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

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, affirmed that November 30 is a day to remember the righteous martyrs of the homeland who defended the soil, pride and dignity of this country. In a speech addressed by “Nation Shield” magazine on the occasion of Commemoration Day, which ...

  Abu Dhabi / Gulf Time Mubadala Health has announced the launch of a pilot program that supports parents across the emirate of Abu Dhabi, in collaboration with Abu Dhabi Early Childhood Authority (ECA), furthering its commitment to safeguard and support the physical and mental well-being of parents and children. This pilot program focuses on Community Awareness and Child Development ...

Bloomberg EasyJet Plc said enduring demand for discounted flights should allow it to return to pre-pandemic levels of capacity by next summer, even as soaring inflation weighs on household incomes. Early bookings for the second half starting from April “look positive,” with ticket prices and occupancy for Easter stronger than a year ago, Luton, England-based EasyJet said in a statement. ...

  Bloomberg Tata Group will merge Air India Ltd with Vistara, which it jointly holds with Singapore Airlines Ltd, creating a behemoth in one of the world’s fastest-growing aviation markets. The deal will give Singapore Air a 25.1% stake in the merged carrier for an investment of $250 million, according to an exchange filing. Both the partners have agreed to ...

  Bloomberg Adani Enterprises Ltd, the flagship firm owned by Asia’s richest person Gautam Adani, chose a fundraising route for its $2.5 billion share sale that allows the group to woo retail investors through potentially discounted prices. The 200 billion rupee ($2.5 billion) equity sale via the further public offer mechanism gives the company maximum flexibility, including pricing at a ...

Bloomberg Nestle SA set new targets for profit growth in coming years and said it’s starting a strategic review of its Palforzia peanut-allergy business. Underlying earnings per share should rise 6% to 10% annually in constant currency through 2025, the maker of Nespresso capsules and DiGiorno meals said. Nestle said it’s reviewing options for Palforzia after a slower-than-expected performance, and ...

  Bloomberg US shoppers have spent $6.3 billion so far on Cyber Monday, according to Adobe Inc, a robust showing that suggests steep discounts attracted inflation-stung shoppers. Cyber Monday spending will reach as much as $11.6 billion, making it the biggest online spending day ever, according to Adobe. “There is a ton of momentum coming into Cyber Monday, after a ...

  Bloomberg Thailand reported a surge in serious Covid-19 infections and deaths, just as the Southeast Asian nation is seeing a rebound in foreign tourist arrivals that’s likely to gain further momentum into the holiday season. An average of 702 Covid patients were hospitalised a day, which was almost double the number from the start of the month, the Health ...

Bloomberg South Korea ordered striking cement truck drivers back to work in a dramatic step it said was necessary because of the threat to the nation’s economy. The government issued the order during a cabinet meeting led by President Yoon Suk-yeol, and warned that violators will face legal action. This is the first time such a decree has been put ...

Bloomberg Toyota Motor Corp produced 771,382 vehicles in October, down from a record of 887,733 the previous month, and warned of an uncertain outlook due to Covid and semiconductor shortages. Output was up 23% from October 2021, when supply chains were disrupted by the spread of Covid in Southeast Asia, Toyota said in a statement. The world’s biggest automaker is ...