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

PARIS / Reuters Emirates, the Middle East’s largest airline, is seeing a return in demand on routes to the United States that it had started to retreat from in May, President Tim Clark said on Wednesday. Emirates announced in April it would cut flights on five US routes from May, blaming travel restrictions imposed by President Donald Trump’s administration for ...

Bloomberg Bombardier Inc won an order from SpiceJet Ltd for as many as 50 turboprop planes worth $1.7 billion as the Indian budget carrier expands its fleet to meet demand for regional air travel. The deal is for 25 Q400 planes, with purchase rights for 25 more, Bombardier said. The deal comes a day after SpiceJet signed an agreement to ...

Emirates Business Huawei Consumer Business Group has announced plans to open its first ‘Experience Store’ in the UAE fully equipped and dedicated to offer customers a complete hands-on product experience. The store will be strategically located at The Dubai Mall and is slated to cement Huawei’s position as one of the leaders in the smartphone market. In line with Huawei’s ...

Bloomberg British Airways owner IAG SA said a power outage that led to the cancellation of hundreds of flights last month probably cost it about 80 million pounds ($102 million) in lost revenue and the expense of accommodating, re-booking and compensating thousands of passengers. The figure is based on an initial assessment and London-based IAG will update the market on ...

Bloomberg Rolls-Royce Holdings Plc is seeking ways to upgrade its engines for Airbus SE’s A380 as the planemaker attempts to win orders for the slow-selling superjumbo jet, the company’s biggest. “We are contemplating what we can do over and above with Airbus,” Eric Schulz, Rolls-Royce’s head of civil aviation, said in a Bloomberg TV interview. “As soon as we mature ...

DUBAI / Emirates Business Middle East medium and smaller businesses will drive the region’s USD 12 billion business intelligence mar- ket, according to the ne- wly appointed channel head at digital transformation enabler SAP. While small- and medium-sized enterprises comprise the majority of Middle East enterprises, they lag in digital technology adoption. Among SMEs in the region, only 18 percent ...

DUBAI / Emirates Business Chief Happiness and Positivity Officers from various government agencies launched the ‘Happiness without Borders’ initiative in an effort to establish happiness and positivity as a lifestyle and a cultural trait in the UAE. The idea is for Chief Happiness and Positivity Officers to offer free counsel to government and private institutions, where they share the experience ...

Abu Dhabi / Reuters Abu Dhabi Ports has signed a 35-year concession to develop and manage the Port of Fujairah, the state-owned company said on Tuesday, two months after Dubai-owned DP World’s contract ended there. Fujairah, located on the United Arab Emirates’ east coast, is the country’s only multi-purpose port outside the Strait of Hormuz, giving it direct access to ...

Abu Dhabi / Emirates Business Abu Dhabi Quality and Conformity Council (QCC), the entity responsible for developing quality infrastructure and raising awareness on quality standards in the emirate of Abu Dhabi, has unveiled a conformity assessment scheme to verify the quality, safety and sustainability performance of solar photovoltaic (PV) systems. The scheme allows suppliers and manufacturers of solar PV systems ...

Abu Dhabi / Emirates Business Reed Exhibitions, the leading global event organiser, has confirmed that the second edition of Infosecurity Middle East, the Gulf’s specialist event securing vital government and critical data against cyber threats, will once again run as a co-located event on the side-lines of the eighth International Exhibition for National Security and Resilience (ISNR Abu Dhabi 2018). ...