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

MONTPELIER / AP General Mills’ announcement that it will start labeling products that contain genetically modified ingredients to comply with a Vermont law shows food retail companies might be throwing in the towel, even as they hold out hope Congress will find a national solution. Tiny Vermont is the first state to require such labeling, effective July 1. Its fellow ...

Bloomberg Fastjet Plc Chief Executive Officer Ed Winter, who is poised to leave the African discount airline after clashing with investor Stelios Haji-Ioannou over mounting losses, said he still thinks the continent is on the cusp of a transformation into a viable aviation market. Without an unexpected slump in currencies spanning the South African rand to the Kenyan schilling, Fastjet ...

Bloomberg Malaysian airline tycoon Tony Fernandes, chief executive of budget carrier AirAsia Bhd, said he’s applied for a version of Indian citizenship, a status that may allow him to fully own his local unit and skirt some aviation rules that restrict foreigners. “There will be a big party when I get my approval,” he told reporters in the southern Indian ...

Bloomberg Aviation enthusiasts, developers and anyone looking for a parking spot for the private jet, take note: Atlantic City is selling a century-old former airport for a fraction of what it could have received eight years ago. Bader Field, which spurred the first use of the word “air-port” in a 1919 newspaper, will go up for a minimum bid of ...

Bloomberg Iran could begin making parts for Airbus Group SE aircraft under plans being discussed following January’s historic agreement to purchase 118 jetliners from the European manufacturer. Airbus’s Middle East office said the company is evaluating areas of industrial cooperation with Iran that may include component production and maintenance and overhaul work. Iran developed an ability to make plane parts ...

AFP From ready-to-wear knits manufactured instantly to customised dresses produced on inkjet printers, Japan’s apparel industry is turning to state-of-the-art technology in a bold bid to cut labour costs and secure its future. At manufacturing giant Shima Seiki’s factory in western Japan, garments materialise in minutes, thanks to digitally-programmed automated machines that can turn out a sample seam-free pullover in ...

RITIKA SHARMA / Emirates Business A little bird, with plumage brown, beside my window flutters down…… But we, in traffic’s rush and din, Too deep engaged to let them in, with deadened heart and sense plod on Nor know our loss till they are gone. While in school, I knew the above poem by Paul Laurence Dunbar by heart. Least ...

RITIKA SHARMA / Emirates Business Today, some plan to make her the breakfast, while others decide to take her for shopping, yet others might gift her that diamond pendent she always wanted. Whatever the gesture is, motherly love is in the air. Its Mother’s Day — an occasion of tribute to the dedication, love and discipline mothers bring to our ...

ALKESH SHARMA / EMIRATES BUSINESS A refreshing concept launched in 2006, REDTAG is part of the holding company BMA International and currently has over 170 stores across the GCC with a projected annual growth rate of more than 20 percent. REDTAG offers a pleasant shopping experience for value-conscious customers with great variety, stringent product quality and availability. REDTAG, the value ...

RITIKA SHARMA / EMIRATES BUSINESS Offering a stimulating alternative to explore the picturesque skyline and coastline of Abu Dhabi from the waterfronts, Jalboot ferry service has won many hearts in the region. A unique mode of transport, with strategically-planned stoppages, Jalboot has taken the tourism industry by a storm. Some see it as an unconventional transport option during peak traffic ...