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

  Bloomberg WestJet Airlines Ltd. plans to order as many as 20 Boeing Co. 787-9 Dreamliners valued at $5.4 billion, adding the wide-body to its fleet as Canada’s second-biggest carrier expands long-distance service. The move takes a page from Air Canada, which has relied on the Dreamliner’s fuel efficiency to lower operating costs. The order also helps clarify WestJet’s strategy ...

  Bloomberg Qatar Airways Ltd. signed an agreement with FIFA to sponsor two World Cup tournaments until 2022, filling a spot left vacant by Emirates when it quit its sponsorship following corruption allegations at soccer’s global governing body. The state-owned carrier will become FIFA’s official partner and airline for the 2018 World Cup in Russia and 2022 World Cup in ...

  Bloomberg JD.com Inc. posted its first quarterly profit as a public company with the integration of Wal-Mart Stores Inc.’s Chinese web business and strong consumer spending driving a surge in sales. China’s largest e-commerce company after Alibaba Group Holding Ltd. has benefited from the rise of online shopping in a country with patchy retail infrastructure. JD, which bought Wal-Mart’s ...

  Bloomberg Emmanuel Macron beat the anti-euro nationalist Marine Le Pen in France’s presidential election. Macron, a 39-year-old centrist, leads Le Pen by about 65 percent to 35 percent, according to the estimates of four separate pollsters. The firms sampled real votes as they were being counted and weighted their results to reflect the composition of the French electorate. Their ...

  Bloomberg Nigeria said 82 more girls were freed by the Boko Haram militant group out of the hundreds abducted from a school dormitory more than three years ago in exchange for some of its jailed leaders. “After lengthy negotiations, our security agencies have taken back these girls in exchange for some Boko Haram suspects held by the authorities,” Garba ...

  Bloomberg Chancellor Angela Merkel’s party won a state election in northern Germany, according to projections based on exit polls, handing her Social Democratic challengers their second straight defeat at the polls before the nation votes in September. The German leader’s Christian Democratic Union took 33 percent of the vote on Sunday to 26 percent for the Social Democratic Party, ...

  Bloomberg Afghanistan’s Interior Ministry denied a report by Pakistan that 50 Afghan forces were killed in a skirmish last week, a spokesman said on Sunday. The border fight erupted in the past few days in Kandahar province and ended with both sides announcing a cease-fire, Najib Danish, a spokesman to the Interior Ministry, said by phone. Pakistan’s army had ...

  ABU DHABI / WAM In yet another sign of the country’s resilient economic growth policy, the UAE’s non-oil foreign trade in 2016 hit AED1.564 trillion, a 1 percent growth over 2015, according to UAE Federal Customs Authority (FCA). Despite besetting economic pressures, the volume of UAE’s non-oil foreign trade, including direct trade and free zones’, increased to AED1.564 trillion in ...

  ABU DHABI / WAM The Executive Committee at the Executive Council of Abu Dhabi, headed by Jassem Bu Ataba Al Zaabi, Chairman of the Executive Committee, has approved several development projects valued at AED204 million and made a number of decisions on key issues and projects. The committee approved development works for the Saad-iyat Power Station with an overall ...

  RIDADH / WAM Anti-corruption and protection of business integrity will be the main topics of discussion at a meeting grouping anti- corruption and business integrity executives in the GCC states on Monday in Riyadh. The meeting will review a draft law for protecting public funds in the GCC states and guiding principles for enhancing efficiency and optimising performance at ...