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

  It’s been a year since a sudden, 1.9 percent decline in the Chinese yuan rattled global markets and prompted fears of a global currency war. China has mostly soothed nerves by moderating the renminbi’s swoon since then. But what should really put minds to rest is the knowledge that no one — not even China, which arguably did power ...

  Financial markets are no longer just a barometer. Now they can cause storms. We can see two reasons that this happened: Active investors switched to autopilot, and economic regulators became followers rather than leaders. We can also see two outcomes: perverting the function of markets and creating new uncertainties in the economy. The decision by investors to shift from ...

  It’s going to be two months since the June 23 EU referendum and the mounting impact of a plunging pound. A recent report says that the prices of goods – from cars and computers to some foods and property – are increasing. And it is the consumers who are bearing the brunt of the rising costs. The apparent fear ...

  It was widely observed that Brexit was driven by anti-immigrant sentiment. A new Ipsos poll confirms that about half of Brits have a negative view of immigration, while only 35 percent view it positively. Much concern has focused upon European Union citizens currently residing in the U.K (they’ll certainly be grandfathered, as will U.K. citizens living in the EU), ...

  The world’s great cities could hold the key to the prosperity of the human race. Yet a comprehensive new study points to a worrying trend: The water they need to grow is getting more expensive, because they’re failing to protect the nature that purifies it. Cities are amazing engines of productivity. As the hubs of our modern societies, they ...

  Many politicians and commentators are calling for a big burst of spending on infrastructure. On his blog, my esteemed Bloomberg View colleague Tyler Cowen raises an interesting question: What is the opportunity cost of government spending — that is, what is the value of the other uses to which the money and resources could be put? To answer this ...

  Bloomberg World stock markets largely retreated on Wednesday, with all eyes on the Federal Reserve as it prepares to offer further clues as to the timing of the next US rate rise. European indices fell back after opening higher, although London’s losses were capped by brighter-than-expected unemployment figures that calmed fears surrounding Brexit’s economic fallout. Tokyo was the only ...

  Reuters Qatar’s main stock index moved little in early trade on Wednesday but other bourses in the Gulf edged lower as oil and global equities retreated. Doha’s index was flat after it rose 2.2 percent on Tuesday on expectations of fund inflows when index compiler FTSE promotes it to emerging market status next month. Qatar Insurance gained a further ...

  Bloomberg Oil halted gains near the highest closing price in five weeks as industry data showed U.S. gasoline stockpiles expanded, keeping supplies at the highest seasonal level in more than two decades. Futures were little changed in New York, having added 12 percent the previous four sessions after Saudi Arabia said it was prepared to act to stabilize markets. ...

  Bloomberg After spending billions of dollars constructing a world-class liquefied natural gas export project in Australia, Santos Ltd. has found itself short of gas. The country’s third-largest energy producer, which isn’t pumping enough of its own gas to feed its Gladstone LNG plant yet, is having to buy expensive local supplies to fill the gap. Meanwhile, prices for the ...