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. has little to show for its efforts to improve on-time performance. In the year gone by, through October, the airline’s on-time arrival rate of 70 percent trails the industry average of 79 percent, according to the US Transportation Department. That puts the carrier on track for its worst showing since 2007. Flight delays threaten two of ...

Bloomberg EasyJet Plc Chief Executive Officer Johan Lundgren laid out plans to serve 13 percent more passengers, widen links with other airlines and help pioneer testing of a hybrid-power plane in his first year of leading the discount carrier. Lundgren, who succeeded Carolyn McCall as CEO on December 1, 2017, said EasyJet will carry about 90 million travellers in 2018, ...

Bloomberg Shares of Steinhoff International Holdings NV rose after the South African retail giant said it will restate financial results going back as far as 2015 amid a probe into accounting irregularities. The stock jumped 27 percent to 5.90 rand by 9:56 am in Johannesburg, the most on an intraday basis since December 12, 2017. Shares in Steinhoff, whose retail ...

Bloomberg US airlines are wagering that American tourists will keep flocking to Cancun despite rising violence in Mexico and a warning from the State Department. Southwest Airlines Co., Spirit Airlines Inc. and Delta Air Lines Inc. are adding flights to the resort. United Continental Holdings Inc. is using one of its biggest jets once a week to ply the Chicago-Cancun ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the 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, met over a lunch banquet in Dubai marking the advent of the new year, ...

ABU DHABI / WAM The concerns emanating from the application of the Value-Added Tax (VAT) are overrated, as its impact on the country’s business sector will be in the minimal and will rather generate myriad benefits for the economy, according to a senior official at the Department of Economic Development (DED) — Abu Dhabi. “The application of VAT effective January ...

Astana / WAM The Ministry of Defence of Kazakhstan honoured Dr Mohammed Ahmed bin Sultan Al Jaber, UAE Ambassador to Kazakhstan. Talgat Mukhtarov, Deputy Minister of Defence of Kazakhstan, honoured Ambassador Al Jaber by giving him the Medal of Contribution to Strengthening International Co-operation for his ongoing efforts to develop and strengthen the overall co-operation between their two countries, especially ...

ABU DHABI / Emirates Business At the stroke of midnight, fireworks set ablaze Abu Dhabi’s skyline, ringing in the New Year with tens of thousands of gathered onlookers across the capital. Accompanied by incredible pyrotechnic effects, the fifteen-minute fireworks display at the New Year’s Eve Countdown Village mesmerised the crowd as they joined in the festivities at the specially designed ...

Sharjah / Emirates Business In keeping with its commitment to providing Sharjah’s residents and visitors with a joyful environment, Al Qasba — Sharjah’s premier tourist, leisure and family destination — lit up the sky on Sunday in celebration of the New Year. The spectacular illuminations from the fireworks were reflected on the venue’s facilities and water canal, as well as ...

Sharjah / Emirates Business Sajaya Young Ladies of Sharjah, a subsidiary of the Rubu’ Qarn Foundation for Creating Leaders and Innovators, is participating at the 6th Dhawahi festival (District Festival 6), which takes place from January 1-4 at Al Nouf Park, Sharjah. Organised by the Department of Suburbs and Villages Affairs, the four-day event is being held in line with ...