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Washington / Bloomberg Bombardier Inc. said it planned to cut about 7,000 jobs as it reported fourth-quarter profit that fell short of analysts’ estimates. It also signed a letter of intent for Air Canada to buy at least 45 of the planemaker’s C Series jets. The job cuts, from a workforce of about 64,000, will occur during the next two ...

Montreal / AFP Air Canada has signed a $3.8 billion deal with Bombardier to buy 45 CS300 jets, with options to purchase another 30 planes, the companies announced. Deliveries of the all-new aircraft will begin in 2019. “With the signing of Air Canada for the leading-edge CS300 aircraft, we add a major international airline customer based in North America to ...

SINGAPORE / Bloomberg Mitsubishi Aircraft Corp. and Embraer SA are battling for customers in Asia as the Japanese maker aims to break into a market expected to account for a quarter of global regional jet demand over the next two decades. The market for smaller jets currently is dominated by Canada’s Bombardier Inc. and Brazil’s Embraer. Emerging economies like Indonesia ...

RITIKA SHARMA EMIRATES BUSINESS What is Lebanon famous for — its architectural monuments, its scenic beauty and the cultural and traditional heritage. But one thing that brings you the closest to the real Lebanon is the Lebanese food. Without a mention of the sumptuous cuisine of Lebanon, every expansion of this compact country is incomplete. Lebanese is one for the ...

Sunaina Rana / Emirates Business At Arab Health Exhibition & Congress, the region’s largest healthcare trade show, the UK-based Kings College Hospital participated in a high-level discussion with the Dubai Health Authority (DHA), the UK Minister of State for Health and its Dubai and UK investors including Ashmore Group, Al Tayer and Dubai Investments. At the event, King’s College Hospital, ...

Sunaina Rana / Emirates Business Responsible business practices and innovation can be catalysts for sustainable development. To drive this home, Abu Dhabi Sustainability Group (ADSG) hosted the second edition of the Abu Dhabi Sustainable Business Leadership Forum at Rosewood Hotel, Abu Dhabi on Wednesday. The two-day forum would be giving an opportunity to the leaders from around the Emirates and ...

ABU DHABI / WAM The UAE Ministry of Economy has said that the value of the country’s non-oil foreign trade reached AED1.75 trillion (US$476.4 billion) in 2015, a growth of up to 10 percent from 2014, according to its report. The figures in the first half of 2015 are positive indicators for the UAE’s foreign trade, including direct trade. In ...

Dubai / Emirates Business Gulfood 2016 is gearing up to provide some Italian tastes too. Eyeing the growing appetite for the UAE’s F&B market share — an estimated AED43 billion (US$11.7 million) industry — an organization from the country — Associazione Formaggi Italiani DOP e IGP — has grabbed a pavilion at the event. The Association of Italian PDO Cheeses, ...

Bloomberg The search for a grand bargain among oil producers shifted to the Iranian capital on Wednesday as Venezuela and Qatar energy ministers initiated talks with Iran and Iraq to try to expand an agreement to freeze crude production to shore up prices. The spotlight that fixed on Tuesday on Doha, Qatar — where Saudi Arabia and Russia tentatively promised ...

Bloomberg A unit of China Petrochemical Corp., the country’s second biggest oil and gas producer known as Sinopec Group, will shut four oil fields in the eastern province of Shandong for the first time in its more than half a century history. Sinopec Shengli Oilfield Co. will shut the Xiaoying, Yihezhuang, Taoerhe and Qiaozhuang fields to save as much as ...