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

  DUBAI / AP The secretary-general of the United Nations says he “deeply regrets” the United States’ decision to block a former Palestinian prime minister from leading the world body’s political mission in Libya. Antonio Guterres says that Salam Fayyad was “the right person for the right job at the right moment.” Guterres said: “I think it is a loss ...

  MOSCOW / AP Russia released drone footage on Monday showing new destruction in Syria’s historic town of Palmyra, which was recently recaptured by the IS group, and warned that the militants could be planning the further demolition of antiquities. The Russian Defense Ministry says Syrian government forces are advancing toward the town as another battle for the ancient site ...

  WASHINGTON / AP Embattled national security adviser Michael Flynn’s fate as one of President Donald Trump’s senior aides is uncertain following reports that he discussed US sanctions with a Russian envoy before Trump’s inauguration. A top White House official sidestepped repeated chances on Sunday to publicly defend him. The president, who spent the weekend at his private club in ...

  PESHAWAR / AP In a scathing indictment of Pakistan’s treatment of Afghan refugees, a human rights group charged on Monday that the country is forcing hundreds of thousands of Afghan refugees back to their homeland, which is still beset by war and crushing poverty. It also said that a $400 stipend the United Nations refugee agency gives to refugees ...

  Reuters A slump in shares of Dubai’s Arabtec dragged Dubai’s stock market lower on Monday after the builder reported a larger fourth-quarter net loss, while other markets were mixed. Dubai’s index dropped 1.8 percent, its largest single-day decline since October 2015, after Arabtec plummeted by its 10 percent daily limit having reported a net loss of 2.95 billion dirhams ...

  Bloomberg Investors continued to add to reflation trades that were reinvigorated last week when President Donald Trump indicated details on his pro-growth policies were imminent. US stocks rose, the dollar strengthened and bonds retreated before data this week provide detail on the strength of US consumer prices. Speeches from a range of Federal Reserve officials will provide clues on ...

  Abu Dhabi / Emirates Business The Abu Dhabi National Oil Company (ADNOC) plans to capitalise on increased sulphur processing capabilities, by doubling production and targeting new markets in Africa, Asia, South America and Australia, according to Omar Suwaina Al Suwaidi, ADNOC’s Gas Management Director. During his keynote speech, today, at the inaugural Middle East Sulphur Conference, Al Suwaidi said ...

  Dubai / Emirates Business Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy (DSCE), and MD & CEO of DEWA, announced that the Solar Decathlon Middle East will be organised at the Mohammed bin Rashid Al Maktoum Solar Park. The announcement was made at a press conference at the World Government Summit in Dubai, where ...

  Dubai / Emirates Business Oman Insurance Company (OIC) and Bupa Global have launched on Monday a new range of tiered international private medical insurance (IPMI) plans, catered specifically to the needs of SMEs in Dubai. The new products are a result of extensive customer research, which revealed SMEs in the UAE want more flexible products with more cost-containment options ...

  Sharjah / Emirates Business Sharjah Department of Statistics and Community Development (DSCD) announced its participation in the National Career Exhibition 2017, which takes place from February 15-17 at Expo Centre Sharjah. During their participation at the forum, DSCD will accept CVs from candidates interested in employment with the department and use the opportunity to answer any questions they may ...