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

  Say this for Donald Trump: He is forcing Europeans to think more seriously about how to protect and defend their continent. The US president’s disparagement of NATO goes too far, and his focus on getting Europeans to spend more on defense is misplaced. That said, European nations have for too long treated their defense budgets as an extension of ...

  Kim Jong Nam, the oldest half-brother of North Korean’s leader Kim Jong Un, was murdered in Malaysia more than a week ago. Initial report said that two unidentified women killed Kim Jong Nam at Kuala Lumpur’s airport with a poison needle and fled the scene. Kim Jong Nam, the eldest son of former leader Kim Jong Il, had lived ...

  DUBAI / Reuters Gulf stocks generally moved little in thin trade on Sunday but new listings surged on Saudi Arabia’s secondary market as that bourse, which has less onerous listing requirements than the main Riyadh market, opened its doors for the first time. The main Saudi index edged up 0.1 percent. Real estate investment trusts, which have been soaring ...

  Bloomberg China’s insurance regulator banned Evergrande Life Insurance Co. from stock investments for one year, stepping up its crackdown on the industry’s most “radical” investors in a bid to rein in risks. The China Insurance Regulatory Commission also lowered Evergrande Life’s ceiling on equity holdings to 20 percent of assets, from a 30 percent requirement, and barred two executives ...

  Bloomberg Aflac Inc., the largest seller of supplemental health insurance, has started betting on infrastructure debt at its US and Japan businesses. The insurer, which pushed into that asset class in the fourth quarter, invested $13 million in the debt last year at its Japan operation and $2 million at its US business, according to a regulatory filing. Aflac ...

  Bloomberg ANA Holdings Inc.’s board is considering increasing its stake to a majority holding in Peach Aviation Ltd., a move that would give Japan’s largest airline a bigger foothold in the budget travel market. ANA plans to spend about 100 billion yen ($887 million) to boost its stake to more than 50 percent from about 39 percent, making budget ...

  Emirates Business 2XL, the leading French style Furniture and Home Décor brand in the UAE launched a new living room collection, Valeria, that transforms homes with its contemporary flare. This new addition to 2XL’s range of luxurious living room furniture collection feels as opulent as it looks with its high-quality, upholstered durable velvet fabric. Providing the utmost comfort, the ...

  WARWICK / AP Low-cost carrier Norwegian Air Shuttle is promising to boost traffic at smaller airports on both sides of the Atlantic Ocean when it starts service to Europe this summer from Rhode Island, Connecticut and New York’s Hudson Valley. Norwegian announced that it’s opening new flight crew bases and plans to hire pilots and flight attendants at Rhode ...

  Emirates Business Qantas revealed its next generation Premium Economy seat, which will debut on the airline’s fleet of Boeing 787-9 Dreamliners from October. Wider and with more functional space overall, the new seat has a unique recline motion that provides a class-leading level of comfort. When the rear of the seat reclines, several sections shift to support your body ...

  Bloomberg BAE Systems Plc is seeking a new Eurofighter warplane order from Saudi Arabia after announcing a deal to support previous aircraft worth an estimated $10 billion. With the final four of 72 Eurofighter Typhoons already acquired by the kingdom due to be delivered this year, BAE is deepening efforts to secure a follow-on purchase, the London-based company said. ...