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

  Abu Dhabi / WAM Dr. Amal Abdullah Al Qubaisi, Speaker of Federal National Council (FNC) on Saturday briefed Irina Bokova, Director-General of the United Nations Educational, Scientific and Cultural Organisation (UNESCO) on the agenda of the Global Summit of Women Speakers of Parliament, to be held in Abu Dhabi on December, 12-13. The event will be held under the patronage ...

  Italy may be the next stop on the world’s journey to more economic nationalism. First we had Brexit — Britain’s decision to leave the European Union. Then we had the election of Donald Trump as the next U.S. president, pledging to put “America first” in his policies. Now Italy may be treading down the same path. What’s at issue ...

  Despite their reputation as argumentative, litigious and impatient with regulation, “sharing economy” companies sometimes voluntarily go along with local rules to avoid even worse regulatory problems. Airbnb announced that, starting next spring, it will follow a directive in London that would make it impossible for hosts to rent out entire houses or apartments for more than 90 days a ...

  President-elect Donald Trump’s intention to nominate James Mattis as secretary of defense places Congress in a bind. Is it duty-bound to reject an obviously well-qualified person for the job? Or would confirming Mattis, a retired four-star general, endanger the nation’s founding tradition of civilian control of the military? The problem is that Mattis retired from the Marines only four ...

  Britain Supreme Court is all set to hear the government’s appeal against a ruling that it must get the approval of the parliament before triggering Article 50—a process to formally leave the European Union. It has led to the constitutional face-off. The High Court dramatically ruled last month that Prime Minister Theresa May’s government did not have the power ...

  Dubai / Emirates Business Virtual kiosks, interactive mirrors, and hologram advertisements are among the many ways that GCC retailers are leapfrogging Europe in enhancing the customer experience, industry experts announced. Boosted by strong tourism growth, new and expanded malls and theme parks, and mega-events such as World Expo 2020 and 2022 FIFA World Cup Qatar, GCC retail sales are ...

  Abu Dhabi / Emirates Business ADNOC Distribution has rolled out a promotional campaign titled ‘Oasis of Surprises’, giving away prizes worth a total of AED1 million to customers of ADNOC Oasis convenience stores and ADNOC Oasis 365 grocery stores. Running from December 3 to February 14, 2017, the campaign marks the opening of the UAE’s 200th ADNOC Oasis convenience ...

  Dubai / Emirates Business Homes consume large amounts of energy. Each household has a collection of home appliances and digital services. It has been estimated that 60 to 70 percent of residential and commercial energy consumption in the Gulf countries is used for air conditioning. In a bid to make this aspect of human life more efficient and less ...

  Abu Dhabi / Emirates Business Welcomed by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, and under the patronage of His Majesty King Mohammed VI of Morocco and supported by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and ...

  Bloomberg OPEC’s work isn’t done yet. Oil traders and investors cheered Wednesday’s landmark deal to curtail oil production. But history shows compliance with past accords to be patchy at best. Even if countries stick to their output caps, those that won exemptions could make the collective target all but unreachable if they boost production. The difficulty of monitoring non-OPEC ...