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

Bloomberg EasyJet Plc has partnered with Virgin Atlantic Airways Ltd. for connections at its London Gatwick base, giving passengers on mainland Europe easy access to routes across the Atlantic. Connecting with Virgin flights will open up destinations including Las Vegas, Orlando, Antigua and St. Lucia, the carriers said in a joint statement. Similar agreements are already in place with the ...

Bloomberg Jeff Bezos scored a public-relations victory by giving his workers a raise, even drawing praise from Amazon.com Inc. scold Bernie Sanders. But at its root, the $15-an-hour minimum pay is an incentive for people to come work for Amazon — rather than Walmart or Target — as the retail industry gears up for the holiday shopping season amid historically ...

Dubai / Emirates Business­­­­­ Following the launch of new smartphones from leading brands, Jumbo Electronics, the leading omnichannel retailer in the region, is forecasting that smartphones will drive sales at this year’s edition of Gitex Shopper, scheduled to be held till October 6 at Dubai World Trade Centre (DWTC). During the five-day event, the new iPhone XS/XS Max, Samsung Note ...

Bloomberg JC Penney Co named Jill Soltau as its first female chief executive officer, bringing her 30 years of retail experience to the embattled department-store chain. Soltau, who has served as CEO of Joann Stores since 2015, will step into the role on October 15, JC Penney said in a statement. Shares of the retailer surged as much as 12 ...

Bloomberg Oil traded near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to replace falling exports from Iran. Futures rose 0.2 percent in New York after closing at the highest since November 2014. Iranian crude and condensate exports declined to their lowest in 2 1/2 years before the impending return of US sanctions. ...

DUBAI / WAM Emirates NBD announced the introduction of Friday banking at three of its mall branches — Dubai Mall, Mall of the Emirates, and Mirdif City Centre. Customers now have the flexibility to conduct banking at their own convenience, with these bra-nches now open on Friday between 3 and 9pm. The new Friday hours will enable customers to open ...

Dubai / Emirates Business An emergency cash funding platform has been launched by two Dubai-based finance entrepreneurs aimed at helping UAE consumers to avoid entering a debilitating debt spiral by facilitating access to short term cash. A new Online Service called BuyBackBazaar enables access to instant cash to customers who sell their possessions such as a phone or laptop and ...

Dubai / Emirates Business­­­­­ In another major step towards positioning the UAE and Dubai as a hub for east-west trade global trade enabler DP World has announced plans to build ‘The Belt and Road’ Dubai Station in partnership with Zhejiang Provincial Seaport Investment & Operation Group Co., Ltd (ZPG). The Belt and Road Station will integrate logistics, warehousing, e-commerce, circulation ...

Dubai / WAM The Commercial Compliance and Consumer Protection (CCCP) sector in the Department of Economic Development (DED) has announced the launch of the second edition of its ‘IP Gateway’ for filing complaints relating to trademark infringements in a smart application format. The portal-to-app move marks a quantum leap in DED’s intellectual property (IP) related services as receiving complaints and ...

Dubai / Emirates Business­­­­­ The Emirates A380 aircraft made a historic touch down at the Kotoka International Airport’s Terminal 3, as a one-off service to the new terminal. The airline’s flagship double-decker has become the first-ever scheduled A380 service to Ghana, demonstrating the airport’s readiness to accommodate the A380, the world’s largest commercial passenger jet. The special Emirates A380 flight ...