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

Emirates Business Recording over 270 million page views per month, dubizzle — the country’s leading classifieds platform — celebrates 10 years of transforming the UAE’s second-hand market place and consumer behaviour as a whole. “In the space of 10 years, dubizzle has completely redefined the culture of ownership in the UAE by kick-starting the country’s second-hand economy, and bridging a ...

Emirates Business As upstream oil and gas companies scrutinize every dollar invested, they’re spending smarter today on digital technologies, seeking to drive value and reduce costs amid low oil and gas prices, a new survey by Accenture (NYSE: ACN) and Microsoft Corp. (NASDAQ: MSFT) reports. Respondents to the ‘2016 Upstream Oil and Gas Digital Trends Survey’ included international oil companies ...

Brussels / AFP Turkish President Recep Tayyip Erdogan heads to the United States for only the second visit of his presidency at a time when relations between the two key NATO allies are severely tested by widening differences over the Syria conflict and human rights. Erdogan, who became president in August 2014 after over a decade as premier, has yet ...

Ankara / AFP Turkey summoned Germany’s ambassador to protest a two-minute song lampooning President Recep Tayyip Erdogan that was broadcast on German television, a diplomatic source said on Tuesday. “We summoned the ambassador last week to communicate our protest about the broadcast that we condemned,” the source said. “We demanded that the broadcast is removed from the air.” German regional ...

Jerusalem / AP Israeli and Turkish officials refused to comment on Tuesday on a report by Britain’s Sky TV that the IS group planned to attack Jewish school children in Turkey. The report came after Israel advised its citizens on Monday to leave Turkey “as soon as possible,” citing the potential for extremist attacks. “Terrorists from the so-called IS have ...

Yangon / AFP Myanmar’s outgoing government on Tuesday lifted a state of emergency in conflict-hit Rakhine, a parting gesture that coincides with turbulent relations between Aung San Suu Kyi’s new administration and the western state’s powerful Buddhist political party. Rahkine is deeply scarred by communal violence between Buddhists and Rohingya Muslims that began in 2012, presenting one of the most ...

Tehran / AFP Austrian President Heinz Fischer has said it is unclear how long it will take for the West to lift sanctions on Iran, in an interview with Iran’s state television news agency IRIB. Iran’s historic agreement with world powers went into force on January 16, ending a 13-year standoff over Tehran’s disputed nuclear programme and lifting punishing sanctions ...

Jakarta / AFP Ten Indonesian sailors have been kidnapped in Philippine waters by militants who have demanded a ransom for their release, a minister said on Tuesday. The crew were travelling on two boats that were transporting coal from Borneo island to the Philippines when they were hijacked, said Indonesian Foreign Minister Retno Marsudi. It is not clear when the ...

On March 24, US oil futures settled at around $39 a barrel, up nearly 50 percent on January’s 12-year low of below $27. Meanwhile, the benchmark copper price on the London Metal Exchange closed at $4,945 a ton, up 15 percent from its six-year low in January, while iron ore prices have risen by nearly 30 percent this year to ...

The UAE is on track to usher in a knowledge-based economy. Recently, it adopted the Science, Technology and Innovation’s Higher Policy, which includes 100 national initiatives in the educational, health, energy, transportation, space and water sectors. AED300 billion is being pumped into this ambitious plan. A knowledge-based economy has four requisites: education and training, information infrastructure, economic incentive and institutional ...