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

  DUBAI / Emirates Business Dubai’s success in maintaining its advanced position among the cities of the world in terms of capital inflow and the number of new FDI projects is a major achievement, said His Excellency Sami Al Qamzi, Director General of Dubai Economy. It reaffirms the investor confidence in Dubai while also underlining its role as a major ...

  ABU DHABI / WAM In a circular distributed to employers, the General Pension and Social Security Authority (GPSSA), called for employers’ compliance with the registration and contribution requirements for their Emirati employees. It stressed that registering UAE employees with the Authority and the payment of their contributions is obligatory under the provisions of Federal Law No. 7 of 1999 ...

  WASHINGTON / AP Their reputations at risk, a coterie of President Donald Trump’s associates caught up in the swirling debate about Trump and Russia are turning to a similar if unusual playbook: volunteering to testify to Congress, before even being asked. They are eager to come forward despite not having been compelled by subpoena to appear before the two ...

  Colombia / AP An avalanche of water from an overflowing river swept through a city in Colombia while people slept, the wave quickly destroying homes and killing at least 24 unsuspecting residents, authorities said on Saturday. The incident triggered by intense rains happened around midnight in Mocoa, a city of about 350,000 located near Colombia’s border with Ecuador, tucked ...

  LONDON / AP Demonstrators from far-right groups clashed with anti-fascist protesters in central London on Saturday, as British police imposed restrictions to try to keep the opposing groups apart. Authorities arrested 14 people for various offenses. Protesters gathered at Trafalgar Square and spilled on to nearby roads. London’s Metropolitan Police imposed conditions on the march and rally on Saturday ...

  Denmark / AP Norway’s foreign minister says a two-state solution to the Israeli-Palestinian conflict “is under pressure” as he left Oslo for a visit to the Middle East. Borge Brende says “only a two-state solution can lead to lasting peace between the parties.” He says “a sustainable Palestinian economy and well-functioning institutions are essential preconditions for the two-state solution.” ...

  Bloomberg Boeing Co.’s newest and largest 787 Dreamliner took wing, dipping and soaring for almost five hours above South Carolina during its first flight. The plane’s drama-free performance brought relief to Boeing officials after delays marred the first Dreamliner’s debut in 2011. The 787-10 even took off nearly 30 minutes earlier than scheduled, at around 9:37 a.m. local time, ...

  Bloomberg AirAsia Bhd., the low-cost carrier headed by Malaysian tycoon Tony Fernandes, plans to start a Vietnamese carrier in a local partnership, as cheap fares and rising incomes fuel a travel surge in the Southeast Asian nation. The region’s largest budget airline will partner Gumin Co., Hai Au Aviation Joint Stock Co. and businessman Tran Trong Kien for the ...

  Bloomberg After three years of slashing costs and shaking up its flight routes, Frontier Group Holdings Inc. is ready to pitch its story to public investors. The no-frills carrier filed for a rare US airlines IPO with an offering size of $100 million, according to a filing Friday, which is a placeholder amount used to calculate fees and will ...

  Bloomberg Deutsche Lufthansa AG wants to add long-distance airplanes to its low-cost Eurowings arm as competition for discount travelers from Europe to the Americas intensifies. “We need aircraft beyond the seven we have,” Lufthansa Chief Executive Officer Carsten Spohr said at an aviation event, referring to the Airbus A330s based in Cologne that Eurowings uses for inter-continental leisure flights. ...