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

  Dubai / Emirates Business dubizzle, the UAE’s leading classifieds platform, has published its first ever luxury and prestige motors report looking at trends over the first seven months of 2016. According to the report, almost 145,000 car ads were posted, with over 7,000 luxury car ads, including Porsche and Bentley, and 36,000 prestige car ads, including Mercedes-Benz and BMW, ...

  Reuters Iraq is willing to play an active role within OPEC to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said. Jabar Ali al-Luaibi, on a visit to the southern oil city of Basra, renewed calls for local and international oil companies in Iraq ...

  Bloomberg Global energy demand has been growing at a breakneck pace since the 19th century. That’ll change in about 40 years, according to Sanford C. Bernstein & Co. Demand will peak in the 2050s and then begin to weaken as energy consumption per unit of gross domestic product declines, Bernstein analysts including Neil Beveridge said in a note Aug. ...

  Bloomberg The initial public offering of Saudi Arabian Oil Co. remains on track while the government considers how to meet all its objectives from the sale of a stake in the world’s biggest oil company, the kingdom’s Energy Minister said. Saudi Arabia hopes to list the company, also known as Saudi Aramco, in early 2018, Energy Minister Khalid Al-Falih ...

  Bloomberg Saudi Arabia’s energy minister said an oil-output freeze would be “positive” if it happens, while ruling out a cut in production. Iran’s oil minister became the latest OPEC member to say he will attend a meeting of producers in Algiers next month to discuss market conditions, including the possibility of keeping crude production at current levels. Saudi Arabia ...

Reuters Sadara Chemical, a $20 billion petrochemical joint venture between national oil giant Saudi Aramco and Dow Chemical, has started operating its mixed-feed cracker at the venture’s petrochemical complex in Jubail. The facility on the Gulf coast of Saudi Arabia, the first mixed-feed cracker in the six-nation Gulf Cooperation Council, can process both ethane and naphtha. Sadara Basic Services Co, ...

  Call it the Snooze Economy. Roughly two months before the presidential election, the economy has turned both boring and mystifying. It hardly impresses anyone, and yet this plodding performance is probably helping Hillary Clinton by minimizing bad economic news. More important: The lackluster expansion, if continued for a few more years, would represent an enormous achievement. It would finally ...

  Let’s talk today about compliance in the financial industry. This topic seems to come up a lot lately. I hear complaints from brokers on the sell side, most of whom don’t have kind words to say about their main regulatory overseer, the Financial Industry Regulatory Authority — even though it’s supposedly in the pocket of the financial industry. I ...

  The best way to describe China’s economic quandary is also the simplest: It can strive for maximum growth now or later — but not both. China’s government is well aware that promoting the growth of the world’s largest economy in the long term involves structural changes that will slow the economy in the short term. And its success in ...

  Venezuela’s crushing economic and political crisis is spiralling out of control. Widespread food and medicine crunch, 700% inflation, abysmal recession, corruption and crime have put the country on the edge of a virtual collapse. The recall vote to unseat President Nicolas Maduro is also facing bureaucratic bottlenecks. The ruling party has been accused of creating a climate of intimidation ...