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

Of the many dangerous trends in the 2016 election, the revolt against free trade that has captured both parties could do the most long-term damage. That’s because protectionism would undermine future growth of the US economy and subvert America’s role as global leader. Globalization has undeniably hurt some American workers and cost some manufacturing jobs. But there’s strong evidence that ...

Transnational education is becoming a game changer as young students leave their home countries to study abroad to acquire more new experiences and skills. They travel abroad in order to pursue higher education degrees, not bound by geographical borders. These students gain precious international exposure, and real-life international business experience. They become cosmopolitan citizens and could be outsourced anywhere for ...

Shenzhen, China’s high-tech boomtown, sprung a surprise on its 12 million-plus residents this week. Construction has begun on three giant, state-of-the-art incinerators to handle the heaving tide of trash that the city tosses out daily. One of the mega-burners — resembling an American-style football dome — will be the world’s largest waste-to-energy plant when it opens in 2018. Far from ...

Markus WINTER SPECIAL TO EMIRATES BUSINESS Not only opposition lawmakers, but also many members of the LDP, Japan’s ruling party, have been fuming over being shut out from much of the negotiations about the regional trade bloc known as the Trans-Pacific Partnership (TPP). The norin zoku (the LDP’s powerful agricultural grouping) in particular has rallied to attack the agreement, even ...

DUBAI / Agencies A flydubai flight from Dubai to Rostov-on-Don in southwestern Russia crashed early Saturday morning, and all 55 passengers and seven crew onboard were killed, the budget carrier announced. The Boeing 737 was trying to land in Rostov-on-Don, some 950 kilometres south of Moscow. In a statement, flydubai said that flight FZ981 crashed on landing at approximately 0050 ...

Dubai / WAM Statistics Center – Abu Dhabi released on Saturday a new issue of its monthly report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for February 2016, replacing, with 2014 as the base year. This CPI is used in measuring inflation and represents an important input in conomic and monetary ...

Dubai / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority -Land and Maritime, has praised the UAE leadership for extending support to the maritime transport sector which he said fills a key role in the nation’s economy. In a statement on Saturday, he said the UAE has one of ...

Dubai / WAM Dubai Chamber of Commerce and Industry has announced the names of prominent speakers for the 5th Dubai-Hamburg Business Forum being held in the emirate on March 22. Representing leading organisations from Dubai and Germany, over 10 speakers will participate in four panel discussions shedding light on four major economic sectors of mutual interest while exploring new horizons ...

ABU DHABI / WAM Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority -Land and Maritime, has praised the UAE leadership for extending support to the maritime transport sector which he said fills a key role in the nation’s economy. In a statement on Saturday, he said the UAE has one ...

DUBAI / WAM Essa Kazim, Governor of Dubai International Financial Centre (DIFC), on Saturday received Ann-Sophie Kisling, Chair of the Middle East/Gulf Working Group of the European Union Council, and a high-profile delegation comprising representatives from 22 member states of the European Union. In meetings with senior officials of financial entities operating within the Centre, the EU Council members were ...