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

  To firms planning to buy other companies with borrowed money in the new year: Please take a moment to reconsider and learn from those who have gone before you. US consumers feel great, right? The presidential election is over. Talk of jobs and infrastructure spending, coupled with stock-market indices flirting with all-time highs, is stoking excitement for the future ...

  Few presidents have come into office as likely to fail as Donald Trump. This isn’t because of his various character flaws, or because he leads a divided party and nation. It’s because his central aim, to restore the age of American “greatness” — and in particular to bring back manufacturing jobs — is simply not doable. An overwhelming 85 ...

  Bloomberg China has tested the latest version of its fifth-generation stealth fighter, state media reported Monday, as it tries to end the West’s monopoly on the world’s most advanced warplanes. The test comes as the nation flexes its military muscles, sending its sole aircraft carrier the Liaoning into the western Pacific in recent days to lead drills there for ...

  DUBAI / Emirates Business XTOUCH, the leading new age consumer electronics brand announced the launch of its 6-inches HD display screen smartphone, R3. The XTOUCH R3 is designed with sleek and smart look that is so premium with its full-metal body and the 2.5D diamond-cut glass perfectly meets 8.4mm slim edges at the corner. The new big screen smartphone ...

  Abu Dhabi / Emirates Business Abu Dhabi International Airport (AUH) received close to 1.9 million passengers in November, representing a 4.4% increase in airport traffic compared with November 2015. Abu Dhabi Airports’ traffic figures also show consistent growth throughout the year, with total AUH passenger numbers having increased by 5.3% on the previous year. More than 22 million travelers ...

  Abu Dhabi / Emirates Business Boeing announced that the Boeing-Mubadala Co-Op internship program is on course to provide vital aerospace engineering expertise to bolster the UAE’s ever-expanding aviation capabilities. The Co-Op program, sponsored by ADEC, was launched by Boeing and Mubadala in 2015 to support the development of a sustainable aerospace industry in the United Arab Emirates (UAE). Six ...

  Istanbul / AFP Turkey on Monday said it wanted international air support for its army’s assault on the extremist-held Syrian town of Al Bab where the military is facing tough resistance from IS extremists. Turkish forces have for weeks joined pro-Ankara Syrian rebels in fierce fighting for Al Bab, taking increasing casualties as they approach closer to the centre. Turkey ...

Goma / AFP Attacks in villages and fighting between militias killed at least 35 people over the Christmas weekend in North Kivu, a majority Christian area in eastern Democratic Republic of Congo. The bloodshed began in Eringeti—a town 55 kilometres (35 miles) north of the regional hub Beni, which for two years has been hit by massacres killing hundreds, many of ...

  Khartoum / AFP Sudan has freed 20 political opponents detained since last month after they called for protests against rising fuel prices, their parties said on Monday. Sudanese Congress Party spokesman Mohamed Arabi said 16 members were freed on Sunday, but added that “dozens of other figures including the head of the party and his deputy are still imprisoned.” Another ...

  Beijing / AFP China signed an agreement to restore diplomatic relations with Sao Tome and Principe on Monday, just days after the small African nation announced it had cut ties with Taiwan. The move comes amid heightened tensions between Beijing and the independence-leaning government of the self-ruled island, which Chinese leaders view as a “renegade province.” Chinese foreign minister Wang ...