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

  Three important messages for the global economy emerged from the latest ‘World Economic Outlook’ released by the International Monetary Fund this week: The baseline for economic growth is essentially the same over the medium term, with slightly better shorter-term prospects; the risks are getting bigger and are tilted to the downside; and better national policy making and improved cross-border ...

  Bloomberg Mitsubishi Aircraft Corp. is looking to display its new regional aircraft at the Paris Air Show in June as it seeks more overseas orders for Japan’s first passenger jet after delaying the plane’s debut five times. The company is working out details on how it can pull one of four aircraft currently undergoing flight testing in the US ...

  Bloomberg Malaysia Airlines, which lost a wide-body jet with 239 people aboard three years ago in one of history’s most enduring aviation mysteries, has become the first airline to sign an agreement for space-based flight tracking of its aircraft. Malaysia Airlines Bhd. reached a deal with Aireon LLC, SITAONAIR and FlightAware LLC to enable it to monitor the flight ...

  DUBAI / Reuters Lufthansa is in talks with Iran Air to provide catering, maintenance and pilot training as it seeks to take advantage of emerging business opportunities in the country, executives at the German airline group said. Foreign companies have been vying for contracts in Iran since economic sanctions were lifted last year in return for Tehran curbing its ...

  Bloomberg American Airlines pilots will be surveyed about reactions to the carrier’s new uniforms after about 100 reported rashes, itching and other symptoms similar to those experienced by hundreds of flight attendants. Some aviators said recently they had red, swollen eyes and a general ill feeling even though they had been wearing the new clothing since September, according to ...

  SARANAC LAKE, NY / AP Sunita Halasz has tips for ‘driving electric’ along lonely roads in New York’s Adirondack Mountains: know the locations of charging stations, bring activities for the kids during three-hour recharges, turn on the energy-hogging window defroster in just 10-second bursts. And have a backup plan. “When we really go anywhere, I have a whole list of ...

  Bloomberg Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, and OPEC will decide next month whether to extend its cuts in output beyond June, the group’s Secretary-General Mohammad Barkindo said. The Organization of Petroleum Exporting Countries and other major producers are committed to reducing oil stockpiles, and all countries participating in a ...

  ABU DHABI / WAM The National Bank of Abu Dhabi and First Gulf Bank reported AED2.93 billion in net profits for the 1st quarter of 2017, a 12.4 percent growth from AED 2.60 billion over the same period last year. The positive results are attributed to a robust operational performance and increasing investments yields in addition to a successful ...

  ABU DHABI / WAM Etihad Airways Engineering signed an agreement with Diehl Aerosystems to jointly design, manufacture and install the first serial produced 3D-printed cabin plastic part on an aircraft for one of its customers. Additive manufacturing, commonly referred to as 3D-printing, reduces lead time in design, decreases production costs and enables speedier manufacturing. Etihad Airways Engineering and Diehl ...

  DUBAI / AP Emirates, the Middle East’s biggest airline, said on Wednesday it is cutting flights to the United States because of a drop in demand caused by tougher US security measures and Trump administration attempts to ban travellers from Muslim-majority nations. The decision by the Dubai government-owned carrier is the strongest sign yet that the new measures imposed ...