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

  Bloomberg President Donald Trump’s plan to round up and deport millions of undocumented immigrants is likely to trigger waves of lawsuits that may soon dwarf the legal fight over the administration’s temporary ban on travelers from seven Muslim majority countries. The Department of Homeland Security is pushing ahead with what the American Civil Liberties Union (ACLU) calls a “hyper-aggressive ...

  MOSCOW / AP The Russian military received a sweeping array of new weapons last year, including 41 intercontinental ballistic missiles, and the wide-ranging military modernization will continue this year, the defense minister said on Wednesday. Minister Sergei Shoigu told lawmakers the air force will receive 170 new aircraft, the army will receive 905 tanks and other armored vehicles while ...

  Sanaa / AP A ballistic missile fired by Yemen’s Shiite rebels on Wednesday killed the deputy chief of staff of the country’s military in a major blow to the US-backed Saudi-led coalition, which heavily supports the government, officials said. The SABA news agency, which is controlled by the Houthi rebels, said their forces struck the vehicle of Brig. Gen. ...

  LONDON / AP A suicide bomber who attacked a military base in Iraq this week was a former Guantanamo Bay detainee freed in 2004 after Britain lobbied for his release, raising questions about the ability of security services to track the whereabouts of potential terrorists. The IS group identified the bomber as Abu Zakariya al-Britani, and two British security ...

  BEIRUT / AP Talks to reunify ethnically-split Cyprus suffered another blow after the leader of breakaway Turkish Cypriots backed out of a scheduled meeting aiming to push negotiations forward, officials said on Wednesday. Cyprus President Nicos Anastasiades expressed regret that Turkish Cypriot leader Mustafa Akinci told United Nations officials that he won’t attend Thursday’s meeting. “I’m ready to continue ...

  KUALA LUMPUR / AP The two women suspected of fatally poisoning a scion of North Korea’s ruling family were trained to coat their hands with toxic chemicals then wipe them on his face, police in Malaysia said Wednesday, announcing they were seeking a North Korean diplomat in connection with the attack. But the North Korean embassy ridiculed the police ...

  Bloomberg French women are starting to picture their next president as a divorced mother of three. The anti-euro, anti-immigrant candidate Marine Le Pen has been playing up her gender as she seeks to convert a likely first-round victory into an overall majority in the run-off on May 7 — and it’s paying off. The 48-year-old National Front leader has ...

  Bloomberg Saudi Arabian Oil Co., gearing up for what may be the world’s biggest initial public offering, is considering discounted shares for local investors, according to people with knowledge of the matter. The oil company has discussed ways to structure the offering in different tiers, allowing Saudi buyers to receive the stock at a lower price than international investors, ...

  Bloomberg First Solar Inc. reported its biggest-ever loss after overhauling its manufacturing strategy and firing more than a quarter of its workforce. The bulk of its pain may be in the past. The largest US solar manufacturer posted a fourth-quarter net loss of $719.9 million, largely due to a $729 million restructuring charge, Tempe, Arizona-based First Solar said in ...

  Bloomberg Oil fell from the highest price in more than a week amid specul- ation about the effectiveness of OPEC’s supply curbs and forecasts for another expansion in US crude stockpiles. Futures dropped 0.6 percent in London, ending three days of gains. The Organization of Petroleum Exporting Countries is confident members will continue to cut production and reduce global ...