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

Bloomberg JetBlue Airways Corp. got a great deal on its latest aircraft purchase from Airbus SE, according to Moody’s Investors Service. The carrier will probably pay $1.4 billion to $1.7 billion for 60 Airbus A220-300 jets, or between $23 million and $28 million per plane, Moody’s analyst Jonathan Root said in a report, citing estimates by appraisers and price breaks ...

Bloomberg Burberry Group Plc is still waiting for new leadership to revive the brand, as it trails rival luxury-goods makers in the all-important Chinese market. The shares fell as investors were disappointed by the British fashion brand’s latest quarterly sales in Asia, which MainFirst analyst John Guy called “actually pretty poor” in light of surging demand for luxury products in ...

Bloomberg Manhattan’s Fifth Avenue is known as the address of luxury retailers Bergdorf Goodman, Harry Winston and Tiffany & Co. Now value retailer Five Below Inc. is setting up shop. As part of its 2018 store expansion efforts, the retailer known for its $5 deals is planning to open its first Manhattan storefront, two blocks north of Bryant Park. The ...

AGENCIES The UAE intends to invest as much as $10 billion in South Africa’s economy, with a focus on key sectors such as tourism and mining among others, to support the sustainable development of the country. The commitment was made during the first state visit by South African President Cyril Ramaphosa to the Middle Eastern nation, the Presidency said in ...

ABU DHABI / WAM The Cabinet Decision to implement a system that returns Value Added Tax (VAT) to tourists will cement the UAE’s status as a premier global tourist destination, asserted the Federal Tax Authority (FTA). In a press statement issued on Saturday, the authority explained that the Cabinet Decision has set clear standards branded with transparency and accuracy in ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have welcomed the milestone visit of President Xi Jinping of China, at the head of ...

ABU DHABI / WAM The heads of organising committees of the Aqdar World Summit have met to discuss preparations and agendas for the second summit, to be held from November 26-28, in Abu Dhabi, under the theme, “Role of Human Empowerment in Developing Stable Societies: Sustainable Development.” The meeting, chaired by Dr Abdullah Al Raisi, Chairman of the Scientific Committee ...

ABU DHABI / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) organised a media event in London for British travel and lifestyle journalists, to promote the emirate, boost media coverage in the UK market and to increase interest in press trips to the UAE capital. A presentation about Abu Dhabi’s offerings and latest news ...

Dubai / Emirates Business Dubai Land Department (DLD) announced a strategic partnership with Dubai Properties (DP), a member of Dubai Holding, to promote Dubai’s real estate sector. The agreement was signed by HE Sultan Butti bin Mejren, Director General of DLD, and Raed Al Nuaimi, Group Chief Executive Officer of Dubai Properties. Under the collaboration, Dubai Properties will support DLD’s ...

ABU DHABI / WAM The central operations room at the Abu Dhabi Police (ADP) GHQ received 1,450,594 calls during the first half of this year, through the emergency number 999. Colonel Nasser Sulaiman Al Maskari, Director of Operations, said that Abu Dhabi Police’s Command and Control Centre is fully ready and equipped with highly trained professionals and advanced communication systems ...