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

  Abu Dhabi / Gulf Time Etihad Airways, the national airline of the UAE, on Wednesday announced the upcoming release of the airline’s first non-fungible token (NFT) collection, ‘EY-ZERO1’. The utility-driven series features ten highly detailed 3D aircraft models, each one showcasing a unique Etihad Airways Boeing 787 Dreamliner livery. A total of 2003 limited-edition collectibles, symbolising the year when ...

  Abu Dhabi / WAM Energy security has rapidly become the number one priority for nations around the world in light of current geopolitical issues leading to rapidly escalating energy prices. These rises, coupled with spiralling inflation, are adding pressure to many national energy systems around the world and the knock-on impact for consumers cost of living is clear. However, ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA) on Wednesday announced the company is to install highly-automated, multi-functional overhead cranes in Jebel Ali in a step towards full automation of cranes used for reduction cell tending, and securing operations for decades ahead. EGA is replacing 16 cranes that have completed their 25-year useful lives with just 14 new models ...

Britain certainly feels fragile at the moment with runaway inflation, war in Ukraine and all manner of local difficulties plaguing the UK body politic. Already beset by various scandals and electoral setbacks, Prime Minister Boris Johnson suffered even greater body blows with the resignation of both Rishi Sunak, the chancellor of the exchequer, and Sajid Javid, the health secretary, key ...

More than 70% of the roughly 1 million Porsche 911 sports cars built since the 1960s are still on the road. While one wonders what happened to the others, it shows 911s are prized by collectors and so tend to hold their value. Alas, one can’t say the same about parent company Volkswagen AG’s shares. Porsche has been touting its ...

  China is turning back to low-cost coal to boost its ailing economy. It’s an understandable reaction to the toll caused by Covid lockdowns. But it will come with a steep price for the environment and the health of its citizens. It’s also likely to worsen food insecurity in China just as the world is trying to fend off a ...

  In every down market cycle, subprime rears its head. It may not take center stage, like it did in the 2007-08 financial crisis, but it always surfaces. When times are good, finance companies are happy to ignore the pitfalls of lending to the riskiest borrowers. When times turn bad, the problems emerge. Carrying the mantle this time around is ...

  Bloomberg Airbus SE is leading a race against Boeing Co over the potential sale of about 30 wide-body aircraft to Malaysia Airlines as the Southeast Asian carrier, seeking more fuel-efficient jets amid a travel rebound, focuses on cost. Airbus is offering its A330neo range of aircraft while Boeing is pushing its 787 Dreamliners, according to people familiar with the ...

  Bloomberg The US Transportation Department awarded 16 coveted flight slots at Newark Liberty International Airport to Spirit Airlines Inc, denying requests by rivals JetBlue Airways Corp and Alaska Air Group Inc. The government said Spirit is “most likely to provide the lowest fares to the most consumers,” according to a statement. The decision gives Spirit access to times for ...

Bloomberg KLM was sued by Dutch environmental pressure groups which alleges its “Fly Responsibly” ad campaign amounts to greenwashing, in one of the first such lawsuits to hit a major airline. KLM, the Dutch arm of Air France-KLM, has run ads that give customers “the false impression that its flights won’t worsen the climate emergency,” breaching European Union rules, the ...