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

Bloomberg Boeing Co.’s 737 Max could be cleared to fly by early February in Canada as regulators work with their counterparts in the US and Europe to re-certify the grounded jet, according to head of Canada’s second-biggest airline. Regulators are on track to lift the flying ban worldwide early in 2020, Ed Sims, chief executive officer of WestJet Airlines Ltd., ...

Bloomberg Hudson’s Bay Co. Chairman Richard Baker’s plans to take the Canadian retailer private were dealt a setback as a prominent shareholder advisory firm came out against the deal. Institutional Shareholder Services Inc. urged investors to vote against Baker and his partners’ plans to take the owner of Saks Fifth Avenue private for C$1.9 billion ($1.4 billion). The advisory firm ...

Bloomberg Tesco Plc analysts see the potential for a special dividend after the UK supermarket chain confirmed it’s carrying out a strategic review of its operations in Thailand and Malaysia. The Asian assets could be worth as much as 9.5 billion pounds, which would hypothetically equate to a special dividend of up to 100 pence a share when adjusting for ...

Bloomberg The unexpected drop in China’s exports in November shows one reason why the nation wants to agree on a phase one trade deal as US tariffs are hurting China’s exports at a time when global demand is already weak. Total exports in November dropped 1.1% from a year ago, and to the US they were down 23%, the customs ...

RIYADH / WAM A UAE delegation led by Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance has participated in the G20 Finance Ministers’ and Central Bank Governors’ meeting in Riyadh, Saudi Arabia. This is the second meeting held in Riyadh after the G20 ‘Sherpa’ meeting, part of the 124 G20 meetings to take place during the Kingdom’s presidency ...

Bloomberg Saudi Arabia’s main equity index advanced the most in more than a year after the pricing of Saudi Aramco’s initial public offering and amid hopes of higher oil prices. The Tadawul All Share Index rose 2.4%, the most for a session since October 2018. The kingdom raised $25.6 billion from the world’s biggest IPO after selling shares at 32 ...

SHARJAH / WAM Air Arabia won another recognition, winning ‘Best Low-Cost Airline’ in Middle East and Africa at AirlineRatings.com Airline Excellence Awards. Judged by seven editors with vast industry experience and evaluate against 12 criterial including fleet age, passenger reviews, profitability, investment rating, product offerings and staff relations, the honour further underlines Air Arabia’s credentials as the first choice for ...

Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has affirmed that the Year of Tolerance, with all its initiatives and activities, would be pursued since it is an intrinsic part of Emirati heritage established by the Founding Fathers of the ...

Sharjah / WAM Inclusive and equitable economic growth can only be possible with the economic empowerment of women, HH Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of the Nama Women Advancement Establishment and wife of HH the Ruler of Sharjah, stated, ahead of the upcoming Women’s Economic Empowerment Global Summit (WEEGS 2019), in Sharjah. Ensuring the full participation of women ...

Abu Dhabi / AM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), said that the ERC has carried out a winter aid campaign valued at AED15 million. The winter aid campaign has assisted one million individuals across Jordan, Iraq, Egypt, Lebanon and Greece. According to Sheikh Hamdan, ...