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

  Abu Dhabi / WAM The Abu Dhabi Economic Summit, set to take place on February 28, will bring together experts from the worlds of government, business, finance and technology to explore new frontiers of growth. The summit is hosted by the Abu Dhabi Department of Economic Development (Added) and organised by Economist Impact Taking place under the theme “Looking ...

  Abu Dhabi / WAM The Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced its participation in the 27th edition of the Muscat International Book Fair. The event will be held in the Omani capital from February 22 to March 4, with the participation of 826 ...

  Abu Dhabi / Gulf Time Under the patronage of Sheikh Mohammed bin Sultan bin Khalifa Al Nahyan, Chairman of the Board of Directors of the Abu Dhabi Marine Sports Club, the “UAE MotoSurf Championship” is scheduled to be held on March 18, 2023 in “Al Qana”, the unique waterfront located at the gateway of Abu Dhabi and considered one ...

Bloomberg United Airlines Holdings Inc. has delayed plans to add extra US-China flights by at least six months, according to a person with knowledge of the matter, as the two nations remain deadlocked over lifting Covid flight caps. The increase in flights was originally slated to start late next month, but the move was postponed over the weekend, said the ...

  Bloomberg Mauritius’s only international airport and its stock exchange remained closed on Monday as tropical cyclone Freddy threatened the tourism-dependent island nation, according to statements from the respective operators. The storm at the weekend strengthened to a very intense tropical cyclone, according to Meteo France, with wind gusts near its center of about 300 kilometers per hour, making it ...

Bloomberg Airbus SE’s plans to ramp up production of its Eurofighter aircraft and other key weapons systems are being held back because governments aren’t committing to orders, the head of its defense unit said. Michael Schoellhorn, the chief executive officer of Airbus Defence and Space, said he expects an uptick in orders for jets, drones and space-based products in the ...

Bloomberg Lockheed Martin Corp. has outlined plans to build a satellite factory in the UK, which would be its first such facility outside of the US, according to a report in the Telegraph. The Maryland-headquartered defence company has been looking into suppliers around the northern city of Newcastle, an emerging hub for space technology, said the company’s UK Chief Executive ...

  Bloomberg British supermarket chain Morrisons said it would cut prices across many of its own-brand products to help consumers squeezed by the cost of living crisis. The move, which Morrisons said would cost $30 million, will reduce prices by an average of 19% on items including potatoes, coffee and rice. The company has invested £148 million in cutting the ...

  Bloomberg Amancio Ortega, the billionaire founder of the Zara clothing chain, pulled out of a 550 million euro ($588 million) deal to buy the Dublin office development that forms part of Meta Platforms Inc.’s European headquarters, the Sunday Times reported. Meta signed a 25-year lease on the Fibonacci Square complex in 2018 and agreed to pay an annual rent ...

  Bloomberg Property sellers are seeking sharply higher prices across north London as young professionals return to jobs in the capital after the pandemic, a survey showed. Asking prices for homes in Camden surged 17.2% from a year ago and by 6% in the past month alone, the property search website Rightmove said Monday. Barnet and Islington notched up annual ...