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

  FORT WORTH / AP Beth Henry’s eyes sometimes itch and her throat begins to swell when she’s on an American Airlines plane, even if she’s not wearing a new uniform blamed by thousands of flight attendants for causing allergies. Henry and other flight attendants think the airline hasn’t done enough to protect them. “The only thing that will make ...

  Bloomberg South Africa’s banking index fell to the lowest in six months after S&P Global Ratings cut the sovereign’s foreign-currency debt rating to junk, increasing the likelihood that lenders will have to battle declining returns and rising bad debts in the year ahead. South Africa’s six-member banks index, which includes Standard Bank Group Ltd. and Barclays Africa Group Ltd., ...

  Bloomberg The latest probe into Credit Suisse Group AG is a blow, not just for the firm but also for the Swiss attorney general, who didn’t know some of the bank’s offices were going to be raided. It’s too early to tell whether the Credit Suisse accounts being investigated are older, or include some that are more recent as ...

  Bloomberg The European Central Bank estimates Banca Popolare di Vicenza SpA and Veneto Banca SpA need about 6.4 billion euros ($6.8 billion) and considers the lenders solvent, a condition for them to receive a bailout, according to people familiar with the matter. Representatives of the ECB, the European Commission and the Italian Treasury reviewed the banks’ request for a ...

  Dubai /Emirates Business The 11th edition of The World Retail Congress began at Madinat Jumeriah for the second time on Tuesday, under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The three-day World Retail Congress brought together global retail leaders, providing them with an ...

  Dubai / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager, has garnered exceptional interest from both domestic and international investors keen to purchase units in its second building at Mudon Views in the Dubailand district. DP marked an impactful participation in the International Property Show 2017 that ran from April 2-4, at ...

  Dubai / Emirates Business Dubai World Trade Centre (DWTC) partnered with Careem, the region’s leading ride-hailing app, leveraging technology to provide efficient ground transportation services that would offer a seamless visitation to the DWTC’s Dubai International Convention and Exhibition Centre, the leading venue for the MICE sector in the region. Through the partnership, Careem will optimise their presence at ...

  PESHAWAR / AP When Durdana married for a second time and to a man of her own choosing, her parents threatened to kill her if she tried to see her new husband. They imprisoned her in their home, but she still had her mobile phone and had learned that a helpline for women had been set up. She noted the ...

  Bloomberg OPEC isn’t the only decades-old energy hegemony being turned on its head by US shale. Liquefied natural gas sellers from Qatar to Malaysia that dominated gas sales to Asia for years are facing the prospect of rising American exports. While less than 30 US cargoes have landed in Asia, their effect was felt even before they arrived. LNG ...

  Bloomberg During the oil price rout, islands in the Caribbean were exhibit A for the longest-lasting glut in three decades, with millions of barrels stored there. Now, that oil is flowing again, a sign the market is rebalancing. Since mid-February, between 10 million and 20 million barrels have left the Caribbean, according to estimates from traders who asked not ...