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

Bloomberg As Hurricane Irma approaches Florida, lenders including Wells Fargo & Co. and Bank of America Corp. are making plans to move a small number of mobile teller machines into the state to provide some customers with much-needed cash amid expected power failures. Two Wells Fargo trucks equipped with automated teller machines that were destined for Texas have been rerouted ...

Bloomberg Boeing Co. and Airbus SE voiced concerns about a proposed tie-up of two leading suppliers, potentially upsetting United Technologies Corp.’s $23 billion acquisition of Rockwell Collins Inc. The world’s largest planemakers added to the chorus of skeptics of a deal that would create an aerospace behemoth with a range of products to outfit jetliners and warplanes. Investors sent United ...

Bloomberg The Platinum Group Pcl, whose wholesale fashion mall in Bangkok attracts about 15 million people yearly, expects booming Chinese tourism to support its retail shopping centre due to open next year. The firm is investing about $180 million in the project and is banking on the deep pockets of Chinese visitors to woo retailers, according to President Chanchai Phansopha. ...

Bloomberg Ryanair Holdings Plc is rolling back its unusually generous carry-on policy after the budget airline’s customers proved more penny-pinching than expected by cramming too many bags onto the planes and causing delays. The Dublin-based carrier, which allowed two free bags in the cabin, will permit only one carry-on starting Nov. 1, with the second bag having to be checked ...

Reuters The US Transportation Security Administration (TSA) said it is issuing a new security directive requiring enhanced screening of cargo from Turkey. The change was “to adequately address emerging threats to cargo and raise the baseline for global aviation security,” TSA spokesman Michael England said. The directive mandates voluntary measures already in use by Turkey and will ensure “cargo flying ...

Bloomberg JetBlue Airways Corp. is looking for more supermarket clerks and accountants to train to fly its planes as the US airline industry copes with a looming pilot shortage. The New York-based carrier said its first-in-the-US training programme that turns people with little or no flying experience into commercial jet pilots has been so successful that it’s seeking a second ...

DUBAI / WAM Growth in the UAE non-oil private sector economy climbed to the fastest pace seen since February 2015, bolstered by sharp expansions in new orders and output, according to the latest UAE PMI survey. The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the ...

SHARJAH / WAM A massive 24 million square metre-project said to be generating AED24 billion in real estate value was launched in Sharjah in the presence of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. The Aljada, owned by Arada, is said to be the largest privately-owned mixed-use real estate project in the ...

DUBAI / Emirates Business Souq.com announced it has entered into a definitive agreement to purchase Wing.ae, a marketplace for merchants and couriers in the UAE, providing innovative mobile and web-based user-friendly delivery solutions for businesses and individual consumers. Souq.com previously invested in Wing.ae and will be acquiring 100% of the company. Wing.ae now has the full backing of Souq.com, a ...

ABU DHABI / WAM The Department of Municipal Affairs and Transport at the Abu Dhabi City Municipality (ADM) in cooperation with the Abu Dhabi Police and Tadweer, continues to achieve the goals of the ‘Green Abu Dhabi’ campaign, which aims to preserve various species of trees, including palm trees, green spaces, landscaping, and median plantations. The campaign seeks to support ...