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

  Bloomberg British discount airline Jet2 will station six new Boeing Co. 737-800 jetliners at London Stansted airport, opening its first base outside the northern U.K. and taking on Ryanair Holdings Plc in its own backyard. The move will see Jet2 serve 21 European leisure destinations, with the first flights commencing March 30, putting it on a par with EasyJet ...

  Bloomberg Inditex SA, the world’s biggest clothing retailer, reported earnings that beat analysts’ estimates as the company prioritized online expansion over store openings. First-half operating profit increased 8 percent to 1.61 billion euros ($1.8 billion) in the six months through July, Inditex said on Wednesday. Analysts expected 1.58 billion euros. Revenue rose 13 percent in the first weeks of ...

  Bloomberg A flight-sharing partnership between Delta Air Lines Inc. and Korean Air Lines Co. could transform into a joint venture, the US carrier’s Chief Executive Officer Ed Bastian said. The code-share agreement between the two operators “could lead to deeper relationship” with the possibility of becoming a joint venture, Bastian said at an event in Atlanta, where Delta is ...

  Bloomberg Airbus announced on Wednesday that the U.S. government has granted it a license to sell the first 17 airplanes involved in a landmark deal with Iran made possible by last year’s nuclear agreement. The announcement comes as Iranian leaders and U.S. officials are gathered this week in New York for the United Nations General Assembly and serves as ...

  Bloomberg Air France-KLM Group said it’s examining a range of options for entering the low-cost, long-haul travel market in a move that would parallel developments at German rival Deutsche Lufthansa AG. Europe’s largest airline has been working on plans for the venture for more than a year as it seeks to respond to competition from carriers including Norwegian Air ...

  Emirates Business Held under the patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, in strategic partnership with the Dubai Design District (d3) and supported by the Dubai Culture and Arts Authority, Downtown Design will return this October 25-28 for its fourth edition as the commercial centrepiece of Dubai Design Week. Hosted in d3, the creative ...

  Ajman / Emirates Business Tourists from the Gulf Cooperation Council (GCC) countries including staycationers from the UAE were the top visitors of Ajman during Eid Al Adha holiday, according to Ajman Tourism Development Department (ATDD). Nationals from Egypt, Jordan, Kuwait, KSA, Bahrain and UAE were majority of the guests who stayed in Ajman’s hotels and hotel apartments, followed by ...

  DUBAI / Emirates Business GCC Financial Technology (FinTech) startups are cashing in on the always-connected banking habits of Millennials, say industry experts ahead of GITEX 2016. There is a surge in growth of “moneyhawks” — the high-income, and under-35-year-old customers who want constant mobile access to their banking and finance accounts. Banks often struggle to profit from their customers. ...

  Sharjah / Emirates Business Teachers in Sharjah received a boost to their critical thinking abilities thanks to an initiative from Sharjah Public Library (SPL), a subsidiary of Sharjah Book Authority. The institution recently concluded an ‘Integrating Thinking Skills Programme’ workshop that was held in collaboration with Mawhiba Training and Positive Motivation Centre with the aim of training female teachers ...

  Benghazi / AFP An oil tanker left the Libyan port of Ras Lanouf for Italy, an official said, the first shipment since fighting erupted over control of the “oil crescent” two years ago. Oil is war-ravaged Libya’s key asset, and rival administrations have been vying for control of its oil wealth and territory since the 2011 uprising that overthrew ...