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

  There are apocalyptic scenes in the streets of Syria’s Aleppo. As the bombs rain down on the besieged city, it causes horrible sufferings everywhere. More than 250 civilians have been killed in the government’s assault on east Aleppo since November 15, including nearly 30 children. And up to 20,000 people have fled the regime offensive in the past 72 ...

  AFP Oil prices rallied more than six percent on Wednesday, pushing European and US stocks higher as traders seized on hopes that OPEC could later decide to cut crude output. Saudi Arabia’s influential oil minister Khaled al-Falih sounded an upbeat note that the Organization of the Petroleum Exporting Countries — which pumps about a third of global oil — ...

  NEW YORK / AP The Dow Jones industrial average and the Standard & Poor’s 500 index reached record highs on Wednesday morning as a rally in energy companies led US stocks higher. Energy companies gained as countries in OPEC, which collectively produce more than one-third of the world’s oil, moved closer to completing an agreement that would trim oil ...

  Aleppo / AFP More than 50,000 Syrians have joined a growing exodus of terrified civilians from east Aleppo, a monitor said on Wednesday, as the UN Security Council was set for emergency talks on fighting in the city. As government forces pressed an assault in the divided city, regime artillery fire killed at least 21 civilians in east Aleppo ...

  Moscow / AFP The Kremlin on Wednesday demanded an explanation after Turkish President Recep Tayyip Erdogan said Ankara intervened in Syria solely to topple President Bashar Al-Assad. Turkish forces are pressing on with a three month operation inside war-torn Syria in support of anti-Assad forces, while Russia is the chief ally of the Syrian president in the conflict that ...

  Ankara / AFP Turkey is seeking multiple life sentences for nearly 70 suspects, including the leader of the main Syrian Kurdish political party, over a deadly bombing in Ankara this year blamed on Kurdish militants, state media said on Wednesday. Syrian Kurdish Democratic Union Party (PYD) leader Salih Muslim and several prominent Kurdish militants have been indicted over the ...

  Mosul / AFP Up to 500,000 civilians in Mosul are facing a “catastrophic” drinking water shortage, the UN warned on Wednesday, as Iraqi forces advance against the IS group in the city. Already suffering from a severe lack of food and electricity, civilians in Iraq’s second city are now also running out of drinkable water, said Lise Grande, UN humanitarian ...

  Kuala Lumpur/ AFP Myanmar’s membership of ASEAN must be reviewed because of its “ethnic cleansing” of the Rohingya Muslim minority, a senior Malaysian minister warned on Wednesday. Khairy Jamaluddin said the 10-country Association of Southeast Asian Nations’ principle of non-interference in member states’ domestic affairs was void in the context of such violence. Myanmar’s army has carried out a bloody ...

  Sikasso / AFP Amadou Sanogo, a former army captain who staged a military coup in Mali in 2012, went on trial Wednesday charged with the murder of several soldiers whose bodies were found in a mass grave. “I’m in fine spirits. I was waiting for this day,” Sanogo said at the opening of the trial, held in a packed concert ...

  New York / AFP Donald Trump dined Tuesday at one of New York’s swankiest restaurants with Mitt Romney, his erstwhile foe turned potential frontrunner in the race to become America’s next secretary of state. The dinner came as the president-elect got a shot in the arm by a manufacturing company announcing a deal to keep nearly 1,000 jobs in ...