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  Sharjah / Emirates Business Air Arabia (PJSC) on Thursday announced full-year financial results for 2016 as the Middle East and North Africa’s first and largest low-cost carrier continued to deliver healthy growth and strong levels of profitability despite challenging market conditions. Air Arabia’s net profit for the full year ending December 31, 2016 was AED 509 million, a 4 ...

  Bloomberg Intel Corp. Chief Executive Officer Brian Krzanich said the semiconductor maker will invest $7 billion to complete a chip factory in Chandler, Arizona, becoming the latest company to use a meeting with President Donald Trump to tout spending and job-creation plans that were already in place. Krzanich, speaking in the Oval Office, called the investment an expansion of ...

  Bloomberg Thyssenkrupp AG, the German steelmaker in the midst of a corporate transformation, dropped the most in three months after reporting negative free cash flow widened in the first quarter. While the company posted better-than-expected fiscal first-quarter profit as steel prices recovered, negative free cash flow before mergers and acquisitions doubled to 1.74 billion euros ($1.86 billion) due to ...

  WASHINGTON / AP President Donald Trump’s extended criticism of the judiciary prompted a rebuke from his nominee for the Supreme Court, who told a senator the president’s comments were “demoralizing and disheartening.” Judge Neil Gorsuch, who was nominated by Trump to the nation’s high court last week, made the comments Wednesday after Trump accused an appellate court considering his ...

  Bloomberg SoftBank Group Corp. is aiming to close the first round of investment in its planned $100 billion technology fund by the end of this month, giving Chief Executive Officer Masayoshi Son an enormous war chest to go on the hunt for deals, according to people familiar with the matter. The initial investments will likely include $45 billion from ...

  Bloomberg The board of Infosys Ltd., India’s second-largest technology services company, is facing questions over executive compensation and corporate governance in a letter sent by at least three of its founders, according to people with knowledge of the matter. Narayana Murthy, Nandan Nilekani and Kris Gopalakrishnan have signed the document asking why Chief Executive Officer Vishal Sikka’s compensation was ...

  Bloomberg Britain’s decision to leave the Europe Union is raising risks for 66,000 workers in the nuclear power industry and threatening to disrupt the flow of atomic fuel across international borders. The government in deciding to quit the EU also plans to pull out of the continent’s 60-year-old nuclear safety and research organization, according to a February 2 policy ...

  Bloomberg Zurich Insurance Group AG fell in Zurich trading after posting a quarterly profit supported by one-time gains as Chief Executive Officer Mario Greco presses ahead with an overhaul of Switzerland’s largest insurer. Net income for the three months through December amounted to $685 million compared with a loss of $424 million a year earlier due to restructuring costs ...

  Dubai / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended on Wednesday a banquet hosted in his honour by Ali Abdullah Al Sha’far at his residence in Umm Suqeim district 1, Dubai. HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and ...

  Dubai / WAM His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has highlighted Sharjah’s efforts to preserve the environment and bio-diversity by the conservation of many endangered plants and animals. He added that 3 to 4 million trees can be planted every year from available seed stock. During his visit to the ...