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

Bloomberg US President Donald Trump agreed to hold a second summit with North Korean leader Kim Jong-un at the end of February. What the two leaders hope to achieve remains a mystery. The summit announcement came after a 90-minute White House meeting between Trump and Kim Yong Chol, one of the North Korean leader’s top aides. They discussed “denucleariaation and ...

Bloomberg A pipeline explosion north of Mexico City killed at least 66 people, confronting President Andres Manuel Lopez Obrador with the biggest crisis since he took office pledging to crack down on graft and fuel theft. Petroleos Mexicanos said its specialists and local officials were working to deal with a fire caused by the illegal tap on the gasoline line ...

Bloomberg President Donald Trump promised a “major announcement” on the government shutdown as he and House Speaker Nancy Pelosi headed into a long holiday weekend with no sign their increasingly acrimonious standoff is any closer to an end. The president plans to renew his demand for a wall on the US border with Mexico, but also offer incentives for congressional ...

Bloomberg Hungarian labour unions are staging nationwide protests and threatening the first general strike since the end of communism to pressure Prime Minister Viktor Orban into repealing a controversial new law on overtime. Rallies were planned in Budapest and more than a dozen other cities on Saturday against what critics have dubbed the “slave law”, which allows companies to ask ...

Bloomberg The wife of missing ex-Interpol Chief Meng Hongwei has applied for asylum in France because she is scared for her life, Reuters reported, citing her lawyer. Grace Meng was followed by strangers, received suspicious phone calls and had her car license plates photographed by mysterious people, according to the report, which cited an interview she did with France Info’s ...

Ajman / WAM A host of UAE Rulers, Sheikhs, dignitaries and officials on Saturday gathered at the Al Rawdha Mosque at the Al Jurf Area in Ajman to perform funeral prayers on the body of Sheikha Naila bint Rashid Al Nuaimi, the sister of HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, who passed ...

ABU DHABI / WAM The Federal Tax Authority (FTA), has outlined four conditions that would allow foreign businesses to recover Value Added Tax (VAT), incurred in the UAE in a new guide on “VAT Refunds for Business Visitors”, published on its official website. To be eligible for the VAT refund, the first condition is that foreign businesses must not have ...

DUBAI / Emirates Business Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism) and Al Ansari Exchange, a leading UAE-based foreign exchange and worldwide money transfer company, have signed an agreement to facilitate payments for a range of tourism and travel-related services. Under the agreement, partners of Dubai Tourism including hotels, event organisers, tour operators and tourism companies will be ...

ABU DHABI / Emirates Business Buyers queued up over night outside Aldar’s sales centre on Yas Island in order to secure plots within Aldar’s latest development – Alreeman in the Alshamkha area of Abu Dhabi. Alreeman has been a huge hit with buyers, recording sales of AED 1.6 billion. Buyers have been drawn to Aldar’s commercial plot offering allowing customers ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada) has, in collaboration with the Abu Dhabi Department of Education and Knowledge (ADEK), completed the AED129 million C2 and C3 Mleih School project stretching over an area of 50,000 square metres, in the context of the Abu Dhabi Future Schools Programme, Phase VI, Package 1. Ali Al Haj Al Mehairbi, ...