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

Erika Lindholm In our current economic system — the linear economic system — we extract resources from our planet at an ever-increasing pace, and turn them into a product that we mostly dispose after use. From the perspective of an individual or organization, that seems efficient. However, zooming out to a global level shows how unsustainable this approach is. The ...

Our Correspondent / EMIRATES BUSINESS Elegant Resorts is certainly adding a dash of luxury in the lifestyle of the UAE residents. You just name any of the lavish destinations from the world map and they would offer you a tailor-made travel itinerary exactly matching your likings and personality. In just few months of its UAE operations, Elegant Resorts has managed ...

Our Correspondent / Emirates Business Only a handful of companies in United Arab Emirates can be compared to the growth and diversification which Abela & Co has achieved over the last 50 years. This brand name would instantly come to mind when there is any mention about the food management service industry in the region. Established in Dubai by its ...

It is the fourth most lucrative illegal trade in the world and Malaysia is among its thriving hubs. The global black market for wildlife and wildlife products is estimated to be about US$20 billion, ranking below drug smuggling, human trafficking and the illegal arms trade. Over the past four decades, more than 50 percent of the world’s wildlife has been ...

Donald Trump’s big win in Nevada, with Marco Rubio pulling even with or just ahead of Ted Cruz, fuels the conventional wisdom that the Republican presidential contest is now down to a two-man race. However, this year the conventional wisdom has been consistently wrong. Next Tuesday will test that two-man theory. Ted Cruz, despite third-place finish in South Carolina and ...

International attention has once again closed in on the South China Sea over claims that China has deployed HQ-9 surface-to-air missile batteries to Woody Island. Reports suggest that US intelligence sources have confirmed the presence of these mobile batteries, whereas satellite images of Woody Island earlier this month showed no such batteries. China’s Foreign Minister, Wang Yi, has downplayed concerns ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.08% to close at 4255.16 points. Accordingly the Market Capitalization has lost AED 7.56 Billion attaining AED 690.24 Billion. A total of 1.18 Billion Shares were traded with a total value of 1.1 Billion AED during the trading session of 24-02-2016 through 10870 transactions. The number of companies which ...

Hong Kong / AFP Asian stocks mostly slumped on Wednesday as sentiment was dragged down by a renewed drop in oil prices and a resurgent yen sucked the air out of the Japanese market. Crude weakened after Iran’s oil minister called a proposal by Saudi Arabia and Russia to freeze production “ridiculous”, as it seeks to boost output after years ...

New York / AFP US stocks tumbled, with energy-related equities dropping on lower oil prices and large banks falling on worries over bad energy loans. The Dow Jones Industrial Average fell 188.88 points (1.14 percent) to 16,431.78. The broad-based S&P 500 fell 24.23 (1.25 percent) to 1,921.27, while the tech-rich Nasdaq Composite Index dropped 67.02 (1.47 percent) to 4,503.58. Oil ...

AFP UK-based construction and support services company Interserve has reported positive results from its construction activities in the GCC region. “Volumes are up, margins are steady, and order book is growing,” says Adrian Ringrose, CEO, Interserve speaking at the company’s half year results briefing on 24 February. “We are busy in in the region,” says Ringrose. “In terms of manpower ...