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

Abu Dhabi / Emirates Business Rotana , one of the leading hotel management companies in the Middle East, Africa, South Asia and Eastern Europe, has launched its newest property in Bahrain – the five-star hotel Downtown Rotana , which was inaugurated by H.E. Zayed R. Al Zayani, Bahrain’s Minister of Industry, Commerce and Tourism on Sunday. Rising amidst the traditional ...

Riyadh / Emirates Business The real estate market in Lebanon is among the sectors that have been adversely affected by the political crisis between that country and the Kingdom, and Saudi investors are among those feeling the heat. The losses due to the slowdown in the Lebanese real estate sector, especially due to the travel alert issued by Gulf Cooperation ...

Bloomberg Buying one share of Grand Marnier Group will get you 8,050 euros in cash when the company is acquired by Davide Campari Campari-Milano SpA — and a chance to roll the dice on what may be one of the biggest residential real estate deals of all time. Shares of Grand Marnier resumed trading after the French company agreed to ...

Bloomberg Zalando SE, Europe’s biggest online fashion retailer, is making investments to set its service apart from competitors, including a potential tie-up with smartphone car service Uber Technologies Inc. The German e-commerce player is trying to gain market share and boost profitability by building new systems that can make it easier for brands such as Adidas AG or Nike Inc. ...

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 ...