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

DUBAI / WAM Dubai Air Navigation Services (dans) has signed a contract with DFS Aviation Services (DAS) of Germany for the supply of air traffic control systems that will improve the capabilities and quality standards of the city’s airspace. The flexible and scalable digital platform provides comprehensive tools for tower and approach controllers to safely and efficiently manage traffic flow ...

ABU DHABI / WAM Emirates Development Bank (EDB) was awarded the “Best Customer Experience Digital Platform” award for its EDB Business Banking app at the Middle East Banking AI & Analytics Summit held in Dubai. The app was launched in 2021 to simplify the process of opening bank accounts and registering businesses, allowing them to receive an IBAN within 48 ...

DUBAI / WAM Dubai Multi Commodities Centre (DMCC) has further expanded the comprehensive offering of the DMCC Crypto Centre ecosystem with the addition of a major global technology partner, Enya Labs. Founded by a team of Stanford faculty and alumni, Enya Labs is a leading developer of decentralised infrastructure solutions, and is a core contributor to Boba Network. Boba Network ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Klaus Iohannis, President of Romania, to discuss bilateral relations and collaboration between the two countries and issues of mutual interest on Monday. During the talks, which took place at Qasr Al Watan in Abu Dhabi, His Highness Sheikh Mohamed welcomed the visit of President Iohannis ...

BLOOMBERG Canadian holidaymakers jetting south for spring break on red-eye flights with Flair Airlines Ltd were in for a surprise when the Boeing Co 737s they were about to board were seized by agents acting on behalf of a jet leasing firm that manages the planes. The episode emerged from a $50 million lawsuit filed by Flair in the Ontario ...

BLOOMBERG John Lewis Partnership Plc is considering selling a minority stake, diluting its employee-owned structure, as the cost-of-living crisis puts pressure on the UK retailer to seek new investment. The company, which owns the high-end grocery chain Waitrose as well as its eponymous department stores, may explore a change in the company’s mutual structure so it can raise at least ...

BLOOMBERG Aéroports de Paris (ADP) and GMR Airports Infrastructure Ltd agreed to fold their joint-venture company into GMR, giving ADP a liquid stake in a business that owns airfields in India. ADP and GMR Airports Infrastructure own 49% and 51%, respectively, of the unlisted GMR Airports Ltd, according to a statement from the French company, which operates Paris’s Charles de ...

BLOOMBERG India will spend about 980 billion rupees ($12 billion) over the next two years on airports, with airline orders for hundreds of new planes to meet resurgent travel demand putting pressure on existing infrastructure. The world’s fastest-growing aviation market aims to boost the number of airports to 220 by 2025 from the current 148, for which private builders will ...

BLOOMBERG Chinese banks kept their benchmark lending rates unchanged on Monday despite the central bank’s surprise easing action last week, with economists betting there could be scope for lower rates in coming months. Lenders held the one-year loan prime rate at 3.65% and left the five-year rate, a reference for mortgages, flat at 4.3%, according to a statement released by ...

BLOOMBERG The Bank of Japan (BOJ) indicated a cautious stance towards pivoting from massive easing before achieving its inflation target, helping cool market speculation over any big monetary policy shift at the start of incoming governor Kazuo Ueda’s term. “The risk from a hasty policy change that could lead to missing a chance of such achievement should be considered as ...