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

  Bloomberg Cathay Pacific Airways Ltd. shares dropped the most in three months after the carrier’s planned business revamp fell short on details, failing to soothe investor concerns over a slide in earnings. Changes at Asia’s biggest international airline “will start at the top” and the carrier will eliminate some positions as part of a review, with key changes taking ...

  Bloomberg American Airlines Group Inc. followed United Continental Holdings Inc. in announcing no-frills tickets that limit carry-on bags to those that fit under a seat, bolstering efforts to compete with fast-growing fare discounters. The new basic-economy tickets will go on sale Feb. 10 in select domestic markets, and the first flights will begin soon after, the Fort Worth, Texas-based ...

  Dubai / Emirates Business The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands segment at Gulfood 2017. Represented by a contingent of major food industry heavyweights including Unilever, Nestle, Del Monte ...

  Dubai / Emirates Business Mashreq, UAE’s leading financial institution announced on Saturday that it is the first bank in the region to offer its customers early access to Samsung Pay – a best in class and secure mobile payment service that works as a contactless credit or debit card. With the roll-out of Samsung Pay, Mashreq reinforces its position ...

  Dubai / Emirates Business Lieutenant General Dhahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai and Chairman of the Board of Governors of Hamdan Bin Mohammed Smart University (HBMSU), has dedicated the University’s recent winning of Wharton-QS Stars Reimagine Education Award 2016 to HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai ...

  Sharjah / Emirates Business The Al Montazah Waterpark, Sharjah’s first-ever family leisure and entertainment destination and a UAE favourite, is preparing to witness large-scale expansion and development. The Sharjah Investment and Development Authority (Shurooq) has recently announced the commencement of the second phase of development, which is expected to introduce world-class facilities upon completion. The expansion plan aims to ...

  Sharjah / Emirates Business Storytelling, theatre and colour were the theme of the recent performance at the International Storytelling Festival, which is taking place at Al Noor Island, Sharjah’s popular tourist and recreational destination. Titled ‘A Palette of Stories’ the activity hosted, Italian directors Paola Balbi and David Bardy, British storyteller Michael Harvey, Singaporean narrator Kavina Ramachandran and Palestinian ...

  Bloomberg Donald Trump’s advisers have prepared a short list of energy and environmental policy changes he can take now that he has been sworn in as president, including steps to limit the role that climate change plays in government decisions and speed the review of cross-border pipelines. The list of actions Trump can take imminently includes nullifying former President ...

  Bloomberg Quebec’s energy minister, who met with New York officials this week, sensed “genuine interest” from the state in importing hydropower from the Canadian province. Pierre Arcand is hopeful that Hydro-Quebec, Canada’s biggest electric utility, can reach a deal by the end of this year to supply power to New York under a long-term contract, he said in an ...

  Bloomberg Egypt’s Palm Hills Developments SAE expects a jump in sales this year, even as a currency flotation and rising inflation put the nation’s property market under strain. The luxury real estate developer is aiming for about 8.5 billion Egyptian pounds ($450 million) of contracted sales and plans to deliver some 2,000 units in 2017, Chairman Yasseen Mansour said ...