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

BLOOMBERG Wizz Air Holdings Plc said expansion into India will become possible with its new long-range Airbus SE A321 models, potentially opening up a lucrative vein of future growth as demand for air travel surges in the world’s most populous nation. “There’s great potential in India, as the country has seen an immense development,” Wizz Chief Executive Officer Jozsef Varadi ...

BLOOMBERG Philippine President Ferdinand Marcos Jr said he is “determined to forge an even stronger relationship” with the US ahead of a meeting with President Joe Biden in Washington. “We will reaffirm our commitment to fostering our long-standing alliance as an instrument of peace and as a catalyst of development in the Asia-Pacific region and the rest of the world,” ...

BLOOMBERG US President Joe Biden and Indian Prime Minister Narendra Modi will visit Papua New Guinea in May to attend a meeting of Pacific leaders, the island nation’s premier said on his government’s official Facebook page. Biden will meet with Papua New Guinea PM James Marape, as well as 18 Pacific Island leaders, who will be in capital Port Moresby ...

BLOOMBERG The influential sister of North Korean leader Kim Jong-un slammed US President Joe Biden for making nuclear threats, saying it marked the “dotage of the old” and would be met by a boost in her country’s atomic arsenal. Kim Yo-jong’s comments, released on state media, marks the first official reaction from North Korea to a meeting in Washington between ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has congratulated H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, following Sharjah FC’s win of the UAE President’s Cup for the tenth time in the club’s history. The UAE President extended his best wishes in a phone call with ...

BLOOMBERG Alphabet Inc’s Google and Microsoft Corp, whose quarterly earnings each got a boost from their established search and cloud-computing businesses, used their time with investors to emphasize what’s next: artificial intelligence (AI). In their respective earnings calls, the tech giants, which are becoming rivals in the competition for the future of search, offered up starkly different assessments of just ...

BLOOMBERG OpenAI is letting people opt to withhold their ChatGPT conversations from use in training the artificial intelligence (AI) company’s models. The move could be a privacy safeguard for people who sometimes share sensitive information with the popular AI chatbot. The startup said that ChatGPT users can now turn off their chat histories by clicking a toggle switch in their ...

BLOOMBERG Maruti Suzuki India Ltd reported a higher-than-expected quarterly profit as car sales recovered and supply chain disruptions eased. It also got in-principle board approval to add capacity of up to 1 million vehicles annually. Net income rose 42% to 26.2 billion rupees ($321 million) in the three months ended on March 31, compared with the year-ago period, the unit ...

DUBAI / GULF TIME Specialists in luxury clothing and accessories, Emirati brand Carter & White successfully raised AED40 million in their first round of funding “Series A”. The goal of which is to be listed internationally in global financial markets by 2027. The company stated that the recent round of funding will be invested to attract a new segment in ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, watched the final match of the UAE President’s Cup at the Mohamed bin Zayed Stadium in Abu Dhabi, on Friday. The final match was also watched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. His Highness ...