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

Bloomberg Debenhams Plc is in talks with landlords to negotiate rent cuts as the UK department-store chain seeks to ease the burden of its store portfolio, FT reported, citing unidentified people familiar with the matter. British Land Co and Intu Properties Plc have the largest exposure to the retailer, the newspaper reported, citing data from Colliers International. FT said Debenhams ...

Bloomberg Travellers may see longer wait times at US security checkpoints — particularly at New York area airports and major hubs like Chicago — due to fewer TSA agents reporting for work as the government shutdown stretches into its 30th day. Unscheduled absences for TSA employees climbed to 8 percent on Saturday versus 3 percent a year ago, with some ...

Bloomberg You walk into a shiny, new two-floor Sears store in a buzzing, bright shopping center in one of the world’s busiest cities, passing designer garb encased in pink LED lighting while the scent of Bulgari and Cartier perfume wafts past. Shoppers browse for XOXO handbags and Levi’s 501 jeans under large chandeliers and golden baroque flourishes. Sears stores here ...

ABU DHABI / WAM The World Future Energy Summit (WFES) 2019, a key enabler of Abu Dhabi Sustainability Week, has facilitated deals valued at $10.5 billion to be implemented across 20 countries during its four-day run at the Abu Dhabi National Exhibition Centre. The event saw a consortium led by Masdar and France’s EDF win a tender to build a ...

DUBAI / WAM The UAE 2nd Customs Week began on Sunday under the theme ‘smart borders’, to help educate all segments of society and encourage them support customs activities and role in society and the national economy. Ahmed Mahboob Musabih, Director of Dubai Customs, said, “It’s very important to help everyone learn about essential role customs departments in UAE play ...

Dubai / WAM Etisalat Digital has entered into a strategic partnership with the Federal Electricity and Water Authority (Fewa), to provide them with ‘Etisalat Direct’. This bespoke solution is hosted and powered by Etisalat’s UAE based OneCloud and is a fully managed application that enables FEWA to connect with their customers more effectively. Etisalat Direct allows application to send messages ...

Dubai / WAM Dubai Investments Park (DIP), the wholly owned subsidiary of Dubai Investments, announced that total built-up warehouse, office and commercial unit space sub-leased at Dubai Investments Park, passed the 5 million sqft mark in 2018. Among the tenants are Kingspan Insulation, the sustainable building solutions provider behind major Middle East projects, including the Louvre Abu Dhabi, Atlantis The ...

DUBAI / Emirates Business Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of 250 outlets spread across ten countries launched two new stores in UAE. Bollywood actor Anil Kapoor inaugurated the new showroom in Grand Mall, Sharjah and Grand Hypermarket, Jebel Ali, Dubai in presence of Shamlal Ahamed, Managing Director – International ...

ABU DHABI / WAM Over 250 top hotel owners, developers and operators from the Gulf, East Africa, Indian Ocean islands, Association of Southeast Asian Nations region and Australia will gather at the Gulf and Indian Ocean Hotel Investors’ Summit (GIOHIS), which will be held in Abu Dhabi, from February 4-5. The Summit will discuss the most pressing issues in the ...

ABU DHABI / WAM The inaugural UAE-Syria Private Sector Forum was launched on Sunday in the nation’s capital, Abu Dhabi. Organised by the UAE Federation of the Chambers of Commerce and Industry (FCCI), in cooperation with the Abu Dhabi Chamber of Commerce and Industry (ADCCI), the forum saw discussions taking place to enhance potential investment and commercial ties between UAE ...