Bloomberg Gap Inc. and Ross Stores Inc. are showing that growth is possible for apparel retailers. You just have to offer cut-rate prices. Both apparel companies saw their shares spike after posting comparable sales that exceeded analyst estimates. Gap relied on its budget-minded Old Navy chain for growth. Ross, meanwhile, used its off-price strategy to outperform expectations despite the hurricanes ...

Bloomberg Senate Republicans say their tax bill will bring big tax cuts for middle-class families and businesses. It’ll also make sure that owners of private jets don’t get hit with the same taxes that commercial carriers face. The revised bill that emerged from the Senate Finance Committee has a provision that scraps excise taxes on management services for private aircraft. ...

Bloomberg Airbus SE might yet win a long-anticipated A380 superjumbo order from Gulf carrier Emirates before the end of the year, but must pledge to extend the ailing programme for a further decade in order to secure the deal. The European planemaker had planned to announce the sale at the recently concluded Dubai Airshow, Chief Operating Officer Fabrice Bregier confirmed ...

ABU DHABI / Emirates Business Agriscape 2017, the first international exhibition on agricultural investments abroad, wrapped up a highly successful inaugural edition at Rosewood Abu Dhabi, facilitating business deals worth over AED4 billion during its two-day run. Held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, the event drew ...

Dubai / WAM Trade between Jafza and France grew $1.5billion in 2016 up from $1.3billion that was recorded in the previous year. There are more than 130 French companies operating from Jafza, ranging from healthcare, equipment, oil & gas, cars and transportation. Almost one-third of UAE trade with France involves companies operating in Jafza, a subsidiary of global trade enabler ...

ABU DHABI / WAM Developmental projects worth nearly AED200 million have been appro- ved by the Follow-up Committee of the Initiatives of the UAE President. The approval comes in implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the orders of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

Dubai / Emirates Business Etihad Energy Services Company (Etihad ESCO) has been awarded the development, and installation of solar photovoltaic (PV) systems to be installed at Dubai Electricity and Water Authority (DEWA) water reservoirs. The installation of solar PV systems on DEWA’s water reservoirs will reduce the Emirate’s carbon footprint and increase the proportion of solar power in Dubai’s energy ...

ABU DHABI / WAM Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity. Abdul Aziz Al Ghurair, Chairman of UAE Banks Federation, said, “In parallel with the UAE’s growth and transformation ...

ABU DHABI / WAM The supply of commercial real estate, selling or leasing, will be subject to the Value-Added Tax (VAT) at 5%, while residential units will remain generally exempt, except for the first supply of a new residential building within the first three years of it being constructed, which will be 0% rated, according to a statement by the ...

Colombo / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed ways of advancing bilateral relations with Sri Lanka at a meeting here on Saturday with the Sri Lankan Prime Minister Ranil Wickremesingh. The two sides reviewed issues of common interest and the latest regional and international developments of mutual concern. ...