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

  ISTANBUL / AP The European Union’s envoy to Turkey has resigned less than a year into the job, according to his office. The EU delegation in Ankara confirmed that Hansjoerg Haber was leaving his post, without giving any reason. Turkey was Haber’s first assignment as a German diplomat, between 1993 and 1996. He returned as European Union ambassador to ...

  YANGON / AP An official says a military helicopter has crashed in the jungle in northern Myanmar, killing three officers on board. The aircraft went down Tuesday in the jungle near Daik U town in Bago division, some 150 kilometers (120 miles) northeast of Yangon. Khin Lay Si, an official in the Daik U administration office, says the rescue ...

  Jerusalem / AFP Prime Minister Benjamin Netanyahu said a long-dormant Arab peace initiative with the Palestinians that he has spoken of reviving must be changed before Israel can support it. Netanyahu made the comments to members of his Likud party, Israeli media reported, after facing pressure from right-wing members of his cabinet over his recent comments on the Arab ...

  Dhaka / AFP Bangladeshi clerics said they have issued a fatwa against the killings of minorities and secular campaigners in the mainly Muslim country, where police have arrested over 10,000 people in a crackdown on militancy. Nearly 50 people have been killed over the last three years in a wave of gruesome attacks targeting Hindus, Christians, Sufi Muslims and ...

  Manila / AFP Philippine authorities on Tuesday confirmed that extremist guerrillas had beheaded a second Canadian hostage, as they defended their inability to save him despite months of pursuit. ” We strongly condemn the brutal and senseless murder of MrRobert Hall, a Canadian national, after being held captive by the Abu Sayyaf group in Sulu for the past nine ...

  Jalalabad / AFP Afghan and Pakistani forces clashed in an escalation of tensions between the neighbouring countries, killing at least three people and forcing the closure of the main border crossing, officials said on Tuesday. The fighting erupted along the Torkham border on Sunday night and continued erratically over the next two days, apparently after Afghan forces objected to ...

WASHINGTON Even by Donald Trump’s standards, his comments about the Orlando shooting have been reckless and self-serving. They are also dangerous for the country. Trump’s response to Sunday morning’s terrorist attack by Omar Mateen was initially an opportunistic tweet; then a boasting statement on his website: “I said this was going to happen”; followed by a renewed call to temporarily ...

  The projections of the International Energy Agency (IEA) that the global oil market will be almost balanced next year as demand continues to rise faster than production, while the current oversupply is much smaller than previously thought, echo the UAE’s position that current prices were not sustainable. The surplus in the first half of this year is about 40 ...

  Mohamed A. El-Erian As central banks in advanced economies — including the Bank of England, the Bank of Japan, the Swiss National Bank and the U.S. Federal Reserve — hold policy their meetings this week, they will all confront tricky questions about the management of national liquidity and cross-border influences. The most fascinating discussion, however, will take place at ...

Top diplomats from the U.S. State Department and USAID appeared before a congressional subcommittee last week to make the case for the department’s FY 2017 budget, which requests $164.1 million for Central Asia. Speaking before the House Foreign Affairs Committee’s subcommittee on Europe, Eurasia, and Emerging Threats, Daniel Rosenblum of the U.S. State Department detailed the justification behind across-the-board increases ...