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

BLOOMBERG Since his ouster as prime minister in 2022, Imran Khan has played a high-stakes game of challenging Pakistan’s powerful military. Now it’s reaching a breaking point. Khan’s dramatic arrest by dozens of paramilitary rangers for graft triggered protests that left at least eight people dead and hundreds injured, risking more spasms of violence in a nation struggling to pull ...

BLOOMBERG Pro-royalist members of Thailand’s upper house are facing mounting pressure to back Pita Limjaroenrat as the country’s next premier, after the Move Forward leader staked a claim to form a coalition government of pro-democracy parties that swept the election. Hurdles have emerged in Pita’s path to power after some of the 250 unelected members of the Senate, stacked with ...

BLOOMBERG Taiwan’s main opposition party is set to nominate New Taipei City Mayor Hou Yu-ih as its candidate for next year’s presidential election, a person familiar with the situation said, as it seeks to wrest back power in a vote crucial to US-China ties. The Kuomintang is set to formally announce Hou as its choice to represent the party in ...

BLOOMBERG Global markets were mixed on Tuesday, with US stock futures trading in a tight range ahead of debt-ceiling talks. A standoff over whether to raise the federal debt limit is sidelining many investors as they wait for a breakthrough in Washington. In Europe, Vodafone Group Plc shares sank on weak earnings and Telecom Italia SpA fell after a report ...

BLOOMBERG Japan is fast becoming the most favoured developed market with investors as conviction grows that a rally taking the Topix to the highest since August 1990 will accelerate. Strategists at Goldman Sachs Group Inc to Macquarie Group Ltd say the case for a bull run is solid with corporate governance reforms set to boost valuation and loose monetary policy ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, attended the opening ceremony of the 17th Middle East Rail 2023, the region’s leading event for rail innovation, technology and strategy, on Monday at Abu Dhabi National Exhibition Centre (Adnec). The opening ceremony was attended by Jasem ...

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) on Monday reported a very strong first quarter for the period ending on March 31, announcing a net income (Taqa share) of AED11.6 billion, an increase of AED9.6 billion, mainly driven by a one-off gain recognised on the acquisition of a 5% shareholding in Adnoc Gas. It also announced group ...

DUBAI / WAM Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has brought together UAE-based company Empereal Ruby Energy and Innovations, and Uzbekistan’s Solar Nature to sign a memorandum of understanding for joint cooperation on solar photovoltaic and solar thermal projects in Uzbekistan and the Middle East. The programme aimed to drive the international expansion of ...

MONTREAL / WAM Ohood bint Khalfan Al Roumi, Minister of State for Government Development and the Future, has affirmed the UAE’s keenness to enhance and strengthen global partnerships with international organisations and bodies, especially the partnership with the International Civil Aviation Organisation (ICAO), which contributes effectively to the development of the aviation sector globally, and to invest in future work ...

DUBAI / WAM Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, rang the market-opening bell to celebrate and mark listing the domestic Dirhams Islamic Treasury Sukuk (T-Sukuk) on Nasdaq Dubai. The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer and in collaboration with the Central Bank of the UAE as the issuing ...