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

BLOOMBERG Alibaba Group Holding Ltd replaced one of its most experienced executives at the helm of e-commerce and plans to create a firm to oversee its investment assets around the world, the latest in a series of sweeping changes to roil the once-dominant Chinese online juggernaut. Chief Executive Officer Eddie Wu will replace Trudy Dai, one of an inner circle ...

DUBAI / GULF TIME The Coffee Club – Festive Menu Throughout December, customers can experience the joy and warmth of the season with an exclusive lineup of festive limited-time desserts and beverages available across all outlets in UAE. Whether you’re a coffee connoisseur or just love a flavourful sip, The Coffee Club’s Pumpkin Spice Latte, Gingernut Latte, Swiss Caramel Latte, ...

BLOOMBERG China has signed off on the first delivery of a Boeing Co 787 jet since April 2021, an indication strained US-China trade relations may be easing and a potential precursor to the more significant resumption of 737 Max deliveries. Juneyao Airlines Co, one of China’s largest privately run carriers, is poised to fly its newest 787 Dreamliner from North ...

BLOOMBERG Ryanair Holdings Plc won European Union (EU) court challenges against billions of euros of state aid for rival Air France-KLM, in the latest round of the Irish carrier’s campaign against allegedly unfair subsidies doled out during the Covid-19 pandemic. The EU’s General Court annulled the bloc’s formal approvals for the aid, saying regulators failed to vet the potential impact ...

SHARJAH / WAM The Sharjah Finance Department signed a memorandum of understanding (MoU) with the Federal Tax Authority (FTA) regarding the disclosure of information in the possession of the authority or its employees, determining the cases, in which it is permitted to disclose information and the associated procedures for monitoring, security, subsequent disclosure, and accuracy of information. Walid Al Sayegh, ...

BLOOMBERG Southwest Airlines Co pilots will vote next month on a proposed new contract that would boost pay 50% over the five-year term of the deal and could end a multiyear round of negotiations and protests at the four largest US carriers. The board of the Southwest Airlines Pilots Association decided to send the agreement to its roughly 11,000 pilots ...

BLOOMBERG Airbus SE and Boeing Co are rounding out the year with a flurry of major orders, smashing records in one of the most active purchasing periods in recent memory that stretches their production lines well into the next decade. Deutsche Lufthansa AG said it ordered as many as 200 short-haul aircraft from the two manufacturers, in a deal the ...

DUBAI / WAM The United States Mission to the UAE and Amideast UAE have announced the opening of the Fulbright Foreign Student Programme competition for 2025-2026 for Emirati students. For over 75 years, the Fulbright Programme has given hundreds of thousands of passionate and accomplished students, scholars, teachers, artists, and professionals of all backgrounds and fields the opportunity to study, ...

ABU DHABI / WAM Trends Research and Advisory signed a memorandum of cooperation and strategic partnership with Egypt State Information Service, affiliated with the Republic of Egypt Presidency. The agreement shall enhance cooperation in research and knowledge, support scientific exchange and promote research projects in various fields of common interest. It expands Trends’ outreach and develops strategic partnerships regionally and ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Joko Widodo, President of the Republic of Indonesia, held a phone call to discuss bilateral relations and ways to enhance ties, particularly in development areas, as part of the comprehensive economic partnership between the two countries. They also addressed several regional and international issues of ...