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

Dubai / WAM Emirates Islamic’s (EI) bank net profit jumped to AED1.054 billion for the first nine months of 2022 on higher funded and non-funded income with a significant reduction in the cost of risk, reflecting improved business sentiment. In the period from January-September, the bank recorded a strong operating performance on higher funded and non-funded income coupled with reduction ...

Abu Dhabi / WAM The UAE Federal Agency for Early Education (FAEE) has launched the Emirati Recruitment Initiative (ERI) to attract nationals into the early education ecosystem, contribute to the development of this vital sector and enrich Emirati educational capabilities. Applications are now open to nationals from the seven emirates with various academic and professional backgrounds wishing to play a ...

Chris Bryant Fed up with having his private jet tracked by climate activists typing on Twitter, Bernard Arnault has sold the capacious Bombardier 7500 aircraft belonging to his luxury goods company LVMH Moet Hennessy Louis Vuitton SE. But the world’s third-richest man isn’t about to join the masses flying commercial (quelle horreur!). Instead, Arnault plans to rent private aircraft: “The ...

Allison Schrager To President Joe Biden’s credit, his policies didn’t cause many of the economic problems we face today. But they did make them worse. Even more troubling, his policies might reduce growth in the future and make the economy less equal and resilient. The president normally doesn’t have much impact on the current economy; he doesn’t set energy or ...

Kraft Heinz Co. and Jeff Bezos-backed startup NotCo are following through with their bet on plant-based foods. Eight months after announcing their joint venture (JV), the companies are unveiling their first products: animal-free cheese slices and mayonnaise. Not Cheese will first appear on shelves in a small market test in Cleveland in early November, with a national rollout to follow ...

Boeing Co. falls the most in four months after the planemaker pared its annual forecast for deliveries of its 737 narrowbody jets and disclosed that it may discontinue the smallest and largest “Max” versions of the workhorse aircraft. In a securities filing, Boeing said it could choose to cancel the 737 Max-7 and -10 variants if a looming deadline for ...

China plans to increase the number of international flights operated by domestic and foreign airlines to 840 a week from October 30 to March 25. That’s a jump of 106% from October 2021 to late March this year, but still way below pre-pandemic levels. The announcement, made at a Civil Aviation Administration of China (CAAC) briefing, follows the country’s major ...

London’s Heathrow Airport said businesses at the hub need to embark on a massive hiring spree to rebuild depleted staffing ranks that contributed to a chaotic travel season across much of Europe this past summer, even as passenger numbers will need at least until the middle of the decade to return to pre-pandemic levels. Heathrow served 81 million passengers in ...

Northern Ireland is set for a second election this year after the biggest unionist party again prevented the region’s government from forming, amid a row over post-Brexit trade rules that has major implications for the UK. The Democratic Unionist Party stopped the election of an Assembly Speaker and prevented the election of an Executive for a fourth time Thursday, after ...

Chinese President Xi Jinping said his nation is willing to work with the US to find ways to cooperate, comments that come before a potential meeting with President Joe Biden at a Group of 20 summit next month. Better communication between the two nations would bolster global peace and development, Xi said in a letter to the National Committee on ...