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

  Bloomberg The unprecedented jetliner shopping spree that’s spanned more than a decade is drawing to a close. That’s bad news for Boeing Co. and Airbus Group SE, which face slowing jet sales and the highest level of airplane-delivery deferrals in at least 15 years. Unlike past retrenchments triggered by terrorism or recession, demand has also been hurt by the ...

  Hamburg / DPA Many bookworms baulked when singer-songwriter Bob Dylan was recently awarded the Nobel Prize in Literature. But the highbrow position traditionally occupied by authors is now also being encroached upon by computer games designers, who are challenging traditional forms of storytelling and breaking the boundaries of narrative. One of these is Jan Mueller-Michalis, also known as Poki, ...

  Honiara / DPA Robert Satu has spent his whole life in a community near Honiara in the Solomon Islands, a South Pacific nation where steep hills often leave little space for settlements. “From the main road to the sea was more than 120 metres,” the village elder says in a documentary about the effects of climate change. “It’s now 55 ...

  Sharjah / Emirates Business With the UAE topping the Middle East and North Africa market for Italian products, Sharjah is looking at taking full advantage of the growing trade and business relations with the UAE and Italy. A Sharjah team led by Saif Mohammed Al Midfa, CEO, Expo Centre Sharjah, is in Italy to boost trade ties with Bergamo, ...

  Dubai / Emirates Business In a move to enhance visa application services to travellers from the UAE to Russia, VFS Global, in partnership with the Consulate General of the Russian Federation, launched the first Russia Visa Application Centre in the Middle East region, in Dubai. Services at this centre commenced from January 22. Residents of the UAE can visit ...

  Sharjah / Emirates Business His Excellency Marwan bin Jassim Al Sarkal, CEO of the Sharjah Investment and Development Authority (Shurooq), was awarded with the ‘Golden Friends of India’ award in recognition of his pivotal role in promoting economic and investment relationships between Sharjah and India. Mohammad Al Musharrkh, Director of the Sharjah FDI Office (Invest in Sharjah), received the ...

  Abu Dhabi / Emirates Business Scientists at New York University Abu Dhabi (NYUAD) have developed a new technique to remove toxic contaminants from water. CalP, as it has been named, is calix (4) arene-based superhydrophobic porous material that acts as a water purifier by repelling water and attracting toxins like oil and dye. “CalP is a light brown powdered ...

  Abu Dhabi / Emirates Business Zayed University officially inked a Memorandum of Understanding (MoU) with Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), the governmental authority responsible for the preservation, protection and promotion of the emirate’s cultural heritage, tourism and culture at Zayed University in Abu Dhabi campus. The MoU was signed by Professor Reyadh AlMehaideb, Vice President ...

  Bloomberg OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices. “The deal is a success …All the countries are sticking to the deal …(the) results are above expectations,” Russian Energy ...

  LONDON / Reuters The US gas market has tightened significantly over the last nine months as low prices have spurred strong consumption and exports while slashing drilling of new wells. The market has rebalanced despite an unusually mild winter so far, which points to the degree of underlying tightness and suggests prices will need to remain higher in 2017 ...