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

LONDON / Reuters Major global central banks are ramping up purchases of euro zone government bonds, banking sources say, enticed by rising yields, a buoyant single currency and an uncertain outlook for US debt and the dollar. Data shows central banks bought significant chunks of debt issued by Belgium, France and state-backed German development bank KfW in bond syndications last ...

Bloomberg EasyJet Plc, Air France-KLM Group and Cerberus Capital Management have made a joint approach to the Italian airline Alitalia SpA about a possible takeover, said a person familiar with the matter, betting the unprofitable carrier will provide a gateway to expansion in the Mediterranean market. EasyJet, Europe’s second-biggest low-cost airline, said it has submitted a “revised expression of interest ...

LONDON / Reuters Airbus wants Britain to provide more clarity over the country’s future relationship with the EU, or risk losing investment, the European planemaker’s CEO said. “We must have more clarity on the UK’s long-term relationships, not just for the next 20 months,” CEO Tom Enders said in an opinion piece in the Financial Times. “Britain must recognise that ...

Bloomberg Canada’s biggest printer says its latest deal opens the door to making Amazon.com Inc. a customer as the online retail giant tries to break into the fresh-food delivery business. Transcontinental Inc.’s proposed $1.32 billion purchase of Coveris Americas will bring on board several food suppliers that rely on Coveris for packaging, Chief Executive Officer Francois Olivier said. Several of ...

Bloomberg Eurocontrol, an air traffic agency in Europe, asked airlines to apply caution on flights to the eastern Mediterranean region because of possible air strikes in Syria over the next 72 hours. “Due consideration needs to be taken when planning flight operations in the Eastern Mediterranean,” the agency said in a statement posted on its website citing the European Aviation ...

SINGAPORE / Reuters Malaysia Airlines has indicated that it may be interested in buying 20-30 widebody jets from either Boeing Co or Airbus SE, a source with knowledge of the matter said. Such a deal could either expand or replace a previous non-binding agreement with Boeing that was reached during a high-profile US visit by the country’s prime minister in ...

Cairo / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and President of Egypt Abdel Fattah el-Sisi, discussed the fraternal relations between the two countries and ways to enhance them as well as the overall regional and international issues of mutual interest. This came when ...

Sharjah / WAM The Sharjah FDI Office, Invest in Sharjah, the investment promotion arm of the Sharjah government has unveiled that the emirate’s performance in attracting foreign direct investment (FDI), in various economic sectors, which has seen a sharp increase of 102 percent between 2016 and 2017, with FDI inflows worth AED5.97 billion last year as compared to AED920 million ...

Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has welcomed the UAE Cabinet’s new Law on Equal Wages and Salaries for Men and Women to ensure that women have equal opportunities as partners in UAE’s development. ...

Abu Dhabi / WAM The Founder’s Memorial, a permanent national tribute commemorating the late Sheikh Zayed bin Sultan Al Nahyan, is set to welcome the public from Sunday, April 22. Established to celebrate Sheikh Zayed’s visionary leadership and vast influence on his country and the wider world, The Founder’s Memorial invites visitors to embark on a journey of discovery into ...