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 A new council has been formed to reinforce the UAE’s policies and strategies on climate change, environmental and sustainable development. The UAE Council for Climate Change and Environment was constituted on Sunday by Dr. Thani Ahmed Al Zeyoudi, Minister of Climate Change and Environment through a Ministerial Decision No (795) of 2016. The council will develop ...

  Abu Dhabi / WAM Zayed Giving Initiative (ZGI) launched the world’s first state-of-the-art mobile city for humanitarian and charitable work as part of a series of initiatives it plans to roll out in the Year of Giving in 2017. “The word’s first makeshift city for humanitarian work was launched in consistence with President His Highness Sheikh Khalifa bin Zayed Al Nahyan’s ...

  Bob Gates has worked in senior national-security positions for the last five presidents, Republican and Democratic. So it’s noteworthy — and to me, encouraging — that he is advising President-elect Donald Trump, too. Gates, a former defense secretary, CIA director and deputy national security adviser, spoke with me by telephone on Wednesday about the advice he’s giving Trump and ...

  Few Italian operas come as epic as Banca Monte dei Paschi di Siena SpA. Thanks to an ill-timed and hubristic takeover as well as some questionable accounting practices, the 544-year-old pillar of Siena is on the brink of an ignominious nationalization. The final act, though, will drag on. One Italian official presented the outline of Monte Paschi’s rescue to ...

  The imminent failure of Italy’s third-largest bank, Monte dei Paschi di Siena, is finally bringing the country’s long-festering banking crisis to the center of European leaders’ attention. This may be a blessing in disguise, offering the best chance yet to achieve a lasting solution — and even strengthen the European Union. Italy’s financial woes have been years in the ...

  Syrian troops reclaimed rebel-held east Aleppo. The residents anxious to return to their homes entered into the war-ravaged city after the regime’s announcement of full control of the city. Assad army recaptured the former rebel stronghold after a landmark evacuation deal that saw thousands of opposition fighters and residents bussed out. The evacuation operation ended more than four years ...

  Dubai / WAM Aimed at revitalising economic activity in the emirate of Dubai, the Dubai Municipality is carrying out many development projects including construction of new markets and commercial complexes, and expansion and maintenance of existing markets at a total cost of AED2.5 billion. Hussein Nasser Lootah, Director-General of the municipality explained that the civic body manages about 5,000 shops, ...

  Dubai / WAM Dubai Healthcare City (DHCC) announced on Sunday the launch of the Emirates Reference Laboratory (ERL) under the directives of Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum. In line with HH Sheikh Mohammed’s vision, the laboratory, which is a key part of DHCC, will provide UAE ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) and Roads and Transport Authority (RTA) have discussed cooperation and plans to encourage the use of electric vehicles and promote the Green Charger initiative. This came up during a meeting between Saeed Mohammed Al Tayer, MD and CEO of DEWA, and Mattar Al Tayer, Director-General and Chairman of the Board of ...

  Dubai / WAM As many as 36,466 road violations were registered by Dubai Police smart phone application in the first 11 months of the year, official figures showed. Brigadier Saif Al Mazrouei, Director of Dubai Traffic Police, said smart phone application provides members of the public with a platform to report offences committed by motorists. Users can take pictures and ...