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

  Bloomberg Qatar Airways Ltd. plans to buy a stake in another foreign airline, extending an expansion push that’s seen the Gulf carrier build up overseas holdings and announce new routes to the US even as President Donald Trump’s seeks to restrict travel to the world’s largest economy. The state-owned company, which has expressed interest in Royal Air Maroc in ...

  Bloomberg United Airlines has another passenger complaint to deal with — this time in court. Karen Shiboleth claims she was forced out of her business-class seat during a flight to London from Newark, New Jersey, in September and escorted to the rear of the plane without an explanation. She sued the airline on Monday, claiming she’s out $9,146 in ...

  PROVIDENCE, R.I. / AP Many Florida beaches welcome a special type of visitor as the weather gets warmer: sea turtles. Female sea turtles crawl out of the water from spring to early fall to build nests and lay eggs on the beach at night. Babies hatch some 60 days later and crawl back into the sea. It’s a fragile process. ...

  ABU DHABI / WAM Twelve UAE national banks reported a total net profit of AED 7.64 billion during Q1 2017, a growth of 6.7 percent from AED 7.16 billion during the same period last year. Citing the state of deceleration now witnessed at the global banking industry, financial sources told the Emirates News Agency (WAM), that the results disclosed ...

DUBAI / Emirates Business Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties, on Monday unveiled six new hotel projects as part of its regional and international expansion plans, at the Arabian Travel Market (ATM) 2017. The new hotels and serviced residences in Dubai, Abu Dhabi and Egypt add to a portfolio of upcoming properties under the three ...

  DUBAI / WAM Dubai Aerospace Enterprise (DAE) reached an agreement to buy Dublin-based AWAS Aviation Capital Ltd. from UK private equity firm Terra Firma Capital Partners, DAE announced on Monday. The multi-billion deal will propel DAE, one of the Middle East’s biggest plane-leasing companies, into the top rank of global players in the field. The deal will swell the ...

  Abu Dhabi / Emirates Business Abu Dhabi achieved a record 4% rise in the number of hotel guest arrivals over the first three months of the year in comparison to the same period in 2016. The increase in hotel guest arrivals was driven by the rapid growth in visitor numbers from China and Russia. New visa-on-arrival regulations have seen ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, today received the players of the National Jiu-Jitsu Team who won gold medals at the 9th Abu Dhabi World Professional Jiu-Jitsu Championship 2017, in His Highness’s Council at the Al Bahr Palace. HH Sheikh ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received at his palace here on Monday Archbishop Atallah Hanna of Jerusalem. During the meeting, His Highness Sheikh Mohamed bin Zayed welcomed the visit of Archbishop of Jerusalem to the UAE. They exchanged views ...

  Tokyo / WAM Japanese Prime Minister, Shinzo Abe, received HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and his accompanying delegation in Tokyo on Monday. During the meeting, which was held as part of Sheikh Abdullah’s official visit to Japan, the two sides discussed cooperation and the friendly relations between the UAE and Japan ...