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

  Bloomberg First Solar Inc. and SunPower Corp., the two biggest U.S. solar manufacturers, rose after their jointly controlled yieldco raised about $102.6 million to acquire completed power plants from its parents. First Solar rose 4.6 percent to $37.06 at the close in New York, the most since June 28. SunPower rose 3.3 percent to $8.52. 8Point3 Energy Partners LP, ...

  Bloomberg Finance Minister Pawel Szalamacha’s hold on his post didn’t appear that strong to begin with. So when his boss announced a cabinet reshuffle on Friday, investors focused on whether the lawyer tasked with safeguarding Poland’s budget is heading for an exit. Adding to the anxiety, state news agency PAP reported late on Friday that Szalamacha may be ousted ...

  Bloomberg Oracle Corp., which has faced shareholder opposition to its compensation practices, cut pay for its top executives in 2016. Co-founder and chairman Larry Ellison received $41.5 million, a 35 percent decrease from last year. Co-Chief Executive Officers Safra Catz and Mark Hurd each received about $41 million, a 23 percent decline. The drop for the co-CEOs is accentuated ...

  BEIRUT / AFP Syrian government forces captured a rebel-held area on the edge of Aleppo on Saturday, tightening their siege on opposition-held neighborhoods in the northern city as an ongoing wave of airstrikes destroyed more buildings. The new government push came as the U.N. said that nearly 2 million people in Aleppo, Syria’s largest city and onetime commercial center, ...

  BAGHDAD / AP A triple suicide bombing against a security check point north of Baghdad on Saturday killed at least 11 members of the security forces, a police officer said. The spokesman for the Salahuddin province police force, Col. Mohammed al-Jabouri, said three militants rammed their explosives-laden vehicles early Saturday morning into the main check point near the town ...

  Pretoria / AFP An offensive to encircle Iraq’s second city of Mosul should begin “in the next few weeks”, Britain’s Defence Secretary Michael Fallon said Friday, after a visit to the country. Mosul has been held by Islamic State jihadists since June 2014 and British jets are part of a US-led coalition flying missions against them in Iraq and ...

  United Nations / AFP The United Nations, African Union, European Union and a fourth international organization made a joint appeal on Saturday to the government and opposition in the Democratic Republic of Congo to exercise restraint amid violent political unrest. The three main international bodies were joined by the 57 International Organization of La Francophonie, which held a high-profile ...

  Libreville / AFP Libreville’s nearly empty streets were under the watch of a heavy police and military presence on Saturday after Gabon’s top court upheld President Ali Bongo’s re-election in bitterly disputed polls. Security force checkpoints dotted routes into the capital’s centre, helicopters hovered overhead and elite troops protected the presidential palace, but no violence had been reported. The ...

  Aden / AFP An apparent US drone strike has killed five suspected Al-Qaeda members in Yemen in the third such attack this week, a security official said on Saturday. Washington is the only government to operate drones over Yemen but only sporadically releases statements on its long-running bombing campaign against the country’s powerful Al-Qaeda branch. The Friday evening strike ...

  Bloomberg Hong Kong Chief Executive Leung Chun-Ying pledged to provide more land to build apartments for low-income people in a bid to lower housing prices in the world’s least-affordable city. Only a small portion of Hong Kong’s 11 million square kilometers (6.8 million square miles) of land has been developed, and is the reason housing is expensive and land ...