Gold’s ‘cold blooded’ gain shows virus-induced rush into havens

Investors are rushing to the safety of gold amid a selloff in US stocks on mounting concerns the coronavirus outbreak will derail global growth. Gold jumped as much as 2%, extending its climb to a seven-year high, as the S&P 500 Index headed for its first weekly loss since January. In a sign that the […]

Gulf economy needs to do better on energy ‘transition’

Dubai: The transition towards a lower-carbon world economy is likely to result in reduced demand for hydrocarbon and other fossil fuels, which in turn will have a lasting impact on Gulf states, according to Standard & Poor’s (S&P). “The hydrocarbon-exporting economies of the Middle East will remain reliant on oil and gas as the primary […]

Ensuring women-owned business stand a chance

Dubai: Appoint more women to corporate board of directors. Do whatever’s possible to help women entrepreneurs get their businesses off the ground. As far as intentions are concerned, these are as good as it gets these days. But in the real world, even the best intentions do not get the expected results. Just ask Jamila […]