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

  Dubai / Emirates Business Mohammed bin Rashid Al Maktoum Foundation (MBRF) – part of Mohammed bin Rashid Al Maktoum Global Initiatives – is set to take part in the 68th edition of the Frankfurt Book Fair on October 19-23. Represented by Qindeel Printing, Publishing and Distribution, the Foundation is keen to attend the Fair – the largest of its ...

  Bloomberg Foreign Secretary Boris Johnson said the U.K. shouldn’t prolong the process of withdrawing from the European Union, suggesting the government will formally trigger an exit by May of next year. Though Britain voted for Brexit in June, formal talks with the 27 other EU members can’t begin until Prime Minister Theresa May activates Article 50 of the bloc’s ...

  Washington / AFP With spats over Apple and Deutsche Bank and squabbles about Airbus and Boeing, approaching elections on both sides of the Atlantic are exacerbating strains in US-European economic relations. The recent controversy over taxing the iPhone maker surely epitomizes the situation best. European authorities’ decision in late August to force the American giant Apple to pay $14.5 ...

  Kiev / AFP The scandal was complex but its outcome potentially simple — Ukraine tried to fiddle with its murky gas sector and upset its EU partners enough to freeze huge sums of financial help. The fight for control over a profitable company that transports Russia’s blue fuel to Europe also exposes the clan warfare and backstabbing that surrounds ...

  Los Angeles / AFP From real estate, to high-tech firms to entertainment giants, Chinese investments in the United States, notably California, are moving at a dizzying pace and are on course to smash records again this year. Chinese companies shelled out a record $15 billion last year in the US and that figure could more than double in 2016, ...

  Bloomberg Volkswagen AG’s former chief executive officer, Martin Winterkorn, approved a plan to disclose only partial information on the carmaker’s software rigging to U.S. authorities seven weeks before the scandal broke last year, Bild newspaper reported, citing newly uncovered documents. On July 28, 2015, Winterkorn signed off on talking points prepared ahead of an informal meeting with regulators in ...

  San Sebastian / AFP Spain’s Basque country and Galicia went to the polls on Sunday in regional elections that may help unblock the long-lasting national political paralysis. The country is stuck in limbo, run by a government without full powers following two inconclusive elections which the conservative Popular Party (PP) won without an absolute majority, and which have seen ...

  Peshawar / AFP Afghan security forces have killed one of the top Pakistani Taliban commanders along with at least 10 other militants in a border area operation, sources said on Sunday. Raeas Khan, also known as Azam Khan Tariq, had a 20 million rupee ($190,740) bounty on his head and was the fourth-highest ranking commander in the Tehreek-e-Taliban Pakistan (TTP). ...

  Los Angeles / AFP Authorities have arrested a Turkish-born man suspected of shooting five people dead, including a teenaged cancer survivor, at a shopping mall in the US state of Washington. Police named the suspect as Arcan Cetin, a 20-year-old resident of the nearby town of Oak Harbor, saying he was arrested late Saturday about 24 hours after the killings. ...

  Goma / AFP Thirteen people died when a panic-stricken crowd stampeded in a troubled town in eastern Democratic Republic of Congo on Saturday, local officials said. “The incident happened when a drunken soldier in civilian clothes fired four shots from his gun, causing panic,” the mayor of Beni, Jean Edmond Nyonyi, said. “Eight people drowned when they threw themselves in ...