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

  Samuel Johnson got it wrong: Patriotism is the last refuge of the unprofitable. The Indian e-commerce giant Flipkart Online Services Pvt. lost 23 billion rupees last year, and so its co-founder and executive chairman, Sachin Bansal, has suddenly morphed into a great champion of local companies. “We need to take a more India-centric approach” to regulation, he told a ...

  Aleppo / AFP Hundreds of civilians and rebels left Aleppo on Thursday under an evacuation deal that will allow Syria’s regime to take full control of the city after years of fighting. The rebel withdrawal began a month to the day after President Bashar al-Assad’s forces launched a new offensive to recapture Aleppo and will hand the regime its biggest ...

  Washington / AFP President Barack Obama allowed US sanctions against Iran to be renewed on Thursday, but in a surprise move declined to actually sign the legislation that brings the sanctions into force. “The extension of the Iran Sanctions Act is becoming law without the president’s signature,” White House spokesman Josh Earnest said in a statement. The president, who had ...

  Ankara / AFP Human Rights Watch on Thursday accused Turkey of “silencing” independent media in its bid to prevent scrutiny or criticism of its huge crackdown following the failed July coup. In a report, the US-based rights watchdog said Turkey’s “assault” on critical journalism had accelerated since the attempted overthrow of President Recep Tayyip Erdogan—but said it began several years ...

  Hasansham Camp / AFP Years of life under extremist rule and war have left thousands of Iraqi children old beyond their years and in desperate need of playtime to overcome their trauma. Malak, 11, says she has “come back from hell”. She huddles in a long black coat at the Hasansham displacement camp where thousands of people have lived since ...

  Paris / AFP The UN’s cultural agency called for emergency measures on Thursday to prevent further looting at the historic Iraqi city of Nimrud which has been wrecked by IS militants. Nimrud, founded in the 13th century BC on the Tigris river about 30 kilometres southeast of Mosul, was retaken by Iraqi forces on November 13 after it was overrrun ...

  Juba / AFP Despite a brief truce, hopes for peace have crumbled in South Sudan as its civil war hits the three-year mark with ethnic violence only getting worse and no end in sight. “South Sudan’s war continues to escalate and engulf more and more of the country,” said Alan Boswell, an independent analyst, who expects further major offensives with ...

  Yangon/ AFP A new Rohingya insurgency in Myanmar’s Rakhine is a “game-changer” for the troubled state, conflict experts said Thursday, warning the army’s crackdown risks setting off a spiral of violence and radicalisation among the Muslim minority. Troops have taken control of the north of the state since October 9 when armed men carried out raids on posts along the ...

  Ajman / Emirates Business The Ajman Real Estate Conference 1, being organized by the Real Estate Regulatory Agency – Ajman (ARRA), the state-run institution mandated with regulating the real estate activities and developments in Ajman, was inaugurated this morning by Sheikh Abdul Rahman bin Ali bin Khalifa Al Khalifa, Director General of Survey and Land Registration Bureau – Bahrain, ...

  Dubai / Emirates Business The UAE Ministry of Health and Prevention successfully received ISO 9001:2015 certification for Quality Management Systems. The UK-based Lloyd’s Register Quality Assurance (LRQA), the world’s leading provider of independent assessment services, certified nine of the Ministry’s new central departments following stringent assessment. Dr. Mohamed Salim Al Olama, Undersecretary of the UAE Ministry of Health and ...