at 9:56 a.m. in Toronto. The benchmark is up 12 percent in 2016, making Canadian stocks more expensive than their U.S. peers, with a price-earnings ratio of 22.4 ...

WASHINGTON If economic commentators (including me) seem to agree on one thing, it is this: Jobs in America have become less secure. If you’ve got an OK job, don’t let go, because you may not be able to find another. The conventional wisdom is widely shared — but it may be wrong. We now have an intriguing report from a ...