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 A third Emirati aircraft carrying aid from the Emirates Red Crescent (ERC) arrived in Khartoum to rescue people affected by the floods that hit many Sudanese states, as part of the current Emirati humanitarian aid programme aimed at reducing the effects of the floods. The aircraft carried medicines, medical equipment, food and shelter materials, which will ...

DUBAI / WAM DP World, the leading global provider of smart end-to-end logistics solutions, and Dubai Customs will be exploring opportunities to develop trade links between Israel and the UAE, following the signing of a series of memorandums of understanding. Group Chairman and CEO of DP World Sultan Ahmed bin Sulayem signed MoUs with DoverTower, a company owned by Shlomi ...

Abu Dhabi / WAM Saqr Ghobash, Speaker of Federal National Council(FNC) has affirmed that the UAE- Israel Peace Accord is a historic step towards reviving the process of peace in the Middle East, and will guarantee the region’s security and stability. In a statement issued by the Council Ghobash said, “FNC stresses that the accord reflects the never-changing principles of ...

Dubai / WAM Dubai Investment Development Agency (Dubai FDI) an agency of Dubai Economy, is working closely with investors with the aim of enhancing the absorptive capacity of new quality investments that keep pace with global market trends and support sustainable economic growth in the emirate, said Fahad Al Gergawi, CEO of Dubai FDI and President of the World Association ...

North Carolina Democratic Senate candidate Cal Cunningham said during a debate that he would be “hesitant” to take a coronavirus vaccine if it’s rolled out in the next few months. “I’m going to ask a lot of questions,” he said. “I think that’s incumbent on all of us right now with the way we’ve seen politics intervening in Washington.” Cunningham ...

The pandemic and its economic fallout are going to make it exceedingly difficult for retailers to have a merry Christmas. The industry is expected to see an uptick in seasonal sales of a measly 1% to 1.5%, according to a forecast released by Deloitte, which would be well below the 4.1% increase the industry recorded last year. New shopping patterns ...

The euro region has taken several steps to centralise banking regulation and supervision, but there is little sign that lenders are interested in seeking to merge beyond national borders. Two recent deals — one has been proposed in Spain, the other occurred in Italy — show that, for all the good intentions, Europe’s “banking union” remains incomplete. The European Central ...

There was no puff of white smoke, but Japan has a new Prime Minister. Yoshihide Suga, who was Chief Cabinet Secretary under Prime Minster Shinzo Abe, won an overwhelming victory in an internal contest within the long-dominant Liberal Democratic Party. Widely considered to have been one of the chief architects of Abenomics, Suga is likely to keep the government’s focus ...

Bloomberg Deutsche Lufthansa AG is preparing for more drastic cutbacks in its global workforce and airline fleet than it previously planned, after a hoped-for recovery of air traffic fizzled out. Recent rules that forced travellers into quarantine have had a catastrophic effect on bookings, Chief Executive Officer Carsten Spohr told staff at a meeting, according to people in attendance. For ...

Bloomberg Qantas Airways Ltd is considering shifting its headquarters from Sydney in an effort to cut costs as the pandemic forces it to scale down operations. The carrier announced a three-month review of its property footprint across the country, and said it was seeking to trim its annual A$40 million ($29 million) bill for rented office space. Qantas appointed Colliers ...