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

  Dubai / WAM In an effort to involve the youth in development initiatives, Shamma bint Sohail Faris AlMazrui, Minister of State for Youth Affairs, launched the title and logo of “Oil Ambassadors” under the Youth Councils’ initiative in local and federal areas. During a meeting with the members of the UAE Youth Council for Oil in Dubai, she said such ...

  Sharjah / Emirates Business Members of the UAE’s Japanese community were recently treated to a sold-out showing of one of their country’s most highly regarded films. The festive screening of ‘Spirited Away’ at Al Qasba, Sharjah’s premier leisure, tourism and family destination, had been sold out weeks in advance, with expatriates from Japan keen to use the occasion as ...

  Some climate activists worry that Donald Trump’s presidential election will be the death knell for the global environment. That’s almost certainly untrue. Whatever Trump’s attitude toward climate science and energy policy, two big outside factors will be much more important — technological progress and policy in developing nations. First, the good news. Renewable energy technology is already unstoppable. No ...

  While much attention has been focused on Japan’s big ailing companies and their prospects for survival, a few small developments show some promising signs for the country’s future. Kicking off a week in deals, Asahi Glass Co. said on December 20 it would buy CMC Biologics for 60 billion yen ($512 million), helping its move into contract drug manufacturing. ...

  Fifty years ago, the US had the moon to itself. Starting in 1969, when the first of six Apollo missions touched down, it seemed likely that American astronauts would make a long-term home on the lunar surface. Instead, the US sent its last manned mission there in 1972, and won’t be returning any time soon. That’s a shame: The ...

  Honolulu / AFP Japanese Prime Minister Shinzo Abe travels on Tuesday to Hawaii’s Pearl Harbor, the site of a sneak attack by his country that provoked America into entering World War II, to reinforce what the leader calls “the power of reconciliation.” Abe, who was to be hosted by US President Barack Obama, would be the first Japanese premier to ...

  Bucharest / AFP Romania’s president on Tuesday rejected the left-wing Social Democrats’ candidate for prime minister, Sevil Shhaideh, who would have been the EU’s country first female and Muslim premier. “I have properly analysed the arguments for and against and I have decided not to accept this proposal,” Klaus Iohannis told reporters in a televised statement. “I call on the ...

  Jakarta / AFP An Indonesian court on Tuesday refused to drop blasphemy charges against the Christian governor of the capital Jakarta, as hundreds of people protested outside the court where the trial is taking place. Basuki Tjahaja Purnama—the first Christian to govern the capital in more than 50 years—sparked anger in the Muslim-majority country when he quoted a verse from ...

  Sochi / AFP The main black box of the Syria-bound Russian military plane that crashed into the Black Sea with 92 people onboard has been found in a massive ongoing search operation, authorities said on Tuesday. “The main black box was found at 5:42 am Moscow time (0242 GMT) 1,600 metres from the shore at a depth of 17 metres,” ...

  Kiev / AFP A popular Ukrainian female combat pilot who served time in a Russian prison gave President Petro Poroshenko a new headache on Tuesday by launching her own opposition movement. “This is meant to … create a real change in the system,” local media quoted Nadiya Savchenko as telling reporters in the western city of Lviv. Savchenko’s new movement ...