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

  Bloomberg American Airlines Group Inc. agreed to acquire a minority stake in China Southern Airlines Co. for $200 million, cementing a partnership between the top carriers in the U.S. and Asia. China Southern will issue 270.6 million shares in its Hong Kong-listed company to the world’s largest airline at HK$5.74 apiece, the Guangzhou-based carrier said in a stock exchange ...

  Bloomberg Frontier Airlines Inc., the no-frills US carrier whose aircraft feature animals on the tails, is aiming to go public as soon as the second quarter, reports said. JPMorgan Chase & Co., Deutsche Bank AG, Citigroup Inc. and Evercore Partners Inc. are the leading underwriters on the deal, said the people, who asked not to be identified because the ...

  Bloomberg Facebook Inc. is making a dramatic change to the social network’s mobile application, letting people post pictures and videos that disappear after 24 hours. Dramatic, but unsurprising—it’s the fourth time the company has added such a feature to its apps. And it’s a tool that was invented by its smaller, newly public competitor: Snap Inc., whose Snapchat lets ...

  Bloomberg Density matters to Super Micro Computer Inc. To meet customer demands to take up less space, the maker of servers is reducing the number of cables inside its products, their structure revamped to make room for more processing power and memory. That’s putting the focus on improving designs for the computers that run networks, as the San Jose, ...

  Bloomberg Starship Technologies, the London-based company that has created six-wheeled self-driving delivery robots, will begin taking customers Domino’s pizzas in Germany and the Netherlands. Starship, launched in July 2014 by two former Skype co-founders, Ahti Heinla and Janus Friis, will whisk pizzas to customers’ doors if they live within a one-mile radius of certain Dominos pizza shops in “select ...

  NEW YORK / AP The person who shares a news story on social media is more important than the story’s actual source in determining whether readers believe it, a study by the Media Insight Project has found. In a previous study, consumers said they paid greater heed to where the story originated. But the Media Insight Project, a collaboration ...

  ABU DHABI / WAM Dividends suggested by board of directors of 71 companies listed in Abu Dhabi and Dubai financial markets for the fiscal year 2016 have grown substantially to AED 33.83 billion. The dividends have already been approved by some of the general assemblies of the companies. The per share dividends are reckoned the highest in the Gulf ...

  MOSCOW / AP A senior Russian general on Tuesday criticized the US-led coalition fighting IS militants for allegedly targeting Syria’s infrastructure — including a key dam — in territory held by the Sunni extremist group. Col. Gen. Sergei Rudskoi of the military’s General Staff accused the coalition of trying to “completely destroy critical infrastructure in Syria and complicate post-war ...

  Bloomberg Scottish First Minister Nicola Sturgeon is expected to win backing for her plan to pursue a second independence referendum in a parliamentary vote that comes a day before the UK triggers two years of talks on withdrawing from the European Union. Lawmakers in Edinburgh will vote around 5 p.m. local tine on Tuesday, with the Greens already saying ...

  BERLIN / AP German officials on Tuesday warned Turkey against spying on its territory, after Ankara allegedly sought Berlin’s help in eavesdropping on hundreds of Turks in Germany thought to be supporters of US-based cleric Fethullah Gulen. The Turkish government claims Gulen supporters were behind a July coup attempt and has arrested 41,000 people in a crackdown on the ...