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

Bloomberg Iran, locked in a worsening political standoff with Western powers, has handed down death sentences to several nationals accused of being part of a CIA-trained spy network uncovered earlier this year, an official said on Monday. Seventeen people were arrested in all, a senior intelligence official told foreign media in Tehran. None of the suspects are dual nationals, according ...

Bloomberg A car bombing by al-Qaeda-linked militants killed at least seven people in Somalia’s capital, Mogadishu, a police officer said. At least nine others were wounded in the blast near a police checkpoint and hotel in the city’s K4 neighbourhood, officer Ilkase Abdi said by phone from the scene. Al-Shabaab took responsibility for the attack in a statement to Radio ...

Bloomberg As the protest in Hong Kong entered its sixth week, the spotlight turned to Yuen Long, a suburb that’s closer to Shenzhen along the mainland Chinese border than the city’s central area. Fights broke out in the Yuen Long metro station miles away from the main protests after groups of men in white shirts attacked passengers with sticks and ...

Bloomberg Prime Minister Theresa May is leading a meeting of the UK’s emergency committee to discuss the security of shipping in the Persian Gulf, after Iran seized a British oil tanker in the Strait of Hormuz. May and the committee of top officials and ministers, dubbed Cobra, has convened in London, her office said. Foreign Secretary Jeremy Hunt and Defence ...

Bloomberg Italy’s fractious populist coalition lurches into a make-or-break week as Matteo Salvini decides whether to try to force snap elections while Prime Minister Giuseppe Conte struggles to salvage the government. The fate of the coalition hangs on a possible meeting between Deputy Premier Salvini and his ally-cum-rival Luigi Di Maio of the Five Star Movement, and government talks on ...

Bloomberg At a political rally sometime in the coming weeks, Donald Trump will almost certainly be met again with a chant rising from an auditorium packed with boisterous supporters: “Send her back!” In that moment Trump will have to choose a course. He could turn to the crowd and deliver an unambiguous condemnation, telling his supporters that they shouldn’t persist ...

Bloomberg India is attempting to prevent any repeat of last year’s shadow banking crisis after detecting “signs of fragility” in some of the 50 housing finance and other non-bank lenders it is monitoring, according to central bank Governor Shaktikanta Das. The Reserve Bank of India is working closely with the country’s lenders to prevent the collapse of another large systemically ...

Bloomberg Two months after China shocked investors with the first government seizure of a bank in two decades, market confidence in the nation’s smaller lenders has yet to fully recover. That may be just what the country needs. When it took control of Baoshang Bank Co and imposed losses on some creditors, China’s government upended the long-held assumption that it ...

Bloomberg Interswitch, a Nigeria-based payments firm, has hired advisers to resurrect plans for a stock-market listing in London and Lagos later this year, people familiar with the matter said. JPMorgan Chase & Co, Citigroup Inc and Standard Bank Group Ltd are among the firms working on an initial public offering, which may value the financial technology company at $1.3 billion ...

Bloomberg Gerard Lyons has become front runner to replace Mark Carney as Bank of England Governor, according to an online oddsmaker. The economist — a former adviser to prime ministerial candidate Boris Johnson and a prominent advocate of Brexit — is reported to have interviewed for the role and published an opinion column for the Financial Times. Betway said it ...