Bloomberg Bombardier Inc. burned through less cash than expected in the second quarter and said pretax earnings this year will be in the top half of a previously disclosed range, as Chief Executive Officer Alain Bellemare forges ahead on his turnaround plan. Free cash flow usage in the period ended June 30 was $570 million, Bombardier said. In addition, the ...

Bloomberg Virgin Australia Holdings Ltd., the airline part-owned by HNA Group Co., aims to add two routes to mainland China to tap into the Chinese backer’s aviation hubs and the record flow of visitors heading Down Under. In an interview in Sydney, Chief Executive Officer John Borghetti mapped out a plan over the next five years to take advantage of ...

ABU DHABI / WAM The UAE stock markets started the first session of the week on a slight rise, with some traders offsetting their options in the build-up to the closure of July accounts. In Sunday’s trading, the banking and real estate sectors drove the market slightly high, with traders still waiting for leading property companies to reveal their H1 ...

ABU DHABI / WAM Developmental projects worth in excess of AED750 million have been endorsed for launch by the Abu Dhabi Executive Council. This came in a meeting of the Executive Council Executive Committee under the chairmanship of Jasim Mohamed Al Zaabi who affirmed the enterprises are aligned with the Abu Dhabi Plan objectives to ensure safe community, and a ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum met with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday at the headquarters of the Abu Dhabi National Oil Company (ADNOC). Their ...

MANAMA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has confirmed that the four countries boycotting the State of Qatar take the country’s people into consideration before taking any step towards resolving the Qatari crisis. Sheikh Abdullah made the remarks during a joint press conference held in Manama with the foreign ...

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has instructed to start the preparations for the ‘Dubai Investment Forum’ and its main topics within the framework of the ‘Dubai Investment Week’ programme. The event aims to provide the investor community with a comprehensive view of the ...

ABU DHABI / WAM The United Arab Emirates Computer Emergency Response Team (aeCERT) of the Telecommunications Regulatory Authority (TRA) has succeeded in preventing some 289 cyber attacks during the first quarter of 2017, reflecting its efforts in countering attempts to hack websites or interrupt their services. The cyber-attacks, which the aeCERT successfully prevented from January to the end of March, ...

Sharjah / WAM Personnel from Sharjah’s Department of eGovernment (DeG) visited Sharjah International Airport, where they registered their details with the facility’s smart gate system. The visit came in line with the department’s commitment to supporting digital and electronic ventures that facilitate the ease of conducting procedures and which elevate the environment of Sharjah for its residents and visitors. “DeG’s ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), Abu Dhabi’s leading national entity for development aid, and the Government of Morocco have enjoyed strong bilateral ties dating back to 1974. The four-decade-long close relations continue to drive sustainable socio-economic development across key sectors that benefit the citizens of Morocco. To date, the Fund has supported Morocco with ...