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

  Washington / AFP The parent company of United Airlines will pay a $2.4 million fine after reviving a money-losing air route to please a now-disgraced New Jersey politician, US market regulators announced. The penalty by the Securities and Exchange Commission follows a $2.25 million fine imposed earlier this year by federal prosecutors in the bribery case. United’s chief executive ...

  Bloomberg After losing more than $50 billion in the decade following the Sept. 11 terrorist attacks, U.S. airlines have been enjoying some financially robust times of late. On the front lines, airline employees are reaping billions of dollars in wage and benefit increases, plus profit-sharing plans that spell record payouts amid record income. At almost $81,000, average airline worker ...

  Fez, Morocco / AFP Nestled in a labyrinth of streets in the heart of Morocco’s ancient city of Fez, stands the world’s oldest working library. Its sculpted dark wooden door stands almost hidden on the edge of a square where artisans hammer away at copper in a deafening din, delighting passing tourists. But for the few lucky enough to ...

  Kathmandu / AFP When aspiring chef Bijay Shrestha left Nepal last year for the Caribbean island of Saint Lucia his goal was an international degree, work experience, and a chance at a well-paid career. But instead, after 14 months living in penury in Saint Lucia, Shrestha was back in Kathmandu penniless and without his qualification. Shrestha is one of ...

  Bloomberg Hate doing laundry? Shin Sakane has a solution. The Japanese inventor received 6 billion yen ($53 million) from partners, including Panasonic Corp., last month to advance “the Laundroid” — a robot Sakane is developing to not only wash and dry garments, but also sort, fold and neatly arrange them. The refrigerator-size device could eventually fill the roles of ...

  Bloomberg One of the main hurdles to drones’ ability to zip around the country delivering packages is a requirement that they stay within their operator’s line of sight during daylight hours. Qualcomm Inc. is working on a solution that’s been right before our eyes: cellphone networks. The rules from the US Federal Aviation Administration exist to help prevent accidents ...

  Relaxnews Fitbit is close to buying the smartwatch-maker Pebble, known for its string of successful crowdfunding campaigns. Due to financial difficulties, Pebble is under pressure to find a buyer, although the brand itself risks being phased out after a potential takeover. Despite its original products, the American startup hasn’t managed to withstand growth in the smartwatch market, which has ...

  Bloomberg The $2.4 trillion world fashion industry is poised to rebound in 2017 from one of its toughest years on record, according to a report. Improving global economies and restructuring measures by leading brands like Burberry Group Plc and Ralph Lauren Corp. mean overall industry sales are likely to rise as much as 3.5 percent next year, consulting firm ...

  Relaxnews Menswear has never been so on trend, and with the Fall/Winter 2017 shows poised to take over the fashion capitals of the West this January, there is change in the air. Here’s what you need to know. The traditional fashion calendar has been well and truly shaken up over the past two years, with several major brands abandoning ...

  Bloomberg Stylish guys love pocket watches — James Dean carried one, while Johnny Depp and Justin Timberlake also have been spotted wearing them. At the Baselworld watch fair in March, they proved popular as well. COURTESY OF HERMES Hermes debuted a trio from its Arceau Pocket Promenade de Platon collection showcasing the beauty of Grand Feu enamel work; a ...