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

The Obama administration has a new economic worry: competition or, allegedly, the lack of it. America’s businesses, the indictment goes, merge too often, innovate too little and bilk consumers too much. The open question is whether this argument is shrewd politics, shrewd economics — or both. No doubt, the politics are enticing. In this election season, criticizing big, impersonal firms ...

  Revelations of global auto-emissions cheating demonstrate how difficult it would be to rein in global warming. Embarrassingly, the cheating reports continued to stream in, while the world leaders were gathering in New York on Friday to sign the landmark Paris Climate Accord. It is but a paradox that such scandals come from major auto companies in the developed countries ...

  Edward Niedermeyer After a 17-year-old Texas woman became the 10th American killed by exploding Takata airbags last month, it was revealed that while the vehicle had been recalled, it had never been taken in for repair. This is tragic but not surprising: Only about a third of the nearly 29 million recalled Takata airbags have actually been replaced. This ...

  China’s critics are united on one point: The country’s central problem is that it’s moving too slowly to embrace free markets. For now, however, the bigger risk lies in moving too fast. It’s important to remember how China reached this point. For any big economy, coordination poses a steep challenge. The problem is particularly acute at early stages of ...

  Indonesia is arguably the least well-known big country in the world, punching far below its weight when it comes to foreign affairs. Now comes a golden opportunity to change that – a seat on the United Nations Security Council (UNSC) due next year, or in 2018. The timing could not be more apt, coming right as the country has ...

  There is an excellent reason for German Chancellor Angela Merkel to want a good relationship with Turkish President Recep Tayyip Erdogan: The European Union’s March deal with Turkey appears to have defused the refugee crisis for now. Merkel can now concentrate on political damage control and on restoring her position in the EU, undermined by a costly flutter of ...

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has launched a mobile application for the iPhone that enables guests to organise and manage their journey with even greater ease as the airline continues to adopt innovative technology to reimagine the flying experience. Etihad Airways guests will enjoy 10 percent off flights, and members of ...

  DUBAI / Emirates Business Dubai’s Awqaf and Minors Affairs Foundation (AMAF) has issued its annual report for 2015, recording a 19 percent growth in revenue to hit AED172 million compared with AED144 million in 2014. Over the past year, the Foundation has emerged as a global model for endowment development and nurturing of minors. In 2015, AMAF’s five endowment ...

  DUBAI / Emirates Business Cementing its position as a major player in the Middle East and North Africa (MENA) hospitality market, Louvre Hotels Group, one of the largest hospitality groups in the world, has announced that it will open 11 new hotels in the region this year, including six hotels in the GCC. The move forms part of an ...

  Dubai / Emirates Business The Virgin Mobile Middle East and Africa has been recognised for the most successful MVNO (Mobile Virtual Network Operators) globally at the MVNO World Congress of 2016. Following high competition in the region, Virgin Mobile MEA won top honour of the main award at this year’s ceremony for its unparalleled success breaking into and innovating ...