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

Bloomberg ANA Holdings Inc., Japan’s largest airline, will cancel 113 domestic flights for mandatory checks to help assess possible glitches in the Rolls-Royce Holdings Plc engines powering its Boeing Co. 787 Dreamliners. The flights will be cancelled from July 6-12, the Tokyo-based carrier said in a statement on Wednesday. ANA is assessing whether more flights need to be scrapped beyond ...

Bloomberg Asiana Airlines Inc., South Korea’s second-biggest carrier, said its struggle to provide in-flight meals to passengers departing Seoul continued for a fourth day after a caterer was unable to deliver the food on time. About seven out of 79 flights were expected to depart on Wednesday from Incheon airport, which serves Seoul, without any food for passengers, a spokesman ...

Bloomberg Supervalu Inc. and other supermarket and restaurant chains alleged that chicken producers conspired to limit supplies and inflate prices, adding to antitrust lawsuits against companies including Tyson Foods Inc. and Pilgrim’s Pride Corp. Closely held grocery chains Publix Super Markets Inc., Wakfern Food Corp., Associated Grocers of the South Inc. and Meijer Inc., along with OSI Restaurant Partners LLC, ...

Bloomberg J Sainsbury Plc showed why it’s so eager to lead a consolidation push among the UK’s grocers. Excluding fuel, Sainsbury’s comparable retail sales rose 0.2 percent in the 16 weeks through June 30, the London-based company said. That met the average analyst estimate but marked the slowest growth since the company acquired catalog retailer Argos in 2016. “The slowdown ...

DUBAI / Emirates Business The UAE GDP is expected to accelerate to 2.6% growth in 2018 and to around 3.8% in 2019. The growth will be primarily driven by recovering oil prices, an expansionary fiscal stance at the federal and emirate levels, a buoyant trade and tourism environment and a pick-up in investment ahead of Expo 2020 in Dubai, according ...

RIYADH / WAM The Saudi-led Arab Coalition to Restore Legitimacy in Yemen has expressed its rejection of a report issued by the UN Secretary-General Antonio Guterres, saying it contains inaccurate data on children who lost their lives in the armed conflict in Yemen. Colonel Turki Al Malki, the Coalition’s official spokesperson, said that the report included false, baseless infor- mation ...

Agencies Abu Dhabi National Oil Company (Adnoc) said it’s ready to increase oil output in line with guidance set by OPEC and allied producers, echoing comments by Saudi Arabia that it will boost supply to meet demand. The oil giant confirmed on Tuesday that it currently has an oil production capacity of around 3.3 million bpd, and remains on track ...

NEW YORK / WAM At a critical United Nations General Assembly meeting, the UAE reaffirmed its shared commitment to the “Responsibility to Protect.” “With the passing of time, historical memory of atrocities and crimes against humanity fades – and the significance of ‘never again’ wanes. However, we must not forget the events, actions, and inaction that led to such atrocities, ...

ABU DHABI / WAM The Department of Transport (DoT), in Abu Dhabi has announced that it will fully implement Mawaqif parking in all areas in Abu Dhabi Island by August 18. The Department called upon all vehicle owners to cooperate and apply for resident parking permits before the implementation date to avoid violations. DoT said that this step comes in ...

Dubai / WAM Dubai FDI, the investment development agency of Dubai Department of Economic Development (DED), signed a Memorandum of Understanding (MoU), with VFS Global, one of the leading specialists on visa processing, identity and citizen services with presence across 139 countries to facilitate administrative processing requirements of investors, including visa and other documentation services. The partnership with VFS Global ...