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

ABU DHABI / WAM The UAE has a position as the global capital for the 4th Industrial Revolution (4IR) and is leading the world charge to crystallise a future strategy for manufacturing and industrialisation, said Badr Al-Olama, Head of the Organising Committee for the Global Manufacturing and Industrialisation Summit (GMIS) 2019. ‘‘The UAE is encouraging international efforts towards an industrial ...

ABU DHABI / WAM The Abu Dhabi Committee for the fourth cycle of the Federal National Council (FNC) elections has opened its headquarters in the Abu Dhabi Chamber of Commerce and Industry. Saif Ali Al Qubaisi, Executive Director of the Department of Citizens’ Affairs at the Abu Dhabi Crown Prince’s Court and Chairman of the Abu Dhabi Committee, attended the ...

Bloomberg Libyan security forces have arrested two men accused of working for a Russian troll farm seeking to influence elections in the oil exporter and other African countries. A letter from the state prosecutor of the internationally-backed Tripoli government to a Libyan security chief said the men were involved in “securing a meeting” with Saif al-Islam al-Qaddafi, the fugitive son ...

Bloomberg China’s military said its recent “live-fire drill” in the South China Sea didn’t target any country and wasn’t held to achieve specific objectives, after the US denounced the missile tests as “coercive acts.” China fired at least one missile into the sea and was expected to continue testing until July 3, NBC News reported, citing anonymous US officials. The ...

Bloomberg Boris Johnson looks set for a landslide victory over rival Jeremy Hunt in the race to become Britain’s next PM. According to a YouGov poll published in the Times newspaper, Johnson is backed by 74 percent of Conservative Party members with Hunt languishing on 26 percent. The survey also suggests that the vast majority of the 160,000 grassroots party ...

Bloomberg Of all the dramatic visuals to emerge from the protests that rocked Hong Kong in recent weeks, one stands out: the defaced city emblem left by demonstrators who stormed the legislature on July 1. The image of Hong Kong’s iconic bauhinia flower covered in black paint has become a symbol of the frustrations that sent hundreds of thousands of ...

Bloomberg Venezuelan courts released judge Maria Lourdes Afiuni nine years after her arrest and journalist Braulio Jatar, the country’s top court said in separate posts on Twitter, without offering further details. Afiuni, writing on Twitter, confirmed her release, saying she would post a message when she had the official high court resolution. National Assembly leader Juan Guaido said on Twitter ...

Bloomberg India’s new finance minister resisted calls for a fiscal boost to spur a weakening economy, sticking instead to a plan to narrow the budget deficit over time by keeping spending in check. The fiscal gap target for the year that began on April 1 was lowered to 3.3 percent of gross domestic product (GDp) from 3.4 percent set in ...

Bloomberg The largest steel industry group in China has urged the government to maintain order in the global iron ore market after prices surged to a five-year high following a supply squeeze, saying that it’s requested authorities look into the gains. Futures slumped. The China Iron & Steel Association (CISA) “is reporting relevant problems in the industry to government ministries ...

Bloomberg Japan’s Ministry of Economy, Trade and Industry plans to set up working-level briefings for their South Korean counterparts to explain export restrictions on some semiconductor and display materials that went into effect on July 4, according to the Nikkei. The goal of the talks is to show that the measures do not amount to an embargo and to preempt ...