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

  Sharjah / WAM Air Arabia has announced the launch of a new route from Sharjah to Namangan in Uzbekistan. The new direct flights will connect Sharjah International Airport with Namangan Airport with three weekly flights starting from November 27. Adel Al Ali, Group Chief Executive Officer of Air Arabia, said, “We are glad to further expand our reach to ...

  Last week, while inaugurating a new aircraft factory in western India, Indian Prime Minister Narendra Modi returned to a slogan he coined a few months after taking power in 2014: “Make in India.” This time, however, he added: “Make for the world.” This isn’t the first time Modi has gestured toward India’s need to increase manufacturing exports. Still, the ...

There’s a lot of focus on Elon Musk’s Twitter Inc. purchase and plans to turn around the troubled social network. Most debates around the acquisition miss a crucial tenent of Musk’s glittering track record: He uses software to drive previously unimaginable advances in difficult problems, and then creates a virtuous spiral with investors and users. This approach is critical to ...

  For much of the past year, interest rate doves have been eager to make excuses for inflation, blaming obscure methodological quirks in the US’s consumer price index for a stretch of concerning reports. Now, another of those peculiarities is pulling reported inflation down, but the doves are happy to look the other way. While there were certainly positive developments ...

  Sam Bankman-Fried has in the past enjoyed media treatment akin to walking on water. Even amid the brutal cryptocurrency selloff, his exchange FTX was hailed as the buyer of last resort amid the wreckage. His geeky image, supposedly philanthropic motivations and crude online gags softened the edges of a billionaire whose business is risky crypto trading — most of ...

  Bloomberg Airbus SE said production concerns have shifted from a shortage of jet engines to smaller suppliers struggling to cope with spiralling energy costs, with the squeeze expected to become most acute next spring. The world’s largest planemaker is working to mitigate the impact of the energy crisis for component makers by being flexible with its aircraft production sequencing ...

Bloomberg Air France-KLM’s French arm faces possible strikes throughout the year-end holiday as workers step up pressure to adjust salaries in the face of spiralling inflation. Two Air France cabin crew unions issued a strike notice from December 22 to January 2, according to statements posted on their websites. Air France said it questions the logic of the strike notice, ...

  Bloomberg Six airlines paid back more than $600 million in refunds to passengers because of major delays or cancelled flights, the US Transportation Department announced as air travel has seen more disruption amid the coronavirus pandemic. The department, which said its enforcement actions on refunds led to hundreds of thousands of flyers getting money back, is also issuing more ...

Bloomberg Nasa launched its most powerful rocket in 50 years early Wednesday, sending an uncrewed capsule skyward on a 25-day mission to orbit the moon and return safely to Earth. The agency’s Space Launch System rocket, with an Orion capsule perched atop it, cleared its Kennedy Space Center launchpad on the Florida coast just after takeoff at 1:48 am local ...

  Bloomberg Primark’s website crashed after the budget fashion retailer offered British shoppers a click and collect service, the first time that customers could buy from the company online. The website was blank with a message saying “some people had issues accessing” the site and the firm was working hard to ensure shoppers could browse easily. The click and collect ...