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

  Bloomberg At last week’s Farnborough Air Show, an Indian carrier placed a $7.7 billion order while an additional $72 billion of contracts are in the offing. The next challenge: Finding landing and parking slots for these planes. As air travel heats up in the world’s fastest-growing major aviation market, infrastructure has failed to keep pace with traffic growth fuelled ...

  Miami / AFP A SpaceX rocket blasted off on Monday toward the International Space Station, carrying a load of supplies for the astronauts living in space, including equipment to enable future spaceships to park at the orbiting outpost. “Falcon 9 is on its way,” said a commentator at SpaceX mission control as the white rocket launched under a dark night ...

  Bloomberg After the strengthening yen forced Fast Retailing Co. to slash its full-year net income forecast by a quarter, the currency’s reversal along with signs of recovery in the company’s Uniqlo clothing business drove the shares up by their daily limit. The stock rose 18 percent to 32,660 yen at the close in Tokyo trading, the most since 1998, ...

  Redmond / AP If you have fond memories of battling King Koopa or tossing barrels as Donkey Kong, you can relive them this fall. Nintendo is leaping into the nostalgia market by bringing back the classic Nintendo Entertainment System (NES). The NES Classic edition comes complete with 30 built-in games, including all three “Super Mario Bros.,” ”Donkey Kong,” ”The Legend ...

  Iowa / AP In less than a year, eggs have gone from being an expensive staple at the height of the bird flu crisis to reaching the cheapest prices in a decade due to fully restocked poultry barns. But the demand for eggs has been stifled because bakeries and companies using powdered eggs in things like pancake mixes learned to ...

  RITIKA SHARMA / Emirates Business As ‘digital’ becomes a global trend and experts point towards the Fourth Industrial Revolution, UAE has emerged as a leader representing this transition. The latest Global Information Technology Report 2016 by World Economic Forum ranks UAE among top 30 countries in terms of Networked Readiness Index (NRI), making the visionary efforts of the nation ...

  Dubai / Emirates Business Difficulties arising from operating in more technically-challenging physical environments is the number one risk on the minds of executives in the natural resources industry in the MENA region, according to a new Natural Resources Risk Index and top ten ranking released by Willis Towers Watson (NASDAQ: WLTW), the leading global advisory, broking and solutions company. ...

  RITIKA SHARMA / Emirates Business Keeping up pace with the latest trends in the field of marketing, UAE hospitality industry is testing out the benefits of video advertising. Brand experts in the country are claiming that video marketing will become a major content medium of communicating with consumers in the near future. One of the most talked about initiates ...

  DUBAI / Emirates Business The UAE will face the ultimate test of physical strength, stamina and mental grit when worldwide phenomenon ‘Tough Mudder’ makes its Middle Eastern debut from December 9-10 this year. Early bird registration exclusively for du customers opened on July 18 at www.toughmudder.ae and registration will open for all participants on Wednesday (July 20). Taking place ...

  ALKESH SHARMA / Emirates Business UAE’s construction and real estate sector is poised for sturdy growth over the next five to ten years, as the industry is exploring an already favourable Public Private Partnership (PPP) investment structure. However, at a time when many banks are shying away from giving easy loans, PPP model emerges as a boon in the ...