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

  Dubai / Emirates Business The Emirates College of Management & Information (ECMIT), a leading private higher educational institution based in Dubai, has confirmed its participation in the Oxford Summit of Leaders 2016, the annual event for education, scientific research and business, to be held under the theme ‘Investment in Science and Education: Investing in the Future’ on December 20 ...

  Ras Al Khaimah / Emirates Business According to the Q3 2016 RAK MarketView, RAK’s hospitality market is currently one of the country’s tourism bright spots, as it bucks wider regional trends of declining room revenues, recording year-to-date occupancy growth of 13.6% up to the month of September (STR Global). The Emirate now has well over 5,000 hotel and hotel ...

  New York / AFP More than 350 US universities are urging President-elect Donald Trump to change his mind and keep a program that lets hundreds of thousands of undocumented young people study and avoid deportation. Nicknamed “Dreamers,” they are the estimated 1.2 million young people who were brought to the United States illegally as children, grew up without US residency ...

  Sydney / AFP Australia’s parliament was hit by a second day of protests by anti-offshore detention centre activists on Thursday with two people abseiling down the building to unfurl a banner reading “close the bloody camps now”. While the pair scaled Parliament House a dozen others waded into a forecourt pond and added red dye to symbolise blood while ...

  London / AFP Anglo-Australian miner Rio Tinto on Thursday said that for more than three years it has faced an investigation by top US financial regulator SEC over a writedown of Mozambique assets. “In response to press reports regarding a US Securities Exchange Commission investigation, Rio Tinto confirms that it is cooperating with inquiries from the relevant authorities relating ...

  Kiev / AFP Ukraine on Thursday unleashed a barrage of missile tests near Russian-annexed Crimea in a show of strength and defiance bound to irritate Moscow. The two-day military drills near the Black Sea peninsula are a first for the former Soviet republic and a sign that it is regaining assertiveness in the face of its arch-foe Russia. “No one ...

  Sydney / AFP High-risk terror offenders in Australia may now be kept in jail even after serving their sentences, under legislation passed on Thursday that strengthens laws to tackle the threat posed by extremists. Prime Minister Malcolm Turnbull flagged the move in July, prompted by the frequency and severity of attacks around the world. It will allow Attorney-General George Brandis ...

  Medellín / AFP The pilot of a charter plane carrying a Brazilian football team radioed frantically that he was out of fuel minutes before slamming into a hillside near Medellin with 77 people on board, an audio recording showed. Details of the doomed aircraft’s last harrowing minutes emerged on Wednesday as fans mourned the loss of all but six people ...

  Bloomberg While the first OPEC production cuts since 2008 were inked as Asia slept, the winners and losers from the surprise deal are already becoming clear in the world’s biggest oil-consuming region. US crude is hugging $50 a barrel following Wednesday’s 9.3 percent surge, the biggest since February, and Goldman Sachs Group Inc. is projecting further gains of more ...

  Bloomberg OPEC’s decision to shrink oil production is both a blessing and a curse for natural gas markets. It’s bad news for the US gas bulls enjoying a rally that has propelled prices to the highest in two years. Crude explorers have more incentive to drill with oil futures surging on the promised cuts by the Organization of Petroleum ...