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

  Dubai / WAM Passengers travelling to Melbourne, Australia will now have another direct flight option with Emirates announcing that flights EK408 and EK409 will begin operating as nonstop services from Dubai from October 30. Operated by an Emirates B777-300ER aircraft, EK408 will depart Dubai at 03:00hrs and arrive in Melbourne (MEL) at 23:20hrs. The return flight, EK409, will leave Melbourne ...

  ABU DHABI / WAM The Arab Trade Financing Program (ATFP) approved 117 requests for financing trade deals worth US$249 million during its board meeting on Wednesday, which was dedicated to reviewing trade finance activities during the first quarter of the year. With the latest approvals, the cumulative volume of financing made available by the Abu Dhabi-based ATFP since inception in ...

  Dubai / Emirates Business The second batch of graduates of the world’s pioneering Internal Auditing training programme were honoured at the recent graduation ceremony by UAE IAA in collaboration with the Higher Colleges of Technology and Protiviti at HCT, Abu Dhabi Men’s college and was attended by Abdulqader Obaid Ali, UAE IAA President, Ahmed Al Khouli, HCT Head of ...

  Geneva / AFP IS extremists are still committing genocide against the Yazidi minority in Iraq and Syria, United Nations rights investigators said on Thursday. “Genocide has occurred and is ongoing,” Paulo Pinheiro, head of the UN Commission of Inquiry (COI) for Syria, said in a statement. “ISIS has subjected every Yazidi woman, child or man that it has captured to ...

  BEIRUT / AP The Russian Defense Ministry says a 48-hour cessation of hostilities has been declared in the northern Syrian city of Aleppo. In past months, Aleppo has been witnessing fierce fighting and bombardment, which has claimed the lives of hundreds of people on both sides of the contested city. Russia says the truce went into effect after midnight ...

  BAGHDAD / AP An aid organization says a two-year-old boy has been killed while fleeing Fallujah with his family amid a government offensive to retake the Iraqi city from the IS group. The Norwegian Refugee Council, which works with refugees and internally displaced Iraqis, cited a relative on Thursday as saying that an IS fighter shot the boy as ...

  Lubumbashi / AFP Several people were killed in clashes between the army and former rebels at a military base in the Democratic Republic of Congo on Wednesday, officials said. Tension had been mounting for days at the military base in Kamina, in the southeast, where more than 2,000 former rebels from various groups are stationed as part of a ...

  Washington / AP CIA Director John Brennan will tell Congress that IS militants are training and attempting to deploy operatives for further attacks on the West and will rely more on guerrilla-style tactics to compensate for their territorial losses. In remarks prepared for the Senate Intelligence Committee, Brennan says IS has been working to build an apparatus to direct and ...

  Tehran / AFP Iran’s elite Revolutionary Guards killed 12 Kurdish rebels near the Iraqi border in clashes in which three guards were also killed, an Iranian news agency reported on Thursday. Wednesday evening’s fighting took place in Oshnavieh in the northwest, the Tasnim news agency said, citing a statement from the Guards. Two separate groups of rebels had slipped ...

  Kenya / AFP Eritrea claimed on Thursday to have killed “more than 200” Ethiopians in a battle last week, one of the fiercest border clashes since a 1998-2000 war, while giving no mention of its own casualties. Each side blames the other for starting the two-day battle which broke out on Sunday, saying also that their rival suffered the most ...