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

Bloomberg HNA Group Co. held preliminary talks to sell its core airline assets to one of China’s top state-run carriers, people familiar with the matter said, a sign little has been off the table as the sprawling conglomerate seeks to pay down its hefty debt load. The talks, which haven’t been previously reported, started late last year, the people said, ...

Bloomberg One year after Ryanair Holdings Plc Chief Executive Officer Michael O’Leary shocked the airline industry with his decision to finally recognise trade unions, the two sides can’t agree on how much progress has been made in their talks. The Irish budget carrier’s CEO has opened talks with employees in all major markets. That’s led to collective labour agreements with ...

Bloomberg Grupo Aeromexico SAB is investigating whether a drone slammed into a Boeing Co. 737 jetliner as the aircraft approached its destination in Tijuana, Mexico, on the US border. Images on local media showed considerable damage to the nose of the 737-800, which was operating as Flight 773 from Guadalajara. In a cabin recording, crew members can be heard saying ...

Bloomberg LVMH is betting $2.6 billion that consumers who spend $1,000 on a Louis Vuitton bag will splash out for a $2,000-a-night hotel on Italy’s Amalfi Coast. The French luxury giant agreed to buy Belmond Ltd., owner of New York’s ‘21’ Club and high-end resorts around the world. The transaction is LVMH’s largest since taking full control of Christian Dior ...

Bloomberg A majority of the UK cabinet considers Prime Minister Theresa May’s Brexit deal to be dead and three factions are discussing other options, including a second referendum, The Times reported. The rival groups plan to make opposing demands to May at a meeting next week, the newspaper said, without saying how it got the information. One group — Works ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) has signed a joint venture agreement with Sial Middle East, to work together to grow and develop the Sial Middle East event at the Abu Dhabi National Exhibition Centre through 2021. The strategic agreement enables Adnec to further promote Abu Dhabi as the region’s leading mice hub in international markets ...

Umm Al Quwain / Emirates Business Omar Sultan Al Olama, Minister of State for Artificial Intelligence (AI), stressed that data is the real wealth of future governments, and its main tools to develop the next generation of government services through the establishment of an effective system to exchange data at the level of federal and local entities in the UAE. ...

ABU DHABI / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, on Saturday announced the completion of a five-day simulation training initiative for its upcoming project, the National Export Programme (NEP). Aiming to bolster efforts to shape a diversified and sustainable national economy, the programme will contribute to enhancing the ability of ...

Dubai / Emirates Business Engineering Contracting Company LLC (ECC) re-affirmed its position as one of the most established and diverse contracting companies in the region with significant progress achieved in the construction of Rawda and UNA, two residential communities launched by Nshama in Town Square Dubai. ECC commenced work on Rawda residences in February 2018 and is currently 43% complete, ...

Dubai / Emirates Business Union National Bank (UNB), won the Global Performance Excellence Award 2018 from Asia Pacific Quality Organisation. This award has been created to recognise organisations, teams, and individuals as role models for demonstrating a commendable performance of business excellence contributing to the success of their businesses’ activities. Mohammad Nasr Abdeen, UNB Group CEO, received the renowned award ...