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 Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has met with António Guterres, Secretary-General of the United Nations (UN), on the sidelines of the 78th Session of the UN General Assembly in New York. The meeting discussed the partnership between the UAE and the UN and its organisations and programmes across various ...

NEW YORK / WAM The UAE government has published a detailed discussion paper that calls for a decisive and coordinated international response to the urgent threat of global water scarcity. Entitled ‘Ripple Effect Water Scarcity — The hidden threat to global security and prosperity’, the discussion paper examines global water scarcity and its main causes, highlights various implications of water ...

SHARJAH / WAM Kanaf, an interdisciplinary and multi-agency child protection centre affiliated with the Department of Child Safety in Sharjah, has initiated an intensive 300-hour training programme to enhance the capabilities and expertise of psychologists, social workers, investigators, and representatives of the project’s strategic partners in interviewing abused children. The training, which commenced in May and will continue throughout 2025, ...

BLOOMBERG Italy’s competition authority has opened a probe into Ryanair Holdings Plc’s market position in the country, further escalating tensions between the Irish budget carrier and Prime Minister Giorgia Meloni’s government. The authority is investigating Ryanair’s dominant positions in services for tourists, including car rentals and hotel bookings, which the watchdog alleges harm travel agencies and customers, according to a ...

BLOOMBERG Delivery Hero SE confirmed that it’s in talks to sell part of its business in Southeast Asia, where growth has stagnated since Covid-19 lockdowns eased.  The company is in negotiations to sell the Foodpanda brand in Singapore, Malaysia, Philippines, Thailand, Cambodia, Myanmar and Laos, Berlin-based Delivery Hero said in a statement. The negotiations are at an early stage and ...

BLOOMBERG American Airlines Group Inc joined a growing number of carriers around the globe that have discovered improperly certified replacement parts sold by a London-based company on their aircraft. American disclosed the finding to Bloomberg News, hours after US federal aviation regulators issued a warning to airlines and other aviation-industry companies. The carrier didn’t immediately identify the type of parts ...

BLOOMBERG Coty Inc raised its sales outlook for the current fiscal year, citing continued robust demand for higher-end fragrances. The maker of Burberry and Gucci fragrances now sees like-for-like sales growth of 8% to 10% in the fiscal year that started in July. That’s up from the 6% to 8% sales-growth forecast the company gave in August. Sales are expected ...

BLOOMBERG Lamborghini is capitalising on the demand for indulgence in South Korea, with sales of its iconic sport cars poised to surpass last year’s record. “The Korean market is developing really fast,”said Francesco Scardaoni, the regional director for Lamborghini’s Asia-Pacific business, at an event to mark the automaker’s 60th anniversary. During the four-day event in Gangnam, an affluent area of ...

BLOOMBERG This may sound familiar: Morgan Stanley analyst Adam Jonas makes an extraordinarily bullish call on the future of Tesla Inc and the shares go on a wild binge. It happened in 2015, and it’s happening again. The problem is investors fear we’re seeing a replay — because after eight years Jonas’ last call has yet to be proven correct. ...

BLOOMBERG Three years and nearly $1 billion later, Wells Fargo & Co is finally playing offense in one of Wall Street’s hottest battlegrounds: wealth management. The banking giant is trying to lure hundreds of independent advisers to join its platform as part of a larger push to expand the firm’s business catering to rich clients, according to Barry Sommers, who ...