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

Bloomberg Best known as the maker of James Bond’s favourite car, Aston Martin is recalling more than 5,000 vehicles in the US because of a pair of problems. The Gaydon, England-based company, whose vehicles sell for more than $200,000, is recalling 3,493 DB9, DBS, Rapide, Virage and Vanquish vehicles made between 2009 and 2016 because of problems with the power ...

Bloomberg A European Union decision to treat Uber Technologies Inc. like a taxi company spotlights a trans-Atlantic divide over how governments cope with disruptive technologies and could embolden US cities to restrict the ride-sharing service. The EU Court of Justice ruled against Uber, which had argued it’s a technology platform connecting passengers with independent drivers, not a transportation company subject ...

Bloomberg Fiat Chrysler Automobiles NV will recall 1.48 million Ram pickups in the US on the risk that a faulty component on certain trucks could allow the vehicles to roll away inadvertently while in park, the company said. If a driver repeatedly sits in the truck with their foot on the brake for prolonged periods of time with the truck ...

Bloomberg Santa Claus was perched on his throne at the Bloomingdale’s in midtown Manhattan. It was slow, a weekday before the after-school rush, so he knew what to expect: grown-ups. “When it’s quiet,” Santa said, “you get more adults taking selfies.” Sure enough, minutes later a woman walked past the giant FAO Schwartz stuffed animals and caught his eye. “Can ...

Bloomberg Bitcoin rebounded along with most of the major cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated $500 billion market that’s frequently called a bubble. The double-digit bounceback was strongest with second-tier digital coins. Bitcoin cash soared 21 percent and litecoin gained 12 percent as cryptocurrency traders regained optimism. They weren’t put off by comments published ...

Reuters Gulf stock markets slipped on Sunday as trading volumes were mostly low because of the absence of many foreign investors for Christmas holidays. Egypt rose to a record high but volume was very low there too. The Saudi index fell 0.4 percent as telecommunications firm Zain Saudi lost 2.0 percent and rival Mobily dropped 2.4 percent. Arabian Cement fell ...

Dubai / Emirates Business In an unprecedented milestone in the history of Aviation, the Emirate of Dubai witnessed the implementation of the new designed airspace that enhances its efficient utilization to cater to the growth and the expansion plans in the sector. Spearheaded by Dubai Air Navigation Services (dans), the air navigation services provider of Dubai and the Northern Emirates, ...

ABU DHABI / WAM The Abu Dhabi Sustainability Group (ADSG), held a session that focused on ‘Natural Capital as the Road to A Prosperous and Resilient Economy’. The session examined and analysed what natural capital means, introduced the Natural Capital Protocol that provides updates on the progress made internationally, regionally and locally and explored how all attendees can support the ...

Dubai / Emirates Business Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry, recently kicked off its Youth Business Voice series with an interactive workshop at Dubai’s Youth Hub entitled “Understanding Legal Aspects of Starting a Business.” The event, hosted at Emirates Towers in cooperation with the Youth Hub, provided young participants with an overview of ...

ABU DHABI / WAM The International Confederation of Midwives (ICM), selected Abu Dhabi to host its 33rd Triennial Congress in 2023. The emirate was selected in the face of stiff competition from both Chile and Germany. The Midwifery Society of the Emirates Nursing Association was supported in its bid by key stakeholders, including the Department of Culture and Tourism – ...