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

Bloomberg Goldman Sachs Group Inc’s dealmakers celebrated one of their own rising to the top of the firm by delivering an unexpected boost to his first month. Wall Street’s top advisory franchise delivered in a quarter when most of its competitors were beset by a slowdown in completed merger transactions and underwhelming debt-underwriting activity. Goldman Sachs’s investment-banking group posted a ...

Bloomberg Morgan Stanley is a clear winner, posting its biggest share rally since February 2017, after reporting third-quarter results earlier, garnering near-universal approval from Wall Street analysts picking through its report. Goldman Sachs Group’s stock is gaining too, but just the most since September 19, while its earnings are getting more of a cold eye. Morgan Stanley is scoring the ...

Bloomberg United Continental Holdings Inc. boosted its 2018 profit outlook for the third time this year, overcoming higher oil prices as strong travel demand buoys a financial turnaround at the No. 3 US airline. Earnings will climb to at least $8 a share this year, United said in a statement, having previously predicted as little as $7.25. The carrier improved ...

Bloomberg Rising oil prices that have already wiped out two European airlines since September have claimed another victim: Britain’s biggest carrier on domestic routes lost more than one-third of its value on Wednesday as an escalating fuel bill coincides with weaker demand. Shares of Flybe Group Plc dropped as much as 38 percent as the Exeter, England-based company said “softening” ...

Bloomberg Asos Plc has posted stronger-than-estimated pretax profit as Britain’s largest online-only fashion retailer posted double-digit sa-les growth while some of its rivals in retail struggle with volatile weather and digital-first competition. The shares rose as much as 12 percent in London, the most in more than three years. Retailers like Asos that produce and sell their own labels continue ...

Bloomberg Walgreens Boots Alliance Inc Chief Executive Officer Stefano Pessina said it will be easier for his company to move online than it will be for Amazon.com Inc to copy its massive store network, predicting a long future for the pharmacy chain as it strikes new partnerships in health and retail. In a wide-ranging interview at Bloomberg’s headquarters in New ...

Bloomberg Walmart Inc is looking to create an online store that would sell other companies’ video services, according to people familiar with the talks, opening up a new front in its fight with Amazon.com Inc. The world’s largest retailer has approached several media companies about reselling their streaming services, according to the people, who asked not to be identified because ...

ABU DHABI / WAM Khalifa Ahmed Al Ali, Managing Director of the Food Security Centre, emphasised that the UAE has become a key point in providing food supplies to the region, while revealing that the country is 33rd in world food security rankings. In his statement to the Emirates News Agency (WAM), Al Ali said that World Food Day — ...

Abu Dhabi / Emirates Business The inaugural edition of the Abu Dhabi International Boat Show (ADIBS), hosted to be organised by Abu Dhabi National Exhibitions Company (Adnec), will kick off on Wednesday under the patronage of HH Sheikh Nahyan Bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation and ...

ABU DHABI / Emirates Business In a bid to elevate the standard of living in developing countries and eradicate global poverty, Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has highlighted its allocation of nearly AED11 billion ($2.99 billion) towards development projects in the education as well as healthcare sectors. In its report marking International ...