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

  Bloomberg Rosneft PJSC, the state-run crude producer that has helped turn Russia into the top oil supplier to China, aims to secure its hold by winning more clients and establishing new delivery routes amid increasing competition and stretched infrastructure. “We continue our work to strengthen our presence in China’s market,” Chief Executive Officer Igor Sechin said in comments sent ...

  Bloomberg Some British companies are planning to freeze recruitment and are considering moving operations outside the United Kingdom following Britain’s decision to leave the European Union, according to a survey by a business group. An Institute of Directors poll of 1,092 United Kingdombusiness leaders found 24 percent of respondents plan to pause hiring plans, while 5 percent of companies ...

  Bloomberg Investors will consider hoarding cash in vaults as government bond yields fall deeper into negative territory following the U.K.’s vote to leave the European Union, according to Talanx AG, Germany’s third-biggest insurer. “Storing physical cash as an alternative to paying negative interest rates does look increasingly attractive,” CEO Immo Querner said in an interview. The aftershocks of the ...

  Bloomberg An espresso machine that can make anything from a concentrated ristretto espresso to a multilayered latte macchiato at the touch of a button. Price: Starts at $3,500 Why It’s Worth It: Because you can easily customize every aspect of your favorite drinks, your morning cappuccino can be perfect and easy. Enter the Jura Z6, which—in a very Swiss ...

  Sanobar Sabah / Special to Emirates Business Shrinking employment opportunities across various sectors in the UAE are triggering greater interest in entrepreneurship, say experts and local entrepreneurs. This appears to be the case among nationals as well as expatriates. “People are inspired by the success of startups with disruptive business models, and by internet-powered businesses which have managed to ...

  RITIKA SHARMA / Emirates Business UAE has always been in the forefront to welcome new investments. Companies in the country are now charting out innovative plans that encourage more individual investors to consider buying properties in the Emirates’ bustling hospitality sector. Leading the way, Dubai-based real estate developer DAMAC Properties is providing one-of-its-kind opportunities for individual investors to tap ...

  Abu Dhabi / Emirates Business The second phase of the Mira Oasis community will consist of 1393 units and is divided into 3 plots that will comprise of fully fitted contemporary townhouses stylishly designed with a choice of courtyard living. With spacious 3-4 bedroom units that come in different types of housing clusters, the community will effortlessly integrate family ...

  London / Bloomberg EasyJet Plc joined British Airways owner IAG SA in warning that a drop in travel demand and a slump in the value of sterling following the UK vote to quit the European Union will hurt earnings for the rest of the summer. Shares of Luton, England-based EasyJet fell as much as 19 percent and were priced ...

  Washington / Bloomberg Spirit Airlines Inc. wants to eliminate its reputation for late arrivals, but has no illusions it will ever be No. 1 for being on-time. Traditionally saddled with one of the worst on-time performances among U.S. carriers, the ultra-low-cost airline will try to improve its rate by 10 percentage points this year as one of several steps ...

    Beaverton / Bloomberg The race to run the world’s biggest sports brand is now a three-way contest. Nike Inc. Chief Executive Officer Mark Parker isn’t going anywhere just yet, but an April shakeup in the executive ranks has set off speculation that an internal battle is brewing for the opportunity to succeed him. The payoff: a chance to ...