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

LONDON / WAM The path ahead to deliver innovation in energy sector is certainly challenging, but the UAE is a nation where innovation and creativity meets a positive attitude towards change and improvement, according to Dr Matar Al Neyadi, Under-Secretary of the UAE Ministry of Energy, speaking in the run up to the recent World Energy Council annual general gathering ...

Emirates Business Ras Al Khaimah Economic Zone continues to go global with its upcoming participation at this year’s Pakistan International Trade Fair (PITF), one of the biggest consumer and trade fair happening in Expo Centre Karachi from October 26 to 29. Expected to gather more than 120,000 visitors and 16,000 exhibitors from 20 different countries, RAKEZ will capitalise on event’s ...

Bloomberg Theresa May’s battle to get her Brexit legislation through Parliament hit a new roadblock as the opposition Labour Party threatened to unite with rebels among her Conservatives, eclipsing the small victory she brought home from a summit of European Union leaders. The UK prime minister returned from Brussels bolstered by encouraging words from her European counterparts, who signaled that ...

Bloomberg US Secretary of State Rex Tillerson made a surprise visit to Afghanistan on Monday, meeting with the nation’s leaders leaders as the Trump administration pursues a new strategy pledging an open-ended troop commitment after more than 15 years of war. Tillerson met at Bagram Air Base with President Ashraf Ghani and Chief Executive Abdullah Abdullah before returning to Doha ...

Bloomberg A day after a landslide election victory, Prime Minister Shinzo Abe pledged to seek a broad consensus on revising Japan’s 70-year-old pacifist constitution and reiterated there was no fixed schedule for change. Abe, 63, saw his ruling coalition retain its two-thirds majority in the 465-member lower house on Sunday, bolstering his chances of staying in office through 2021. While ...

Bloomberg Longtime Ankara Mayor Melih Gokcek is resisting pressure to resign, fashioning himself into an unlikely rebel as President Recep Tayyip Erdogan turns a sweeping purge of Turkish society against his own party. Gokcek, who’s been elected to the post in five consecutive elections since 1994, has been under pressure to step down since early this month, when Turkish media ...

Bloomberg Catalan separatists are mobilizing a human shield to block efforts by the Spanish authorities to take control of the breakaway region as both sides prepare to escalate the political conflict. Groups will concentrate their activists around the regional government’s headquarters in Barcelona’s Gothic quarter and the nearby parliament building, according to two people familiar with the plans, asking not ...

Bloomberg Twenty-eight years after Poland led eastern Europe’s break with communism and its embrace of western-style democracy, the country’s human rights commissioner is sounding the alarm with a warning that the European Union’s largest eastern nation is on a road that leads back to authoritarian rule. The latest plan by President Andrzej Duda and the ruling party to revamp the ...

SINGAPORE / Reuters Global liquefied natural gas (LNG) markets will remain oversupplied into the 2020s due to a surge in production, although soaring demand especially from China may tighten the market earlier than expected, the International Energy Agency (IEA) said on Monday. “We will see massive amounts of new LNG capacity coming to the market … so we will probably ...

Bloomberg Saudi Arabia is working on a plan to allow non-resident foreign investors to own strategic stakes in listed companies as the kingdom overhauls its economy. The Capital Market Authority and the Saudi Arabian General Investment Authority signed a memorandum to set up a framework to allow foreigners to own 10 percent or more of publicly traded companies and to ...