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

  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. ...

  Bloomberg Bombardier Inc. should review the bonuses it awarded top executives after taxpayers helped underwrite the company’s still-fragile recovery, Quebec Finance Minister Carlos Leitao said. “People are shocked, and I’m shocked” at the compensation, Leitao told Quebec’s TVA television network in an interview. “I’m urging the board to rethink the compensation policy. I’m inviting them to review all this ...

  ABU DHABI / Emirates Business Following a record-breaking year for hotel guests in Abu Dhabi, the emirate recorded impressive growth in the first two months of 2017, seeing a 5.5% rise in hotel guests. According to figures from Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), 749,650 hotel guests have checked into the emirate’s 170 hotels and hotel ...

  Abu Dhabi / Emirates Business From thought-provoking discussions to educational installations, this year’s edition of the Mother of the Nation (MOTN) Festival is set to broaden the minds of residents and visitors to the UAE with new perspectives on a variety of topics including conservation, sustainability and social commentary. Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu ...

  Sharjah / Emirates Business The Sharjah Urban Planning Council (SUPC) began the full rollout of the Postal Code System (PCS) across the emirate. In-line with the emirate’s goal to improve the level of services provided to the public, PCS reflects the pioneering role played by Sharjah to develop essential tools that serve the emirate’s residents, visitors and future generations. ...

  Fujairah / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has offered the condolences to HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah and HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, on the ...