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

  DUBAI / Reuters The investigation into the Emirates jet crash landing at Dubai International on Aug. 3 will take two to three years to complete, the director general of the United Arab Emirates General Civil Aviation Authority (GCAA) said on Sunday. The crash was the first major accident in Emirates’ more-than-30-year history. All 300 passengers and crew safely evacuated ...

  Bloomberg Alaska Air Group Inc. is close to reaching a settlement with U.S. antitrust officials that will allow it to complete its proposed acquisition of Virgin America Inc., according to people familiar with the matter. The settlement with the Justice Department’s antitrust division should be announced by the end of November, said one of the people. The people declined ...

  Bloomberg Hong Kong conglomerate Swire Pacific Ltd. is nearing the acquisition of Coca-Cola bottling assets in China from a unit of state-owned food giant Cofco Corp., people with knowledge of the matter said. Swire is close to an agreement to purchase stakes in Coca-Cola bottlers from Cofco’s China Foods Ltd. subsidiary, the people said, asking not to be identified ...

  Bloomberg Market leader Tesco Plc continued to lead a counterattack by Britain’s supermarkets last month as German discounters Aldi and Lidl recorded the slowest sales growth since 2011. Tesco’s sales rose 2.2 percent in the 12 weeks ended November 6, researcher Kantar Worldpanel said. The growth was the fastest in three years and sent the shares up as much ...

  Bloomberg The booming demand for hot exchange-traded funds (ETF) has finally caught up with the staid, sleepy insurance industry. US insurers are the latest group of investors to start buying ETFs en masse, with one of the fastest adoption rates among institutions. And they’re not done yet, according to JPMorgan Chase & Co.’s Mark Snyder, who helps oversee funds ...

  Bloomberg Mario Draghi said the recovery in the 19-nation euro area isn’t yet strong enough to deliver sustained reflation, and current monetary support will be a “key ingredient” for the economic outlook in coming years. “We do not yet see a consistent strengthening of underlying price dynamics,” the European Central Bank president said in a speech in Frankfurt on ...

  New Delhi / AFP From deploying ‘cash coolies’ to buying Rolex watches, Indians have found unique ways to dodge the government’s surprise move to withdraw high value bills in a bid to tackle widespread corruption and tax evasion. Cash Coolies There have been multiple reports of factory owners and businessmen asking staff — or even hiring casual labourers — ...

  Bloomberg Investing in emerging markets will be trickier in 2017, says Goldman Sachs Group Inc. The New York-based bank laid out its expectations for developing nations in a report. Below are some of the highlights. Downside risks have increased after Donald Trump won the U.S presidential election, which means a rally in local-currency bonds so far this year is ...

  Bloomberg Credit Suisse Group AG’s Swiss unit began life as a legally independent company, enabling the bank to pursue plans to sell part of the business in a public offering next year. In carving out a separate entity, Credit Suisse also fulfills a regulatory requirement to make banks easier to break up in a crisis or insolvency. Credit Suisse ...

  AP Virtual reality, what’s up with that? If you are curious about this highly buzzed high-tech form of entertainment but don’t feel like plunking down $1,000 or more on sophisticated hardware, just visit one of a slew of amusement-park-type rides popping up around the world. These experiences let you shoot aliens while riding a real-life roller coaster , cook ...