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

DUBAI / WAM The Dubai International Financial Centre (DIFC) Courts announced its partnership with Microsoft to drive digital transformation of the commercial courts’ systems in region and beyond. Building on a successful digital courts projects such as DIFC Courts’ Smart Small Claims Tribunal (SCT), DIFC Dispute Resolution Authority (DRA) signed a Memorandum of Understanding (MoU) with Microsoft during the International ...

DUBAI / WAM Emirates Central Cooling Systems Corporation, Empower, the world’s largest district cooling services provider, is to extend its support to the State of Green Economy report by Dubai Carbon Centre of Excellence (DCCE) as a Platinum Sponsor. The Green Economy report sheds light on Dubai’s accomplishments and achievements in developing and applying green economy charters throughout the different ...

DUBAI / WAM More than 6.8 million transactions have been conducted by the Business Registration and Licensing Sector (BRLS) at the Department of Economic Development (DED) Dubai, since its launch in 1997, a figure that underlines the sustainable growth posted by companies in various commercial activities and the competitiveness of the business sector in the emirate and the UAE at ...

Bloomberg The resignation of the head of France’s military has thrown the spotlight on President Emmanuel Macron’s lack of experience and may prove to be the first major test of his governing style. Following a public dispute with Macron over cuts to the defense budget, General Pierre de Villiers, chief of the general staff, said on Wednesday that he “no ...

Bloomberg Donald Trump clearly enjoyed watching the French tanks and planes go by at last week’s Bastille Day parade alongside Emmanuel Macron, but it’s France’s ability to wield influence off the battlefield that helps it surpass the US, according to a ranking of international clout. Since their respective elections, France’s international engagement and Macron’s popularity have helped France jump to ...

Bloomberg A week of plotting against Theresa May was capped by Labour leader Jeremy Corbyn taunting the British prime minister over the splits in her cabinet in their final encounter before Parliament goes on a summer break. The recess will come as a relief for May after she lost her majority in a botched election gamble that has left the ...

Bloomberg Iran will respond to any new US sanctions that violate the terms of the nuclear deal with countersteps, President Hassan Rouhani said on Wednesday, If the US wants “to implement sanctions under any pretext or excuse, the Iranian nation will respond accordingly,” he said in comments broadcast on state television. “When it comes to congressional legislation, our parliament will ...

Bloomberg The US Supreme Court dealt a blow to President Donald Trump on his embattled travel ban on Wednesday, rejecting his bid to bar entry by some people with family members already in the country. The 6-3 order by the justices—who last month let the president start restricting entry by people from six mostly Muslim countries—means the government must accept ...

Bloomberg About two-thirds of Kenyans say they’re worse off economically, expressing concerns that should “worry” President Uhuru Kenyatta as he seeks re-election in a vote in three weeks, pollsters Ipsos and US-based John Zogby said. Almost half of the population cite the cost of living and hunger as the most serious problems they grapple with daily, followed by unemployment, Nairobi-based ...

Bloomberg Germany’s Foreign Ministry summoned the Turkish ambassador to demand the immediate release of a German human-rights activist, with Chancellor Angela Merkel’s spokesman calling the detention a “serious and sad” turn for German-Turkish relations. Foreign Minister Sigmar Gabriel returned from a vacation to Berlin to respond to the “dramatic escalation” in the actions of Turkish President Recep Tayyip Erdogan’s government, ...