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 His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today met with His Majesty King Hamad bin Isa Al Khalifa of Bahrain at his residence in Abu Dhabi. His Highness welcomed His Majesty King Hamad bin Isa Al Khalifa to the UAE and underscored the ...

BLOOMBERG Two out-of-production Airbus SE and Boeing Co jet series have become hot commodities, with plane values and monthly lease rates soaring for airlines fortunate enough to procure the aircraft. Used Boeing 737NG and Airbus A320ceo single-aisle models are now valued at about $20 million or more, according to analysts at Ishka, which specialies in aircraft pricing and valuation. The ...

BLOOMBERG Canada Goose Holdings Inc shares plummeted to a record low again in a row as economic and consumer pressures prompted a pair of analyst downgrades. The parka retailer’s stock fell 4.4% to close at $12.16, recovering some of its losses after sinking as much as 9.8% intraday following downgrades from Wells Fargo & Company and TD Cowen. The analysts ...

BLOOMBERG American Airlines Group Inc topped Wall Street’s expectations for third-quarter profit even as its forecast for the rest of the year fell short, underscoring the choppy environment as carriers are battered by climbing jet fuel prices. Adjusted full-year earnings will be between $2.25 and $2.50 a share, compared with its earlier outlook for as much as $3.75, American said ...

BLOOMBERG L’Oreal SA shares fell after the cosmetics maker reported weaker-than-expected sales growth, hurt by a challenging travel retail market in China and Korea. Like-for-like sales rose 11.1% in the third quarter, the French company said, below analysts’ estimates. Sales in the North Asia region unexpectedly tumbled 4.8%. “North Asia continued to be impacted by the reset in travel retail ...

BLOOMBERG Hong Kong-based Greater Bay Airlines Co plans to expand its route network into mainland China next year, belatedly entering an essential market after the country remained off limits during the Covid pandemic. The carrier, a new entrant to an Asian hub dominated by Cathay Pacific Airways Ltd, will first fly to Shanghai and Beijing, and then gradually to cities ...

DUBAI/ GULF TIME Microsoft offered a glimpse into the AI-powered future of cities and workplaces at GITEX Global 2023. Under the show’s theme “The Year to Imagine AI in Everything,” Microsoft’s demonstrated how AI will revolutionize the way we live and work. Participating alongside 32 of its partners, Microsoft showcased the latest AI solutions and services designed to transform the ...

DUBAI/ GULF TIME iCubesWire, a leading global Ad Tech Platform with full-fledged Content Production and Influencer Marketing capabilities, has bagged the Influencer Marketing mandate for Himalaya, the multinational wellness and personal care brand. This strategic partnership aims to elevate brand awareness and customer engagement in the booming markets of the Middle Eastern markets. In the thriving markets of the Middle ...

BLOOMBERG Global bond markets rebounded, with the US 10-year yield sliding to 4.8%, amid growing speculation that the recent selloff was excessive. Nasdaq 100 index futures rose ahead of earnings from Microsoft Corp and Alphabet Inc. Treasury 10-year yields slipped as much as five basis points to a one-week low after reaching the highest since 2007. Europe’s Stoxx 600 index ...

BLOOMBERG Bitcoin extended a rally fuelled by expectations of fresh demand from exchange-traded funds, reaching the highest price since May last year. The largest digital asset rose as much as 11.5% to top $35,000 before paring some of the gain to trade at $33,918 in London on Tuesday, taking its year-to-date rebound from 2022’s digital-asset rout to 105%. The possible ...