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

SHARJAH / WAM Sharjah Economic Development Department (SEDD) has completed 33,149 issued and renewed licenses in Sharjah in the first half of 2017, according to the data released in its Licenses Annual Report of the year. According to a press statement, the report showed that the licenses renewed through the first half of the year reached 30,103, whereas May was ...

ABU DHABI / WAM The Ministry of Energy has announced that the UAE will host the upcoming IAEA International Ministerial Conference on Nuclear Power in the 21st Century, taking place in Abu Dhabi from October 30 to November 1. The conference is being organised by the International Atomic Energy Agency (IAEA) in cooperation with the Nuclear Energy Agency (OECD/NEA) and ...

DUBAI / WAM The Ministry of Finance (MoF) assigned Emirates Development Bank (EDB) to create an electronic register to publicise related rights to ‘Mortgage of Movable Property’. Khalid Ali Al Bustani, Assistant Under-Secretary of International Financial Relations Sector at the ministry and Rashid Mahboob Misbah, Acting CEO of EDB, in Dubai signed an agreement to this effect. The collaboration aims ...

Bloomberg Turkey is building up its military presence in Qatar, an adviser to President Recep Tayyip Erdogan said, in defiance of a Saudi-led bloc’s demand that the Turkish military pull out of the emirate. “Turkey’s steady buildup continues there, protecting the border and the security of the Qatari government,” adviser Ilnur Cevik said on Monday by phone. Turkey has deployed ...

Bloomberg Russia stepped up pressure on the US to return seized diplomatic compounds in one of the first tests of whether Donald Trump and Vladimir Putin can convert the personal rapport of their initial meeting into improved relations. The country houses outside New York and Washington must be returned unconditionally after they were taken over by the US “absolutely in ...

Bloomberg UK Brexit Secretary David Davis returned to Brussels on Monday to resume Brexit talks with the European Union, as infighting among ministers in London over the future of Prime Minister Theresa May gathered pace. Davis and the EU’s chief Brexit negotiator, Michel Barnier, shook hands before the start of four days of talks on the priority issues identified by ...

Bloomberg Chancellor Angela Merkel’s main domestic challenger, Martin Schulz, joined international criticism of Germany’s budget surplus as he sought to gain an opening 10 weeks out from federal elections. Schulz, a Social Democrat whose party has been Merkel’s coalition partner for the past four years, pledged on Sunday to guarantee that surplus revenue would go towards spending on infrastructure if ...

Bloomberg The last time Rwanda held presidential elections, opposition leader Frank Habineza’s deputy was killed and he fled into European exile. Seven years on, he sees his candidacy in next month’s vote as a cautious step towards greater political freedoms in the tiny East African country. The August 4 election will be the first time Habineza, who leads the Democratic ...

Theresa May’s goal at this point in the Brexit negotiations was to be a strong British prime minister —between European Union leaders. It hasn’t quite worked out that way. Instead, as Brexit Secretary David Davis heads to Brussels for the second round of negotiations, EU officials and politicians are looking at a Britain where senior ministers openly disagree about their ...

Shareholders of Tencent Holdings Ltd., the world’s biggest video game company, panicked last week. People’s Daily, the official newspaper of the Chinese Communist Party, singled out ‘Honour of Kings,’ Tencent’s biggest game, for an unusually high-profile criticism. ‘Poison,’ the paper declared of a game played by roughly one in seven Chinese. “Constantly spreading ‘negative energy.’” It linked the game to ...