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

  Iran’s recent test of a medium-range ballistic missile is an early indicator that it doesn’t fear the bellicose rhetoric of Donald Trump any more than it did the passive approach of Barack Obama. Unfortunately, the Trump administration’s immediate response — National Security Adviser Michael Flynn said the US is “officially putting Iran on notice” — seems straight out of ...

  US President Donald Trump slapped sanctions against Iran in retaliation to Tehran’s recent ballistic missile test. More than two dozen people and companies from the Persian Gulf to China face new restrictions for supporting the missile program and providing support for Iran’s hard-line Revolutionary Guards Corps. They are now prohibited doing any business in the United States or with ...

  Like many a divorce, the UK’s separation from Europe threatens to get bogged down over money. While the UK wants to focus straight away on building a post-European Union identity, for the EU the first order of business will be the 60 billion euros the bloc says Britain owes it. Prime Minister Theresa May plans to formally trigger Brexit ...

  We may need to brace for the demise of America’s largest department-store chain. Hudson’s Bay Co., the Canadian owner of Lord & Taylor and Saks Fifth Avenue, is in talks to take over Macy’s, according to a report from The Wall Street Journal on Friday. It would be a spectacular end to a years-long struggle for what was once ...

  The International Monetary Fund’s involvement in Greece has been an unmitigated disaster: Time and again, its failure to heed crucial lessons has visited suffering upon the Greek people. When the fund’s directors meet on Monday, they should agree to forgive the country’s debts and get out. The IMF should never have gotten into Greece in the first place. As ...

  DUBAI / Reuters Gulf carrier Qatar Airways will allow passengers barred from the United States by President Donald Trump’s executive order last week to resume boarding US-bound flights after a federal judge blocked the move, an airline spokeswoman said on Saturday. US Customs & Border Protection (CBP) has advised Qatar Airways it can board travellers from seven Muslim-majority countries ...

  PARIS / Reuters Air France said on Saturday it had reopened US-bound flights to passengers affected by President Donald Trump’s travel ban on nationals from seven Muslim-majority countries, after the executive order was temporarily suspended by a federal court. “Starting today we are implementing this court decision,” Air France spokesman Herve Erschler said. “Nationals from the countries concerned are ...

  Bloomberg Hudson’s Bay Co. is in early stage talks with Macy’s Inc. about a possible takeover of the struggling department-store chain, according to a person familiar with the matter. Discussions are preliminary, and a full takeover may not be the only option on the table, the person said, asking not to be identified as the details aren’t public. A ...

  Bloomberg China’s Alibaba Group Holding Ltd. will lead a $200 million round of investment in newly established Indian online retailer Paytm E-commerce Pvt, a person familiar with the matter said. The investment by Alibaba and private equity firm SAIF Partners values the company at $1.1 billion, said the person, who didn’t want to be identified talking about a private ...

  Bloomberg Amazon.com Inc. will spend big in the coming months on warehouses, movies, gadgets and growth into India, renewing investor concerns that Chief Executive Officer Jeff Bezos cares more about generating revenue far in the future than turning a profit now. The company will double-down on its delivery system that gets products quickly into the hands of its customers. ...