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

  Smoking has dropped to historic lows nationwide, dramatically decreasing revenue from tobacco taxes. In search of funds, a growing number of states are taxing electronic cigarettes — a trend that is sparking a fierce public health debate over whether it will deter smokers from switching to a safer alternative. California became the seventh state to tax e-cigarettes with the ...

  The run-up to OPEC oil ministers’ meeting in Vienna on November 30 has been patchy. Last week’s talks of OPEC officials to resolve the issue of freezing production fell flat. On Saturday, Saudi Arabia abandoned the planned meeting with non-OPEC nations due to lack of agreement on how to share the burden of supply cuts. Despite the hiccups it ...

  For all of my adult life I have been hearing that Cuba will blossom economically when Fidel Castro passes away. Now that time has come, and it seems Cuba will continue to struggle. At a superficial glance, the case for Cuban optimism is obvious. So many Cuban-Americans have impressed the world with their business skills and entrepreneurial drive. If ...

  Fidel Castro’s passing removes what was long the single greatest psychological barrier to a warmer U.S.-Cuba relationship. But it also adds to the uncertainty ahead with the transition from an Obama to a Trump administration. “A brutal dictator” of a “totalitarian island,” declared President-elect Donald Trump, underscoring the historical trauma still separating the countries. A more restrained President Barack ...

  Noah Feldman In the free marketplace of ideas, true ideas are supposed to compete with false ones until the truth wins — at least according to a leading rationale for free speech. But what if the rise of fake news shows that, under current conditions, truth may not defeat falsehood in the market? That would start to make free ...

  Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Sunday approved ‘Dubai Street Museum’ project, a new public art project that seeks to highlight Dubai’s unique identity, values and aspirations. Spearheaded by Brand Dubai, the creative arm of the Government of Dubai Media Office (GDMO), ...

  Abu Dhabi / WAM The United Arab Emirates and the Commonwealth of the Bahamas signed on Sunday Memoranda of Understanding (MoUs) on Political Consultations and Visa Exemptions. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and his counterpart the Honourable Frederick Mitchell, Bahamas’s Minister of Foreign Affairs and Immigration signed the two agreements here ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, received on Sunday Dr. Abdullatif bin Rashid Al Zayani, GCC Secretary-General. Present during the meeting were HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy ...

  Dubai / Emirates Business The Telecommunications Regulatory Authority (TRA) announced that it will issue its first comprehensive report on Arabic Digital Content, ADC, aimed at promoting the Arabic language, with the support of the Information and Communication Technology Fund, ICT Fund, in cooperation with several international, regional and national bodies. Speaking on the project, Hamad Obaid Al Mansoori, Director-General ...

  Dubai / WAM Entrepreneurs from throughout the world will soon come to Dubai to display their ideas and learn from others starting businesses, as well as from established business leaders. An initiative of the Ministry of Economy, the inaugural edition of AIM Startup will be launched alongside the 7th Edition of the Annual Investment Meeting (AIM) to be held from ...