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 Air Arabia Abu Dhabi has announced the introduction of a new service to Chennai in India, starting from April 27. Abu Dhabi travellers will now be able to fly directly to Chennai International Airport at competitive prices. Commenting on the announcement, Adel Al Ali, Group Chief Executive Officer of Air Arabia, said, “We are proud to ...

  London / Gulf Time dnata, a leading global air and travel services provider, has inaugurated a new, state-of-the-art cargo centre at London Heathrow airport (LHR). Part of the company’s ‘dnata City East’ complex, the bespoke facility further increases dnata’s capacity at LHR, ensuring continued smooth handling of a broad range of goods amid rapidly increasing demand for reliable and ...

  Bloomberg Benchmark European natural gas prices declined for a seventh consecutive session, with Russian flows to the continent continuing while the war in Ukraine grinds on. Orders for Russian gas shipments via Ukraine edged higher, but remained below capacity, while the Yamal-Europe pipeline continued to flow eastward to Poland from Germany. Gas transiting Russia’s main pipeline link to Europe, ...

Emmanuel Macron is within striking distance of a historic re-election as French president after clinching a first-round lead against his far-right nemesis Marine Le Pen. Investors should be relieved, but not complacent. Round two on April 24 will be a close-run affair. Early results show France’s establishment parties in tatters. An increasingly fragmented electorate is looking for new answers after ...

Oops. Looks like Elon Musk isn’t joining Twitter Inc’s board after all. Less than a week after Chief Executive Officer Parag Agrawal excitedly tweeted that the world’s richest man would get a seat, he’s now been forced to backpedal after saying Musk declined the offer. Musk was supposed to take up his post, Agrawal wrote in a memo subsequently posted ...

  Chase UK has many finance folk scratching their heads. Britain doesn’t need another online-only bank. It already has a host of scrappy upstarts making little headway against a handful of dominant traditional lenders. So why is JPMorgan Chase & Co spending time and money pursuing UK customers? If it wins a couple of percentage points of market share, the ...

  The central bank needs some new tools to navigate the unique challenges that are likely to confront the euro-zone economy. The war in Ukraine has left Europe facing both greater supply chain disruptions and higher prices for raw material, problems exacerbated by the region’s dependency on Russia energy. Against this backdrop, the European Central Bank (ECB) must find a ...

Bloomberg Travel disruption continued to hit UK holidaymakers as officials warned of expected queues at airports later in the week and motorists faced fuel shortages. Both EasyJet Plc and British Airways had more cancellations, though the airlines said those flights had been called off in advance. According to FlightAware data, British Airways canceled 7% of flights today and delayed 19%. ...

  Bloomberg Sichuan Airlines Corp suspended one of its employees after contentious comments he posted online were unearthed, highlighting growing jitters in China after a deadly air crash last month. An internet user took to Weibo to ask the carrier to prevent the staff member in question — identifiable as an ethnic Mongolian Chinese national called Ayingga — from flying ...

  Bloomberg Clearpay Finance Ltd is partnering with mall landlord Unibail-Rodamco-Westfield in the UK, continuing the buy-now-pay-later provider’s expansion into brick and mortar retail globally. Customers at 13 stores in Westfield’s pair of giant London shopping centers will be given the option to pay in installments through Clearpay, which is known as Afterpay outside Europe. It adds to Clearpay’s UK ...