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

Bloomberg South African Airways will begin a direct service from Johannesburg to Guangzhou in September, looking to expand its business with China. The new route will have three flights a week and the schedule was expected to be published on Monday, the airline said. The carrier is aiming to attract business passengers, including corporate clients and traders, it said. “Adding ...

Bloomberg Adidas AG shares soared to a record as the German sportswear giant tapped the marketing power of soccer star Lionel Messi and celebrities like Kanye West to boost sales in China, extending its half-decade hot streak. The German sports apparel maker benefited from double-digit growth in the Asian nation in the first quarter, compensating for weakness in Europe and ...

DUBAI / Emirates Business Emaar Properties achieved one of the highest quarterly property sales in Dubai during the first quarter (January to March) of 2019 recording an increase of 53 percent to AED5.979 billion ($1.628 billion) compared to the Q1 2018 sales of AED3.906 billion ($1.063 billion). The sales to international customers more than doubled in Q1 2019 to AED2.645 ...

Sharjah / Emirates Business Air Arabia on Sunday reported strong financial results for the first quarter (January to March) 2019 as the Middle East & North Africa’s first and largest low-cost carrier continued to deliver solid commercial and operational results. Air Arabia reported a net profit of AED128 million for the three months ending March 31, 2019, a 16 percent ...

ABU DHABI / WAM Etihad Airways will boost its services from Abu Dhabi to London Heathrow during the busy summer period. The additional flights will be operated by a Boeing 787-9 Dreamliner, supplementing the current three daily all-Airbus A380 services between both capital cities. Between May 26 and June 22, four daily flights will be operated on the route, increasing ...

Bloomberg Tariffs on $200 billion of Chinese imports will increase to 25 percent from 10 percent on Friday, and another $325 billion in goods will “shortly” be subject to tariffs, President Donald Trump said on Sunday, in a warning to China as what could be a closing round of talks for a trade deal are set to start in Washington ...

ABU DHABI / WAM The value of non-oil foreign merchandise trade through Abu Dhabi ports increased 11.5 percent from AED32.1 billion in January to February 2018 to AED35.8 billion in the same period of 2019. This was the result of a 47.0 percent increase in re-exports from AED 6.0 billion to AED 8.8 billion and 5.6 percent increase in imports, ...

ABU DHABI / WAM The UAE’s moon sighting committee on Sunday announced that Monday, May 6, will be the first day of the Holy Month of Ramadan. President HH Sheikh Khalifa bin Zayed Al Nahyan, has sent cables of congratulations on the advent of the holy month of Ramadan to Kings, Presidents and Emirs of the Arab and Islamic countries. ...

DUBAI / WAM The UAE’s drive to ensure food security for its citizens was highlighted in the USA, when Mariam Hareb Almheiri, Minister of State for Food Security, visited the states of California and Arizona. Accompanied by Yousef Al Otaiba, UAE Ambassador to the United States, the trip formed part of the minister’s agenda to find out more about international ...

ADEN / WAM The UAE has launched its Ramadan campaign in Yemen, which will include a package of charity and humanitarian initiatives that will benefit over 2.5 million people, including 1.5 million children and 500,000 women. The Director of UAE Humanitarian Operations in Yemen said that the campaign is the latest in a series of charity, humanitarian and development initiatives ...