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Bombardier rises as Mitsubishi weighs buying CRJ jet

Bloomberg Bombardier Inc climbed the most in three months on word that the company is in talks to sell its CRJ regional jet programme to Mitsubishi Heavy Industries Ltd, a move that would end the Canadian industrial champion’s involvement in commercial aircraft. Both sides confirmed they were in discussions after the Air Current reported that negotiations were at an advanced ...

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Abu Dhabi’s economy to grow by 2.5% until 2022

Bloomberg Abu Dhabi’s economic growth will average 2.5 percent in the four years through 2022 as it benefits from higher oil production and prices, S&P Global Ratings estimated. Abu Dhabi’s economy derives 50 percent of its real gross domestic product (GDP) and more than 90 percent of the central government revenue from the hydrocarbon sector, the ratings company said in ...

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Emirates Foundation’s Ramadan drive clocks in 25k volunteer hours

ABU DHABI / WAM As part of this year’s Ramadan campaign, 5,000 volunteers of the Emirates Foundation, an independent organisation set up by Government of Emirate of Abu Dhabi to facilitate public-private funded initiatives to improve welfare of youth across the UAE, completed some 25,000 volunteer hours during the Holy Month of Ramadan. This came as part of the Takatof ...

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