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

  London / Bloomberg Cathay Pacific Airways Ltd. said it’s talking with Airbus Group SE about the planemaker’s proposal for a bigger version of the newest A350 wide-body, a model which needs to attract a strong set of initial customers to get the go ahead. Cathay, which already has 48 A350s on order, is keen on a so-called stretched variant ...

  New Delhi / Tribune News Service Air India will offer discounted tickets for students travelling for educational purposes on all its domestic flights during the lean season of July and August. Students can fly for Rs.3,500 for distances up to 1,000 km and at Rs.5,500 for over 1,000 km. Tickets must be booked between June 1 and August 31 ...

  Mumbai / Bloomberg ICICI Prudential Life Insurance Co. has picked arrangers for an initial public offering of as much as 60 billion rupees ($892 million), people familiar with the matter said, in what could be India’s biggest first-time share sale in six years. The country’s largest private-sector life insurer selected Bank of America Corp. and ICICI Securities Ltd. to ...

  Sunaina Rana / Emirates Business Technology has been evolving with numerous innovations to improve the living standards of people. Jumping on the high-tech bandwagon, ASUS Chairman Jonney Shih took the center-stage at Computex 2016 to unveil Zenbo — the first home robot — along with a stunning portfolio of third-generation mobile products designed to provide users with revolutionary functions ...

    ALKESH SHARMA / Emirates Business In the UAE, non-Arabic language cinema seems to be more money-spinning as it is accounted for making nearly three times more at the box office than Arabic titles. According to ‘Media Industries in the Middle East 2016’ report, the average box office revenue per title for non-Arabic films in UAE was around $467,000 ...

Dubai / Emirates Business The Sustainable City, based in Dubai, has announced that they are now successfully producing clean and sustainable energy using ‘Solar Power Panels’. This recent accomplishment has made The Sustainable City the first residential project in Dubai to produce clean energy for over 500 villas, which are spread out over five residential clusters, and which comprise of ...

  Dubai / Emirates Business The third edition of Arab Luxury World was held successfully, rich with valuable insights and learnings for those in attendance. Organised by Mediaquest, the two-day conference took place at The Westin Dubai Mina Seyahi. More than 30 panel discussions, presentations and private sessions provided an in-depth exploration of the latest ideas and trends in the ...

  Tribune news service Bahrain’s Public Relations (PR) sector is under threat from an economic slowdown caused by low oil prices, according to an expert. The government has launched an austerity drive to tackle rising public debt and reduce the national deficit, but lower public spending also means less investment in the private sector. US presidential advisor Mary Jo Jacobi ...

  Dubai / Emirates Business Supply chain risk in the Middle East and North Africa remained relatively stable during the first quarter of the year, at 4.371, according to the CIPS Risk Index, produced by Dun & Bradstreet for the Chartered Institute of Procurement & Supply (CIPS). The score remains high however by historical standard and compared to other regions, ...

  Seoul / AFP Tens of thousands of North Koreans, brandishing red flags and chanting slogans, paraded in Pyongyang to celebrate the start of the Stalinist regime’s latest five-year economic plan, state media reported on Thursday. The “mass mobilization” took place on Wednesday in the sprawling Kim Il Sung square in the North Korean capital. It marked the beginning of a ...