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

  Blomberg Aeropostale Inc., the bankrupt teen clothing chain, says a group including mall operators General Growth Properties Inc. and Simon Property Group Inc. has bid for “substantially all” its assets with an eye toward keeping at least 229 stores open. The so-called going concern bid would also cover expenses including Aeropostale’s bankruptcy financing, the company said in a filing ...

  Bloomberg Korean Air Lines Co. estimated losses on its investments in Hanjin Shipping Co., which applied for court receivership, at more than a third of projected operating income for this year. Losses on loans and an equity stake in the container shipping line will be as much as 383.3 billion won ($344 million), Korean Air Lines said in a ...

  Bloomberg Airlines in China, the world’s second-biggest aviation market, plan to exercise stricter control over their costs and debt structures as part of measures to cope with a weaker yuan and stiffer competition. China Eastern Airlines Corp. will strengthen research on oil prices and exchange rates, the carrier said, a day after China Southern Airlines Co. said it will ...

  Bloomberg American Airlines Group Inc. delayed one of the last major steps in fully blending its operations with those of merger partner US Airways, saying the work is more complex than originally expected. The Fort Worth, Texas-based airline doesn’t have a new target date for integrating operations for its flight attendants, which had been set for spring of 2017, ...

  Abu Dhabi / Emirates Business According to demographic forecasts, the world population will reach 9 billion by the year 2050 with 70% living in urban areas, according to a United Nations survey. A strong emphasis on solving problems faced by people living in the world’s cities is therefore needed. Some of the main challenges lie in addressing unmet and ...

  Ajman / Emirates Business In a bid to educate students about the emirate of Ajman’s famous touristic destination and increase awareness of local tourism, the Ajman Tourism Development Department (ATDD) has organised city sightseeing tours for students of Ajman University. The two-day tour coincides with the opening of the new academic year and a total of 400 students visited ...

Abu Dhabi / Emirates Business Veeam® Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise™, has reiterated its commitment to helping Middle East enterprises meet the requirements for round-the-clock availability by announcing its participation at GITEX Technology Week, which will be held between 16-20 October, 2016 at the Dubai World Trade Centre. The company will be ...

Abu Dhabi / Emirates Business This Hajj season, du customers have more reasons to smile with two great GCC roaming packages. Valid in KSA, Oman, Qatar, Kuwait and Bahrain, customers benefit from 2 GB of data with a three day validity for AED100, or 4 GB data with 7 days validity for AED 200. “Hajj is a special, spiritual time ...

  Emirates Business The Galleria on Al Maryah Island, Abu Dhabi’s luxury shopping and dining destination, unveils family friendly activities for shoppers over Eid Al Adha. All activities have been created to celebrate the joyous holiday, and can be enjoyed by everyone visiting The Galleria this holiday season. A live henna station will host residents of Abu Dhabi, creating traditional ...

  Bloomberg Telecom Egypt is set to become the country’s fourth mobile carrier after acquiring a 4G license Wednesday as the state-controlled landline monopoly seeks to keep up with rivals. The carrier, 80 percent owned by the government, bought the license for 7.08 billion Egyptian pounds ($806 million), Chief Executive Officer Tamer Gad Allah said at a news conference in ...