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

Bloomberg Volkswagen AG and Ford Motor Co. are set for more competition in the race to roll out self-driving vehicles as parts supplier ZF Friedrichshafen AG develops its own offering in the latest sign of how technology shifts are upending traditional roles in the auto industry. ZF plans to invest $14 billion over the next five years on electric and ...

Bloomberg Toyota Motor Corp. agreed to add Android Auto to its vehicles, according to a person familiar with the matter, ending years of resistance to the Google infotainment software due to safety and security concerns. For the first time, Toyota will allow Android Auto devices to connect directly to its cars, after announcing compatibility with Apple Inc.’s CarPlay in January. ...

Bloomberg Car-industry employees concerned that robots will put them out of work needn’t worry — at least for now. Of the 13 publicly traded automakers with at least 100,000 workers at the end of their most-recent fiscal year, 11 had more staff compared with year-end 2013, according to data compiled by Bloomberg. Combined, they had 3.1 million employees, or 11 ...

Bloomberg Serial airline entrepreneur David Neeleman is determined to make his next carrier stand out in a market where rivals large and small shoehorn budget-minded travellers into cramped cabins. His proposed low-cost airline, with the working name Moxy, plans to offer passengers novel ways to customise their experience: from legroom to food to price. The founder of JetBlue Airways Corp. ...

Bloomberg American Airlines Group Inc. became the last of the three largest US carriers to boost its fee for a first- or second- checked bag by $5. The change, effective for tickets purchased starting from September 21, puts the charge for a first bag at $30 and $40 for a second. United Continental Holdings Inc. and Delta Air Lines Inc. ...

Bloomberg UK suitmaker Moss Bros Group Plc is the latest retailer to wilt over the hot summer, warning that lower-than-expected store visits mean full-year profit will be “materially lower” than expected. The shares fell as much as 29 percent to a seven-year low after the company said like-for-like retail sales were down 6.9 percent in the first half. Full-year earnings ...

Bloomberg If Amazon.com Inc. proceeds with a plan to open 3,000 cashierless stores by 2021, it could cost as much as $3 billion, according to analysts at Morgan Stanley, but also signal a bigger push by one of the world’s largest companies into the grocery business. The e-commerce giant is taking a close look at the future of its AmazonGo ...

ABU DHABI / WAM Abu Dhabi has been named the safest city in the world for the second year running by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide. Surpassing more than 300 cities across the world, including Tokyo, Basel, Munich, and Vienna, the UAE’s capital has once ...

ABU DHABI / WAM Al Hilal Bank, rated A2 by Moody’s and A+ by Fitch successfully closed a $500 million five-year Senior Sukuk. The transaction, under Al Hilal Bank’s new management team, marks the first Senior Public Sukuk from the UAE since April 2018, and re-opens the Capital markets for GCC issuers. Al Hilal Bank was last in the market ...

SHARJAH / WAM Gulftainer, a privately-owned independent port operator and logistics company based in Sharjah, has finalised a 50-year concession with the State of Delaware in the USA to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach. The agreement, signed by Gulftainer’s subsidiary GT USA, will see an expected investment of up to ...